Process Costing Formula
1. Cost of Abnormal Wastage
= Normal cost ÷ Normal output x Abnormal Wastage inn units
2. Cost of Abnormal Effectives
= Normal Cost ÷ Normal Output x Abnormal Effectives in units
3. Computation of Abnormal loss :
Quantity of abnormal loss = Normal output – Actual output
Normal output = Input – normal loss
4. Value of abnormal loss = Normal cost of the normal output ÷ Normal output x units of Abnormal loss
Value of normal cost of normal output = Expenditure of the process – Scrap value of normal loss
[wp_ad_camp_1]