Normal Loss is generally determined as a % of which

Q: Answer-Normal Loss is generally determined as a % of which among the following?

Normal Losses ndash amount of loss which canrsquot be avoided because of the nature of material or process. This loss is expected under normal conditions. Example ndash 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 Ac.

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 – 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.

Practice Next

More Alternate Sources of Finance Questions

Which two banks have tied up for a strategic co-lending service that will facilitate retail home loans at competitive rates.
When was The Bonded Labour System (Abolition) Act came into force in Uttarakhand?
The festival of Phool Dei is celebrated in which state/UT?
Which is the largest Solar Park in the world as of 2022?
The National Institute of Hydrology is based in which city?
Gas leaked during Bhopal tragedy was
Which state recently launched Nanaji Deshmukh Krishi Sanjivani Yojna to promote climate resilient agriculture?
The Uttarakhand government is setting up the state’s first Himalayan honey testing lab at which place?
The headquarters of the International Monetary Fund (IMF) is located in which city?
Bio-diversity is also known as

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question