Question: Caleb Ltd uses a process costing system. during the month they put 640 units of total production at a cost of n$27 680. the company

Caleb Ltd uses a process costing system. during the month they put 640 units of total production at a cost of n$27 680. the company has estimated that the normal loss would be 5% with a scrap value of n$10 per unit. during the month 592 goods finished units were actually manufactured. the amount to be transferred to abnormal loss/gain account would be:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q10 Caleb Ltd uses a process costing system. During the month they put 640 units of total production at a cost of N$ 27 680. The company has estimated that the normal loss would be 5% with a scrap...

Caleb Ltd uses a process costing system. During the month they put 320 units of total production at a cost of N$13 840. The company has estimated that the normal loss would be 5% with a scrap value...

Rolly Ltd uses a process costing system. During the month they put 640 units of total production at a cost of $27680. The company has estimated that normal loss would be 5% with Scrap value of $10...

1. Last month a manufacturing company's profit was NS2 000, calculated using absorption costing principles. If marginal costing principles has been used, a loss of N$3 000 would have occurred. The...

Helao Ltd uses a process costing system. During the month they put 500 units of total manufacturing costs of N$33 750. The company has estimated that the normal loss would be 10 %. The unit cost of...

HELAO Ltd uses a process costing system. During the month they put 250 units of total manufacturing costs of N$16 875. The company has estimated that the normal loss would be 10%. The unit cost of a...

please help me answer the questions below, calculations are not necessary Buddy cc absorbs overheads based on labour hours at N$32/hour. The company sells two products, X and Y. Total cost for...

Caleb Ltd uses a process costing system. During the month of April, the company input 1 900 units at a total cost of production of N$100 700. The company has estimated a normal loss from the process...

In the last chapter you modified some tables for the Snick's Board Shop. Now Caitlin would like you to help her create some queries to extract information from the database. Make the following...

what is your recommendation for this decision of America for Canada? This is a government that does not take its own national defense seriously, so why should anyone take it seriously? President Joe...

Question content area top Part 1 The assumption that the firm's debtminus equity ratio is constant means: Question content area bottom Part 1 A . corporate taxes are the only imperfection. B . the...

Identify a true statement about goal setting. Goal setting is done for short periods of time and must be frequently revised. Goal setting helps one build internal momentum. Goal setting only defines...

What should the union do now? Explain your answer. Perhaps the biggest stories about unions and the work environment over the past couple of years has been the issue of sexual harassment and how...

Should there be consequences for the employer for not dealing with the matter sooner? Why or why not? Perhaps the biggest stories about unions and the work environment over the past couple of years...

During a union organizing drive, labour and management will develop a plan to present their perspectives to employees. A goal of each side will be to collect information on the other that can be used...