Multiple Choice Questions on In Process B 75 units of a commodity were transferred from process A at a cost of Rs 1 310 The addit........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In Process B 75 units of a commodity were transferred from process A at a cost of Rs 1 310 The addit...........

Costing - Phase (I & II) Methods of Costing
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    In Process B, 75 units of a commodity were transferred from process A at a cost of Rs. 1,310. The additional expenses incurred by the process were Rs. 190. 20% of units entered are normally lost and sold @ 4/- per unit. The output of the Process was 70 units, the value of Abnormal Gain and output will be:

    Rs. 240, Rs. 1700

    Incorrect Answer

    Rs. 240, Rs. 1680

    Correct Answer

    Rs. 140, Rs. 1700

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Value of Abnormal Gain= Normal Cost of Normal Output/Normal Output x units of Abnormal Gains= 1,440/60 x 10 = 240/-

    Value of output= Normal Cost of Normal Output/Normal Output x units of Output= 1,440/60 x  70  = 1680/-

    By: Vikas Goyal
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