determine the cost according to


Determine the cost according to normality

According to normality: under this category cost may be categorized as follows:

Normal cost: it is the cost which is normally incurred at a given level of the output in the condition in which that level of the output is attained. It is charged to costing profit and loss account.  

Abnormal cost: it is the cost which is not normally incurred at a given level of the output in the condition in which that level of the output is attained. It is charged to costing profit and loss account.    

 

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Managerial Accounting: determine the cost according to
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