- 1 Marks
Question
The output from the production process with little recoverable value is referred to as:
A. Residue
B. Scrap
C. Waste
D. Good production
E. Left over
Answer
B. Scrap
Explanation:
Scrap refers to the material or output from the production process that has little to no value but can still be recovered or sold for a minimal amount. It is different from waste, which generally cannot be recovered or reused. Scrap is often a byproduct of manufacturing processes and may be recycled or sold for secondary purposes.
- Tags: Output, Production Process, Scrap, Waste
- Level: Level 1
- Topic: Costing Methods
- Series: NOV 2014
- Uploader: Dotse