R makes one product, which passes through a single process. Details of the process account for period 1 were as follows:

There was no work in progress at the beginning or end of the period. Process losses have no value.
The cost of the abnormal loss (to the nearest $) is

(a) $437

(b) $441

(c) $460

(d) $465 (2 marks)
CIMA: Fundamentals of Management Accounting

Transcribed Image Text:

Material cost-20000kg Labour cost Production overhead cost Output Normal losses ($) 26000 12000 5700 18800kg 5 per cent of input