Following information is available in relation to Process Q: Input of raw material @ ₹50 per unit: 1,000 units Other materials: ₹8,500 Direct wages: ₹10,000 Production overheads: ₹7,500 Output transferred to process R: 9
CS Executive · Cost and Management Accounting · PYQS · June 2018
Following information is available in relation to Process Q: Input of raw material @ ₹50 per unit: 1,000 units Other materials: ₹8,500 Direct wages: ₹10,000 Production overheads: ₹7,500 Output transferred to process R: 900 units Normal loss: 5% The amount of abnormal loss to be transferred to costing profit and loss account would be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost and Management Accounting
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