The following information is given : Input of raw material @ ₹50 per unit: 1,000 units Direct Material ₹15,000 Direct Wages ₹9,000 Production overheads ₹12,000 Actual output transferred to next process: 900 units Normal
CS Executive · Cost and Management Accounting · PYQS · June 2019
The following information is given : Input of raw material @ ₹50 per unit: 1,000 units Direct Material ₹15,000 Direct Wages ₹9,000 Production overheads ₹12,000 Actual output transferred to next process: 900 units Normal Loss 5% Value of Scrap ₹20 per unit The amount of abnormal loss would be transferred to costing profit and loss account (calculation to the nearest rupee):
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Process Costing
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