Answer / sameer kanade

Certain losses are inherent in the production process and
cannot b eliminated.
These losses occur under efficient operating conditions and
are referred to as Normal or uncontrollable losses.


In addition to losses which cannot be avoided, there are
some losses which are not expected to occur under efficient
operating conditions, for example the improper mixing of
ingredients, the use of inferior materials and the
incorrect cutting of cloths. These losses are not an
inherent part of the production process and are referred to
as abnormal or controllable losses.
Normal loss is the loss expected during a process. It is
not given a cost.
Abnormal losses is the extra loss resulting when actual
loss is greater than normal or expected loss ,and it is
given a costs.
Since an abnormal loss is not given a cost, the cost
producing these units is borne by the good units of output.
Abnormal loss and gain units are valued at the same rate
as “good” units. Abnormal events do not therefore affect
the cost of good production. Their costs are analyzed
separately in an abnormal loss or abnormal gain account

Answer / nermeen

normale loss is a loss which is expested by an organization and for which provision is actually made in the budgeting process of organization where as abnormal loss is a loss arising from a manufacturing or chemical process through abnormal waste,shrinkage,seepage or spoilage.....the same bases as the good output.

Answer / i

Definition:
losses which exceed the normal loss allowance. Abnormal
losses are generally costed as though they were completed
products. General term for abnormal shrinkage, abnormal
spoilage and abnormal waste.

while i creating a main asset master there is a error called process being terminated? pls send the solution

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could you please suggest an institute for classes in accountancy near punjagutta?

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Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

0 Answers   Elevates Infosolution,

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