The type of wastage that should not affect the recorded costs of closing inventories is: (a). Abnormal

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The type of wastage that should not affect the recorded costs of closing inventories is:

(a). Abnormal wastage

(b). Normal wastage

(c). Seasonal wastage

(d). Standard wastage

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Sep 05, 2023 01:15 PM

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The type of wastage that should not affect the recorded costs of closing inventories is: (a). Abnormal

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The correct answer is b Normal wastage Explanation Normal wastage is an expected and predictabl...View the full answer

Cost Accounting

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