ECONOMICS

COST ACCOUNTING

INTRODUCTION TO COST ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Cost of 75 units introduced-Rs. 1308, Additional expenses incurred-Rs. 202, Normal loss-15 units, Actual output-70 units and scrap value-Rs.4/ unit. Calculate value of abnormal gain.
A
Rs. 1510
B
Rs. 1450
C
Rs. 241.67
D
Rs. 251.67
Explanation: 

Detailed explanation-1: -= 75-15 = 60 units. Hence, the value of abnormal gain is Rs. 241.67.

There is 1 question to complete.