In a Process Cost System,the Cost Attributable to Abnormal Losses

question 48

Multiple Choice

In a process cost system,the cost attributable to abnormal losses that occur due to unexpected circumstances such as machine operator error should be assigned to:

• A)Ending work in process inventory.
• B)Cost of goods manufactured and ending work in process inventory in the ratio of units worked on during the period to units remaining in work in process inventory.
• C)A separate loss account in order to highlight production inefficiencies
• D)Cost of good manufactured (transferred out)

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Definitions:

Intervertebral Joint

A joint located between adjacent vertebrae in the spine, facilitating movement and providing support.

Costovertebral Joint

A joint in the vertebral column where a rib meets the spine, allowing for the rib's movement during breathing.

Cartilaginous Joint

Bones connected by cartilage; includes synchondroses and symphyses.

Epiphyseal Plates

Growth plates located at the ends of long bones where new bone growth occurs in children and adolescents.