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

Spoilage, rework and scrap multiple choice questions (MCQs), spoilage, rework and scrap quiz answers, MBA accounting test 1 to learn accounting online courses. Spoilage, rework and scrap terminology MCQs, spoilage, rework and scrap quiz questions and answers for admission and merit scholarships test. Practice spoilage, rework and scrap terminology, job costing and spoilage, types of spoilage career test for CPA certification.

Learn spoilage, rework and scrap test with 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 business degree online classes. Practice jobs' assessment test for online learning spoilage, rework and scrap terminology quiz questions with financial accounting MCQs for accounting certifications. Spoilage, Rework and Scrap Terminology Video

MCQ on Spoilage, Rework & Scrap Test 1Quiz Book 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