The following information is given : Input of raw material @ ₹50 per unit 10,000 units Direct Material ₹1,50,000 Direct Wages ₹90,000 Production Overhead ₹1,15,500 Actual output transferred to next process 9,800 Normal L
CS Executive · Cost and Management Accounting · PYQS · December 2021
The following information is given : Input of raw material @ ₹50 per unit 10,000 units Direct Material ₹1,50,000 Direct Wages ₹90,000 Production Overhead ₹1,15,500 Actual output transferred to next process 9,800 Normal Loss 5% Sale of scrap ₹20 per unit The amount of abnormal gain would be credited to costing profit and loss account:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Process Costing
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