Any loss over and above the normal loss is called
A) Waste
B) Abnormal loss
C) Spoilage
D) Scrap
Correct Answer:
Verified
Q7: Normal cost of Normal output is equal
Q8: The finished product of one process becomes
A)Raw
Q9: Units of abnormal gain………………..in process A/c and
Q10: Units of abnormal loss is………………..in abnormal process
Q11: If abnormal loss has any scrap value
Q13: ……………..is a method of costing in which
Q14: Production order costing is also known as
A)Job
Q15: Under job costing, on what basis production
Q16: The limitations of job costing are ;
A)Expensive
B)More
Q17: ………………..is a modified form of job costing
A)Process
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