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      Question

      Normal Loss is generally determined as a % of which

      among the following?
      A Input Correct Answer Incorrect Answer
      B Output Correct Answer Incorrect Answer
      C Input- Normal loss units Correct Answer Incorrect Answer
      D Input тАУ Abnormal loss units Correct Answer Incorrect Answer
      E Any of the above as per company policy Correct Answer Incorrect Answer

      Solution

      Normal Losses – amount of loss which can’t be avoided because of the nature of material or process. This loss is expected under normal conditions. Example – unavoidable spoiled quantities and the cost of it is to be absorbed by good production. Normal Loss is generally determined as a % of Input If Normal Loss is physically present in the form of scrap, it may have some value and will be credited to Process A/c.

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