Cost and Managerial Accounting Online MCQ Set 11

QN01. When actual loss is less than the estimated loss, the difference between the two is considered to be ______________ Abnormal gain abnormal loss normal loss income Answer(A)Abnormal gain QN02. Equivalent units represent the production of a process in terms of ______________ units. Completed total production semi-finished both a& c Answer(A)Completed QN03. The process costing…

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