BBA: Finance Courses

Chapter 29: MBA Cost Accounting Exam Tests

MBA Cost Accounting MCQs - Chapter 29

Spoilage, Rework and Scrap Multiple Choice Questions (MCQ) PDF - 4

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Spoilage, Rework & Scrap Questions & Answers PDF Download: MCQ Quiz 4

MCQ 16: The costing, which explains how and when scrap affects the operating income of company is classified as

A) inventory costing
B) conversion costing
C) normal scrap costing
D) abnormal scrap costing

MCQ 17: An amount of spoilage that is natural in any particular production process is classified as

A) normal scrap
B) normal spoilage
C) abnormal spoilage
D) weighted spoilage

MCQ 18: The cost of abnormal spoilage is not treated as

A) conversion costs
B) sunk costs
C) inventoriable costs
D) non inventoriable costs

MCQ 19: If the units of normal spoilage are 150 and the total good units manufactured are 1500, then the normal spoilage rate would be

A) 14%
B) 15%
C) 10%
D) 12%

MCQ 20: Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate

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

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Spoilage, Rework & Scrap App (Android & iOS)

Spoilage, Rework & Scrap App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)

Business Statistics App (Android & iOS)

Business Statistics App (Android & iOS)

Marketing Principles App (Android & iOS)

Marketing Principles App (Android & iOS)