15. A spice is passed through two processes and the output of Process I-Grinding, transferred to Process II-Packaging. The input units in Process 1 are 7,500 kgs and the output units are 7,275 kgs, abnormal gain is 150 kgs. You are required to calculate the normal loss percentage and value of abnormal gain, if the total expenses incurred in Process I are ` 1,50,750 and scrap has realisable value of ` 3 per unit.
Options
A4% and ` 3,174
B5% and ` 3,200
C5% and ` 3,150
D5.10% and ` 3,015
Answer Key
MCQ. No.
Correct Answer
1
C
2
B
3
None
4
None
5
None
6
C
7
B
8
D
9
D
10
B
11
C
12
B
13
B
14
D
15
C
COST AND MANAGEMENT ACCOUNTING
PART – II Descriptive Questions
For any discrepancies in this question, email contact@cadada.in