* not completed

. The double entry required to record the disposal proceeds from the sale of normal losses is:

Debit process account, Credit scrap account correct incorrect

Debit disposals cost account, Credit cash account correct incorrect

Debit scrap account, Credit process account correct incorrect

Debit cash account, Credit scrap account correct incorrect

* not completed

. The double entry required to record the disposal proceeds from the sale of abnormal losses is:

Debit abnormal loss account, Credit process account correct incorrect

Debit abnormal loss account, Credit scrap account correct incorrect

Debit process account, Credit abnormal loss account correct incorrect

Debit scrap account, Credit abnormal loss account correct incorrect

* not completed

. Nebulous plc produces gases for industrial use. In November, 25,000 cubic metres of gas were input to process XX at a cost of £10,000. All normal and abnormal losses produced in the operation of process XX are collected and sold to Cumulus Limited for 10 pence per cubic metre. Normal loss in the process is 20% of input materials. Conversion costs of £5,000 were incurred by process XX in November. 19,000 cubic metres of industrial gas were produced by process XX in November.
What is the cost per cubic metre of finished production, abnormal gains and abnormal losses from process XX in November?

72.00 pence correct incorrect

72.50 pence correct incorrect

77.50 pence correct incorrect

78.00 pence correct incorrect

* not completed

. Nebulous plc produces gases for industrial use. In November, 25,000 cubic metres of gas were input to process XX at a cost of £10,000. All normal and abnormal losses produced in the operation of process XX are collected and sold to Cumulus Limited for 10 pence per cubic metre. Normal loss in the process is 20% of input materials. Conversion costs of £5,000 were incurred by process XX in November. 19,000 cubic metres of industrial gas were produced by process XX in November.
What is the total debit to the scrap account in November?

£100 correct incorrect

£400 correct incorrect

£500 correct incorrect

£600 correct incorrect

* not completed

. Nebulous plc produces gases for industrial use. In November, 25,000 cubic metres of gas were input to process XX at a cost of £10,000. All normal and abnormal losses produced in the operation of process XX are collected and sold to Cumulus Limited for 10 pence per cubic metre. Normal loss in the process is 20% of input materials. Conversion costs of £5,000 were incurred by process XX in November. 19,000 cubic metres of industrial gas were produced by process XX in November.
What amount will be presented in the costing statement of profit or loss for abnormal losses for November?

£100 correct incorrect

£625 correct incorrect

£725 correct incorrect

£825 correct incorrect