_________ arises where the actual process loss is less than the normal predetermined process loss.

Normal loss

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Abnormal loss

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Abnormal gain

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None of the above

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Solution

The correct option is C Abnormal gain
In every production activity, a predetermined percentage is considered as normal loss. If the actual loss is less than the predetermined loss, the difference is considered as abnormal gain.

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_________ arises where the actual process loss is less than the normal predetermined process loss.

The correct option is C Abnormal gainIn every production activity, a predetermined percentage is considered as normal loss. If the actual loss is less than the predetermined loss, the difference is considered as abnormal gain.

The correct option is C Abnormal gain
In every production activity, a predetermined percentage is considered as normal loss. If the actual loss is less than the predetermined loss, the difference is considered as abnormal gain.