SFAX lte, which manufactures a single product, began operations on January 1, 2014. Material A is added
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Question:
Units started: 18,000 units
Acceptable units completed and released: 15,000 units
Closing stock of products in progress: 2,000 units
According to its continuous production costing system based on the CMP method, SFAX ltée incurred the following costs per equivalent unit during the first quarter:
Material A | Material B | Processing costs |
$ 11.00 | $ 0.80 | $ 15.00 |
The abnormal release loss for the first quarter was?
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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