Match the process costing term

Exercise and reference answers

Matching pairs

1. Left

   Normal loss

   Right

   Loss inherent in the process itself

2. Left

   Abnormal loss

   Right

   Loss beyond the anticipated level

3. Left

   Equivalent units

   Right

   Incomplete units restated as complete

4. Left

   Inter-process profit

   Right

   Margin added on transfer to next process

Instructions

Tap a term on the left, then the meaning that fits it.

Explanation