A. reduced work
B. spoilage
C. rework
D. scrap
Related Mcqs:
- 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 - If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are _____________?
A. 1800 units
B. 1500 units
C. 1300 units
D. 1500 units - If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be ___________?
A. 1800 units
B. 2300 units
C. 10300 units
D. 1500 units - The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?
A. budget production
B. planned production
C. setup production
D. stand by production - The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?
A. Gross weighted spoilage
B. inventoriable spoilage
C. partial spoilage
D. total spoilage - The incurred costs to exclude the production of goods, that do not meet the specification, are called ___________?
A. rework costs
B. prevention costs
C. incremental costs
D. reengineering costs - The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?
A. proration approach
B. appreciation approach
C. depreciation approach
D. adjusted approach - 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 - The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?
A. manufacturing sector companies
B. merchandising sector companies
C. service sector companies
D. raw material companies - 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
