Spoilage is the unacceptable units of production that arediscarded or sold for disposal value....

80.2K

Verified Solution

Question

Accounting

Spoilage is the unacceptable units of production that arediscarded or sold for disposal value. Accountants should be able todistinguish between normal and abnormal spoilage.
Differentiate the two types of spoilage as aforesaid.

Answer & Explanation Solved by verified expert

4.5 Ratings (620 Votes)

Normal process loss The loss expected or anticipated prior to production is a normal process loss It is thus called a standard loss A provision for such a loss is made before starting production Weight losses See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

In: AccountingSpoilage is the unacceptable units of production that arediscarded or sold for disposal value. Accountants...Spoilage is the unacceptable units of production that arediscarded or sold for disposal value. Accountants should be able todistinguish between normal and abnormal spoilage.Differentiate the two types of spoilage as aforesaid.