The following information is given to you: Input of raw material is 25,000 units, output 23,950 units. If the normal loss is 5% of input, then :

CS Executive · Cost and Management Accounting · PYQS · December 2021
The following information is given to you: Input of raw material is 25,000 units, output 23,950 units. If the normal loss is 5% of input, then :
(A) Normal loss of 1050 units
(B) Abnormal loss of 200 units
(C) Abnormal gain of 200 units
(D) Either abnormal loss of 200 units or abnormal gain of 200 units

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Process Costing

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic