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Process Accounting Query

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process Accounting Query

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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    Posts
  • November 11, 2023 at 11:54 am #694673
    ZuMa
    Participant
    • Topics: 4
    • Replies: 0
    • ☆

    A company uses process costing to value output. During the last information was recorded:
    Output: 2,800 kg valued at $7.50/kg
    Normal loss: 300 kg which has a scrap value of $3/kg
    Abnormal gain: 100 kg
    What was the value of the input?

    November 12, 2023 at 8:03 am #694693
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54671
    • ☆☆☆☆☆

    There is no point in simply typing out full questions and expecting to be provided with a full answer.

    You must have an answer in the same book in which you found the question, so ask about whatever it is in the answer that you are not clear about and then I will explain.

    Everything necessary for the exam is explain in my free lectures on process costing. Have you watched them?

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