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Spoilage, Rework and Scrap Multiple Choice Questions and Answers 1 PDF Download

Learn spoilage, rework and scrap multiple choice questions, online MBA cost accounting test 1 for e-learning MBA programs, online accounting courses. Practice spoilage, rework and scrap terminology multiple choice questions (MCQs), spoilage, rework and scrap quiz questions and answers. Learn spoilage, rework and scrap terminology, job costing and spoilage, types of spoilage GMAT test for online accounting software courses distance learning.

Study spoilage, rework and scrap quiz with multiple choice question (MCQs): partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called, for bachelor of business administration and masters in accounting degree courses with choices rework, spoilage, scrap, equivalence for online management information systems degree preparation with online information systems exam's quizzes. Practice skills assessment test to learn online spoilage, rework and scrap terminology quiz questions with financial accounting MCQs to prepare entrance exam for admission in distance MBA courses. Spoilage, Rework and Scrap Terminology Video

MCQ on Spoilage, Rework and Scrap Test 1Quiz 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