Following information is available for ABC Constructions Ltd.: Material issued to contract ₹11,800 Wages ₹23,200 Plant installed ₹4,600 Plant at site at the end ₹3,800 Work un-certified ₹1,200 Notional loss on contract ₹
CS Executive · Cost and Management Accounting · PYQS · June 2015
Following information is available for ABC Constructions Ltd.: Material issued to contract ₹11,800 Wages ₹23,200 Plant installed ₹4,600 Plant at site at the end ₹3,800 Work un-certified ₹1,200 Notional loss on contract ₹1,960 Work certified will be
Answer & Explanation:
The official key records '#'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: none of the option is correct. However, the correct answer is ₹ 32,640. Note : The inconsistency or ambiguity in the Question(s), if any, is/are taken care of while evaluating the answer sheets.
Topics: Contract Costing
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