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
March 2026 ACCA Exams Results
Save 20% on ACCA & CIMA Books
Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>
Can someone explain why the process account is credited with the full production of the abnormal loss unit. Why credit and not debited?
It is credited so that we end up with a balance showing what was actually produced.
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?