Inventory Management MCQs

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

April 29, 2022

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are that portion of the process loss, which can be converted into

Q. …………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

A. Waste

B. Scrap

C. Spoilage

D. Defectives

Answer: Scrap

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

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Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

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Which of the following accounting treatment is correct in relation to “Spoilage”?

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