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Distinguish among spoilage, rework, and scrap. Question content area bottom Part...

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Accounting

Distinguish among spoilage, rework, and scrap.
Question content area bottom
Part 1
is units of production that do not meet the standards required by customers for good units and that are discarded or sold at reduced prices.
is units of production that do not meet the specifications required by customers but which are subsequently repaired and sold as good finished units.
is the residual material that results from manufacturing a product. It has low total sales value compared to the total sales value of the product.

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