Question

In a Production Process 1500 Units
at Rs 40 each were introduced.
Additional Direct Raw material
Rs.36000, Direct Labour Rs.32400
were incurred. 8% Normal Loss.
Scrap value Rs.35 per unit. Actual
Output 1350 Units. Calculate value
of Abnormal gain or loss.
Rs.2700​

Answer 1

Explanation:

मतलब रिफ्लेक्ट टोरिया तो इसको बोलेंगे अरे यार क्या है अभी आने वाली हूं मैं क्या होती है क्या होती है यह समझ में आई है

Answer 2

The value of abnormal loss is ₹150.

Abnormal loss is the type of loss that is not expected by a business entity and to calculate abnormal loss, we need to subtract scrap value of units because the scrap value comes under normal loss.

Units introduced= 1500 units

less: 8% normal loss= -(120 units)

= Expected units= 1380 units

less: Actual output= -(1350 units)

= Abnormal loss= 30 units

Value of abnormal loss= total cost - scrap value

                                     = 30*40 - 35

                                     = ₹150