MA Chapter 12 Questions Process Costing – Losses
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>
Hi, in question 1, how can you tell the difference between abnormal loss or gain? I already watched the lecture but still confused
If the output is more than expected then there is an abnormal gain.
If the output is less than expected then there is an abnormal loss.
For process X, the expected output is 65,000 – (8% x 65,000) = 59,800. The actual output was only 58,900 and so there is an unexpected/abnormal loss of the difference.
helpfull
the management accounting pdf that i downloaded here is of awesome help, with it i can now tackle any question!
Great. Have you watched the free lectures that go with the notes?