Where process scrap is recycled for use in conjunction with new material as well as being so externally, which of. the following is most likely to be the value at which is debited to the process?

Related MCQs

• If normal loss has a scrap value the company is able to recover some of the input costs to the process. The scrap value reduces the cost of the process.
• If the normal loss has no scrap value it is given a nil value.
• When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.
• In some cases, a company might have to pay to dispose of losses in a process. The cost of disposal represents an additional cost to the process. To reflect this in the process account the normal loss is measured at zero but the expected costs of disposal are debited to the process account.
• Which of the following manufacturers would most likely not use a process-cost accounting system?
• Joint products are two or more products generated simultaneously, by a single manufacturing process using common input, and being substantially equal in value.
• . Which of the following is most likely to be an allocated production overhead cost to the finishing cost centre?
• The production operations of most businesses can be categorized as either being:
• A situation may arise where both service departments do work for the other service department, as well as the production departments. The secondary apportionment is more complex. The process is called reciprocal apportionment
• Which of the following costs of management is likely to have least control?