…..arises where the actual process loss is less than the normal predetermined process loss.

Related MCQs

• Where actual loss in a process is less than the anticipated 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 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 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
• 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.
• .............……….process loss should be transferred to costing profit & loss account.
• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.