Material losses quiz

Which of the following could be rectified and can be sold as a normal unit

• Scrap

• Defective

• Waste

• Spoilage

Which of the following has no recovery value

• Scrap

• Defective

• Waste

• Spoilage

In case of normal waste:

Choose the correct option

• Cost will be absorbed by good units

• Cost will be charged to costing p&l

• Cost will be considered as a factory overhead

• None of the above

Which of the following can not be rectified and brought back to normal specification even after incurring additional rectification

• Scrap

• Defective

• Waste

• Spoilage

Which of the following usually occurs in small amount and low value that is recoverable without further processing

• Scrap

• Defective

• Waste

• Spoilage

Which of the following arise due to inefficiency in operations, bad luck, mischief etc

• Normal loss

• Abnormal loss

• Material loss

• All of the above