An amount of spoilage that is natural in any particular production process is classified as ___________?

Related Mcqs:

1. An amount of spoilage that is not natural in a specific production process is categorized as ____________?

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

2. The normal spoilage is subtracted from total spoilage to calculate _____________?

   A. abnormal spoilage
   B. Gross weighted spoilage
   C. inventoriable spoilage
   D. partial spoilage

3. 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%

4. 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 will be ____________?

   A. 1200 units
   B. 990 units
   C. 1100 units
   D. 1000 units

5. In process and job costing system, the normal spoilage cost is considered as ___________?

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

6. The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?

   A. carrying costs
   B. purchasing costs
   C. stock-out costs
   D. ordering costs

7. 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

8. The types of spoilage include ___________?

   A. normal spoilage
   B. abnormal spoilage
   C. weighted spoilage
   D. both a and b

9. In accounting, the possibility of deviation of actual amount from an expected amount is classified as ___________?

   A. contribution
   B. certainty
   C. uncertainty
   D. margin

10. The difference between the flexible budget amount and the corresponding static budget amount is classified as ___________?

    A. sales revenue variance
    B. cost profit variance
    C. profit volume variance
    D. sales volume variance