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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 learning, course exam prep. Practice spoilage, rework and scrap terminology MCQs, spoilage, rework and scrap questions and answers on spoilage, rework and scrap terminology, job costing and spoilage, types of spoilage test for online accounting software courses distance learning.

Free spoilage, rework and scrap quiz online, self-study student guide has multiple choice question: partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called with choices rework, spoilage, scrap and equivalence for online management information systems degree preparation with online information systems exam's quizzes. Study to learn online spoilage, rework and scrap terminology quiz questions with financial accounting MCQs for finance certification competitive exam prep. Spoilage, Rework and Scrap Terminology Video

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

MCQ: 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, normal spoilage cost is considered as

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

C

MCQ: Types of spoilage include

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

D

MCQ: Which one of 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: 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