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Spoilage, Rework and Scrap Multiple Choice Questions 1 PDF Download

Learn spoilage, rework and scrap multiple choice questions (MCQs), cost accounting test 1 for online exams. Practice spoilage, rework and scrap terminology MCQs questions and answers on spoilage, rework and scrap terminology, job costing and spoilage, types of spoilage with answers. Free spoilage, rework and scrap quiz, online study guide has helping answer key with choices as rework, spoilage, scrap and equivalence of multiple choice questions as partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called to test learning skills for viva exam preparation and job's interview questions. Study to learn spoilage, rework and scrap terminology quiz questions with online learning MCQs for competitive exam preparation test. Spoilage, Rework and Scrap Terminology Video

MCQ on Spoilage, Rework and Scrap Quiz PDF Download Test 1

MCQ. The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called

  1. spoilage
  2. rework
  3. scrap
  4. equivalence

A

MCQ. In process and job costing system, the normal spoilage cost is considered as

  1. conversion costs
  2. sunk costs
  3. inventoriable costs
  4. non inventoriable costs

C

MCQ. The types of spoilage include

  1. normal spoilage
  2. abnormal spoilage
  3. weighted spoilage
  4. both a and b

D

MCQ. Which one of the following is an example of spoilage?

  1. short lengths from wood work
  2. defective aluminum cans recycled by manufacturer
  3. detection of defective pieces before shipment
  4. all of above

B

MCQ. The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate

  1. normal spoilage rates
  2. abnormal spoilage rates
  3. normal scrap rates
  4. abnormal scrap rates

A