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Company Y makes one product which passes through a single process. Details of the process...

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Accounting

Company Y makes one product which passes through a single process. Details of the process accounts for January were as follows: Material cost (20 000 kg) - R26 000 Labour cost R12 000 Production overhead cost R5 700 Output 18 800 kg. Normal loss is expected to be 5% of input and the inspection point is at the end of the process. There was no work-in-progress at the beginning or end of January. Process losses have no value. What is the cost of the abnormal loss (Round to 2 decimal

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