The following information is available in respect of Process Z: Units introduced 5,000 units Material received from store | ₹50,000 Direct Labour | ₹24,000 Overheads | ₹16,000 Output of Process Z | 4,800 units Normal was
CS Executive · Cost and Management Accounting · PYQS · December 2020
The following information is available in respect of Process Z: Units introduced 5,000 units Material received from store | ₹50,000 Direct Labour | ₹24,000 Overheads | ₹16,000 Output of Process Z | 4,800 units Normal wastage | 5% of units introduced Scrap value of wastage | ₹4 per unit The value of Abnormal Gain is :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Process Costing
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