Costs of abnormal spoilage are separately accounted for as losses of the period.

Name: Costs of abnormal spoilage are separately accounted for as losses of the period.
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Question

Quizplus · Accepted Answer

Abnormal spoilage is considered as a loss of the period because it is not a normal and expected part of the production process. As a result, the costs associated with abnormal spoilage are separately accounted for as losses in the company's financial records.

Costs of Abnormal Spoilage Are Separately Accounted for as Losses