Scrap is ________.
A. residue of material
B. wastage of material
C. surplus material
D. abnormal loss of material
Answer: Option A
Solution (By Examveda Team)
Scrap is residue of material. It is incidental residue from the materials used in manufacturing operations which is recoverable and measurable without processing.Join The Discussion
Comments (1)
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost

primary packing is a part of answer please