If the amount of loss in a manufacturing process is abnormal, it should be classified as a:
A)Period cost.
B)Deferred charge.
C)Joint cost.
D)Product cost.

Name: If the amount of loss in a manufacturing process is abnormal, it should be classified as a: A)Period cost. B)Deferred charge. C)Joint cost. D)Product cost.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Abnormal loss should be classified as a period cost (charged to expense of the current period and reflected separately on the income statement).

If the Amount of Loss in a Manufacturing Process Is