COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
Question
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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.
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Rs. 1510
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Rs. 1450
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Rs. 241.67
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Rs. 251.67
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Explanation:
Detailed explanation-1: -= 75-15 = 60 units. Hence, the value of abnormal gain is Rs. 241.67.
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