A product passes through two consecutive processes. The data for the latest period is as follows: Process 1: Input = 47,000 kg, Normal Loss = 8% of input, Actual Output = 42,000 kg Process 2: Input = 42,000 kg, Normal Loss = 5% of input, Actual Output = 38,915 kg Determine whether there was an abnormal loss or abnormal gain in each process.

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Economics · Cost Accounting

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Process 1: Abnormal loss; Process 2: Abnormal loss

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