1200 Kg of a material were input to a process in a period. The normal loss is 8% of input There is no opening or closing work-in-progress. Output in…
CA Intermediate · Cost and Management Accounting · MTP · September 2024
1200 Kg of a material were input to a process in a period. The normal loss is 8% of input There is no opening or closing work-in-progress. Output in the period was 1100 Kg. What was the abnormal gain/loss in the period?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
Abnormal loss of 4 kg
Topics: Process & Operation Costing
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