When actual loss is less than the estimated loss, the difference between the two is considered to be……………

Related MCQs

• When actual loss is..........................than the estimated loss, the difference between the two is considered to be abnormal loss.
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is................than the estimated loss, the difference between the two is considered to be abnormal gain
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
• …..arises where the actual process loss is less than the normal predetermined process loss.
• An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is................. kg
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• If the amount of work certified is less than…......... of the contract price, then no profit should be taken to Profit & Loss Account.
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Expected sales + desired closing stock – estimated opening stock = .