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► MCQ Exam ON : Spoilage, Rework & Scrap

The partial or completed units of manufactured goods that does not meet customer specifications and are sold at reduced price or simply discarded are called

1)		spoilage
2)		rework
3)		scrap
4)		equivalence
5)		NULL

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Important MCQ on Related Subject

📌	The amount of spoilage that is not natural in a specific production process is classified as

📌	The normal spoilage is subtracted from total spoilage to calculate

📌	The partial or completed units of manufactured goods that does not meet customer specifications and are sold at reduced price or simply discarded are called

📌	The example of rework is

📌	In process costing system and job costing system, the normal spoilage cost is considered as

📌	If the units of normal spoilage are 150 and the total good units manufactured are 1500 then the normal spoilage rate is

📌	The total transferred-out cost plus normal spoilage is divided by number of good units produced to calculate

📌	The types of spoilage includes

📌	The amount of spoilage that is natural in any particular production process is classified as

📌	The aspects for accounting for scrap includes

📌	The sum of beginning work in process inventory units and units started are subtracted from the sum of ending work in process inventory units and transferred out units of goods to calculate

📌	The stage in production process where the manufactured goods are checked whether the units are acceptable or not is classified as

📌	The costing which explains how and when scrap affects the operating income of company is classified as

📌	If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage is

📌	The residual material results from products manufacturing is considered as

📌	the type of spoilage which is considered as controllable and can be avoided is called

📌	The production units that does not meet customer specification but can be sold to other customers as finished goods are classified as

📌	The example of spoilage is

📌	If the transferred out total cost is $1850000 and the number of good units (produced) then the cost per good unit transferred out and completed is

📌	The units of normal spoilage are divided total good units completed rather than total actual units produced to calculate

📌	The cost of abnormal spoilage is not treated as

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