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Commerce Costing Difficulty: Medium

If the normal cost of normal production of 80 units is Rs. 400, then the value of abnormal wastage of 5 units will be

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More Commerce Questions

Which of the following statements are 'true'? 1 : The premium under a group insurance policy is constant for all the time to come. 2 : Section 45 of the Insurance Act does not apply to a one year policy. Income elasticity of demand for good 'X' is greater than zero but less than 1, so commodity 'X' is Income tax on interest, dividends and rent should be A, B and C enter into a partnership investing Rs. 35,000, Rs. 45,000 and Rs. 55,000 respectively. Find their respective shares in annual profit of Rs. 40,500. If a firm has a DOL of 2.8, it means: