1.The main objective of bill of material is:
Fixed asset requisition
Material requisition
None of the above
2.Abnormal loss of material ———— absorbed into the cost of production.
Is
Is not
3.Defective items can be —— after incurring some additional costs.
Disposed off
Rectified
None of the above
4.Normal waste of materials is part of cost of production.
True
False
5.Normal loss of material can be avoided.
True
No
6.scarp is a ———– materials.
Extra
Remnants
Abnormal gain
7.Who is responsible for materials movement in stores?
Accountant
Auditor
Store keeper