Normal Process Loss is

Related MCQs

• Any loss over and above the normal loss is called
• ……………….. process loss should be transferred to costing profit and loss account
• Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..
• Normal cost of Normal output is equal to
• When the actual loss is more than the estimated loss, the difference between the two is considered to be ,………………….
• Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c
• The cost of ……….. process loss is absorbed in the cost of production of good units
• The loss incurred on an incomplete contract is transferred to ……… account
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
• A point at which there is neither profit nor loss ………………