Start learning →

A factory loss from a flood is best classified as which cost?

ANormal cost
BStandard cost
CBudgeted cost
DAbnormal cost
Answer & Solution
Correct answer: D. Abnormal cost
Natural disasters and accidents are not part of routine operations, so the loss is an abnormal cost.
Practise this question with Quill — CA Inter →

Keep practising Cost Accounting

Browse all Cost Accounting questions for CA Inter, or explore more Cost and Management Accounting topics.

Start a Cost Accounting lesson →
Related questions