Which of the following statements about process losses are correct? (i) Units of normal loss should be valued at full cost per unit (ii) Units of abnormal loss should be valued at their scrap value
A、(i) only
B、(ii) only
C、Both of them
D、Neither of them
A、(i) only
B、(ii) only
C、Both of them
D、Neither of them
【参考答案及解析】
Statement (i) is incorrect. Units of normal loss are valued at their scrap value (which may be nil). Statement (ii) is incorrect. Units of abnormal loss are valued at the same rate as good units. Therefore the correct answer is D, statements (i) and (ii) both being incorrect.
Statement (i) is incorrect. Units of normal loss are valued at their scrap value (which may be nil). Statement (ii) is incorrect. Units of abnormal loss are valued at the same rate as good units. Therefore the correct answer is D, statements (i) and (ii) both being incorrect.