Multiple Choice
Where the normal loss in a department is identified at the end of process, its cost is :-
A) Ignored
B) Charged to work in progress ending inventory only
C) Charged to units completed and transferred out only
D) Charged to work in process ending inventory as well as to units completed and transferred out
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The normal or standard loss in processing
Q10: In process costing system, the materials can
Q11: Materials labor and overhead costs are traced
Q12: Which of the following system applies when
Q13: The process costing system is best suited
Q15: While preparing the cost of production report
Q16: In process costing the abnormal loss occurred
Q17: A loss in processing departments which can
Q18: In process costing system, the predetermined overhead
Q19: Which of the following business is likely