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

Spoilage, rework and scrap MCQs, spoilage, rework and scrap quiz answers, MBA accounting test 1 to learn accounting online courses. Learn spoilage, rework and scrap terminology multiple choice questions (MCQs), spoilage, rework and scrap quiz questions and answers for admission and scholarships exams. Practice assessment test on spoilage, rework and scrap terminology, job costing and spoilage, types of spoilage test prep for accounting certifications.

Practice spoilage, rework and scrap career 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 online degree in accounting and finance. Prepare jobs' assessment test for learning online spoilage, rework and scrap terminology quiz questions with financial accounting MCQs for finance 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