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Commerce · Q88

Costing

Graduate and Post Graduate · Commerce · question 88

Q88

Scrap is ________.

A.
residue of material
Answer
B.
wastage of material
C.
surplus material
D.
abnormal loss of material

Answer: Option A

Solution

Answer: Option A
Solution:
Scrap is residue of material. It is incidental residue from the materials used in manufacturing operations which is recoverable and measurable without processing.