The incurred costs to exclude the production of goods, that do not meet the specification, are called ___________?

Related Mcqs:

1. The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

   A. reduced work
   B. spoilage
   C. rework
   D. scrap

2. The costs that are incurred to prevent low quality goods production are classified as ___________?

   A. costs of quality
   B. costs of learning
   C. costs of reengineering
   D. costs of spoilage inventory

3. The costs that are incurred to find manufactured products, which does not meet specifications are called ____________?

   A. prevention costs
   B. external failure costs
   C. appraisal costs
   D. internal failure costs

4. 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

5. 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 ____________?

   A. spoilage
   B. rework
   C. scrap
   D. equivalence

6. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

   A. inventoriable costs
   B. finished costs
   C. factory overhead costs
   D. manufacturing overhead costs

7. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

8. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

9. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

   A. variable batch costs
   B. fixed batch costs
   C. variable setup costs
   D. fixed setup costs

10. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?

    A. partial work costs
    B. transferred-in costs
    C. transferred-out costs
    D. weighted average costs