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

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

Practice spoilage, rework and scrap career test with multiple choice question: in process and job costing system, normal spoilage cost is considered as, for business majors with options sunk costs, conversion costs, inventoriable costs, non inventoriable costs for bachelors in business administration. Professional skills assessment test for online learning 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 & 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