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Process Costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process Costing

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 28, 2017 at 2:12 pm #399172
    fredymaila
    Participant
    • Topics: 48
    • Replies: 130
    • ☆☆

    From Colin Drury,

    A department with no opening work in progress introduced 1000 units into the process ; 600 are completed, 250 are 20% complete, and 150 units are lost, consisting of 100 units of normal loss and 50 units of abnormal Lisa. Losses are detected upon completion. Material costs are £8000 (all introduced at the start of the process) and conversion costs are £4000.

    My question now, normal loss value was calculated the same way as normal output. I thought that if no scrap value is given, normal loss has no value.
    Could it be because of the statement ‘Losses are detected upon completion’?

    Values from the book :

    Work in progress =2250
    Completed units =7800
    Abnormal loss =650
    Normal loss =1300

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    July 28, 2017 at 2:13 pm #399173
    fredymaila
    Participant
    • Topics: 48
    • Replies: 130
    • ☆☆

    Sorry for including the irrelevants

    July 28, 2017 at 6:53 pm #399206
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54695
    • ☆☆☆☆☆

    You have posted the same thing elsewhere, and I have answered your other post 🙂

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Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Process Costing’ is closed to new replies.

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