The cost of......................process loss is absorbed in the cost of production of good units.

Related MCQs

• Equivalent units represent the production of a process in terms of…..units.
• Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .
• When actual loss is..........................than the estimated loss, the difference between the two is considered to be abnormal loss.
• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.
• When 1000 units are 60% complete in a process, it is equivalent to ……………completed units.
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is less 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
• .............……….process loss should be transferred to costing profit & loss account.
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..