快速查题-Chapter11-14试题

A chemical process has a normal wastage of 10% of input. In a period, 2,500 kgs of material were input and there was an abnormal loss of 75 kgs.

What quantity of good production was achieved?

In a particular process, the input for the period was 2,000 units. There were no inventories at the beginning or end of the process. Normal loss is 5% of input. In which of the following circumstances is there an abnormal gain?

(i) Actual output = 1,800 units

(ii) Actual output = 1,950 units

(iii) Actual output = 2,000 units

In a process account, how are abnormal losses valued?

A company needs to produce 340 litres of Chemical X. There is a normal loss of 10% of the material input into the process. During a given month the company did produce 340 litres of good production, although there was an abnormal loss of 5% of the material input into the process.How many litres of material were input into the process during the month?

A company uses process costing to establish the cost per unit of its output. The following information was available for the last month:

Input units                             10,000

Output units                           9,850

Opening inventory                 300 units, 100% complete for materials

                                              and 70% complete for conversion costs

Closing inventory                   450 units, 100% complete for materials

                                              and 30% complete for conversion costs

Thecompany uses the weighted average method of valuing inventory.What were the equivalent units for conversion costs?