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Process costing

Costing

In this for calculation of equivalent production units of abnormal gain overhead % should be 80% right?

Rifhat Khan

CA Inter

★ 28K+

30-Mar-23 00:59

555

Answers (7)

It's 100% Since it will get included in Fin.Goods

Shanmu

CA Inter

★ 13K+

30-Mar-23 08:35

Abnormal Gain always assumed as 100% , because it is included in Finished Output.

Varun Mulay

CA Final

★ 39K+

30-Mar-23 13:10

If there is specification given for ab loss or gain take that itself as eq prodn unit. See this question

Sugam SM

CA Final

★ 9K+

30-Mar-23 19:44

Sugam SM

If there is specification given for ab loss or gain take that itself as eq prodn unit. See this question

There is given percentages specifically for scraped units so we should take 80 percentage for abnormal also... right

Thread Starter

Rifhat Khan

CA Inter

★ 28K+

30-Mar-23 20:51

Thread Starter

Rifhat Khan

There is given percentages specifically for scraped units so we should take 80 percentage for abnormal also... right

Yes

Sugam SM

CA Final

★ 9K+

30-Mar-23 21:39

Thread Starter

Rifhat Khan

There is given percentages specifically for scraped units so we should take 80 percentage for abnormal also... right

YES

Varun Mulay

CA Final

★ 39K+

30-Mar-23 21:55

Kindly share entire question, along with solution highlighting your doubt.

Pranay Mehta

Faculty

31-Mar-23 11:14