Scrap is defined as a
A)finished unit of product that has no sales value.
B)residual of the production process that has limited sales value.
C)residual of the production process that can be reworked for sale as an irregular unit of product.
D)residual of the production process that has no sales value.

Question

Quizplus · Accepted Answer

Scrap is the residual of the production process that has limited sales value because it is usually the unusable or rejected material that cannot be sold as a regular product but may have some value in certain applications or as a source of raw materials. It is not a finished unit of product nor can it be reworked for sale as an irregular product.

Scrap Is Defined as a