If the amount of loss in a manufacturing process is normal,it should be classified as a:
A)Product cost.
B)Deferred charge.
C)Joint cost.
D)Period cost.

Question

Quizplus · Accepted Answer

Losses that are normal and occur as part of the manufacturing process are considered part of the cost of producing goods, hence they are classified as product costs. These costs are included in the cost of goods sold and are allocated to the products being manufactured.

If the Amount of Loss in a Manufacturing Process Is