BAC2624 Topic 5

BAC2624 Topic 5

University

5 Qs

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BAC2624 Topic 5

BAC2624 Topic 5

Assessment

Quiz

Other

University

Practice Problem

Easy

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Hamsatulazura H

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5 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following defines spoilage?

units of production that do not meet the specifications required by customers but that are subsequently repaired and sold as good finished units.

units of production whether fully or partially completed, that do not meet the specifications required by customers for good units and are discarded or sold at reduced prices.

residual material that results from manufacturing a product.

products of a joint production process that have low total sales values relative to the total sales value of the main product

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of scrap?

short lengths from woodworking operations that must be discarded

defective units of laptops detected after the production process but reworked before the units are sold as good products to customers

defective aluminum cans sold to aluminum manufacturers for remelting to produce other aluminum products

defective shirts, jeans, shoes, and carpeting sold as seconds

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Spoilage that is an inherent result of the particular production process and arises even under efficient operating conditions is referred to as ________.

incremental spoilage

normal spoilage

irregular spoilage

direct spoilage

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Costs of abnormal spoilage are usually accounted for as ________.

a deduction from the cost of goods sold

a component of the costs of good units manufactured

a separate line item in an income statement

an asset on a balance sheet

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which one of the following conditions usually exists when comparing normal and abnormal spoilage to controllability?

Normal is Controllable and Abnormal is Controllable

Normal is Controllable and Abnormal is Uncontrollable

Normal is Uncontrollable and Abnormal is Uncontrollable

Normal is Uncontrollable and Abnormal is Controllable

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