Mathematics · Cost Accounting - Process Costing Losses and Gains
Information relating to two processes (A and B) was as follows: Process A: Normal loss = 5% of input; Input = 55,000 litres; Output = 52,000 litres Process B: Normal loss = 8% of input; Input = 40,000 litres; Output = 37,000 litres For each process, determine whether there was an abnormal loss or an abnormal gain.
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- 1Process A: Abnormal Gain, Process B: Abnormal Loss
- 2Process A: Abnormal Gain, Process B: Abnormal Gain
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- 4Process A: Abnormal Loss, Process B: Abnormal Loss
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Process A: Abnormal Loss, Process B: Abnormal Gain
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