The aspects of accounting for scrap includes __________? April 20, 2025 by admin A. physical tracking B. non-inventoriable costing C. inventory costing D. both a and c
The costing, which explains how and when scrap affects the operating income of company is classified as ___________? April 20, 2025 by admin A. inventory costing B. conversion costing C. normal scrap costing D. abnormal scrap costing
Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate ___________? April 20, 2025 by admin A. cost per good units transferred out B. cost per good units transferred in C. revenue per good units transferred out D. revenue per good units transferred in
The type of spoilage, which is considered as controllable and can be avoided is called _____________? April 20, 2025 by admin A. abnormal spoilage B. normal spoilage C. transferred-in spoilage D. transferred-out spoilage
The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called ____________? April 20, 2025 by admin A. spoilage B. rework C. scrap D. equivalence
The types of spoilage include ___________? April 20, 2025 by admin A. normal spoilage B. abnormal spoilage C. weighted spoilage D. both a and b
The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate ____________? April 20, 2025 by admin A. normal spoilage rates B. abnormal spoilage rates C. normal scrap rates D. abnormal scrap rates
The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________? April 20, 2025 by admin A. Gross weighted spoilage B. inventoriable spoilage C. partial spoilage D. total spoilage
The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________? April 20, 2025 by admin A. reduced work B. spoilage C. rework D. scrap
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 can be __________? April 20, 2025 by admin A. 245.1724 B. 255.1724 C. 278.1724 D. 268.1724To find the cost per good unit transferred out…
