The input in a process is 10,000 units, Normal loss is considered as 5% of input which valued at ₹10 per unit and actual output is 9,350 units. If the total cost of the process is ₹2,71,000, then value of abnormal loss/g
CS Executive · Cost and Management Accounting · PYQS · December 2018
The input in a process is 10,000 units, Normal loss is considered as 5% of input which valued at ₹10 per unit and actual output is 9,350 units. If the total cost of the process is ₹2,71,000, then value of abnormal loss/gain will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Process Costing
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