All of the following are accurate regarding the treatment of normal or abnormal spoilage by a… 1 answer below »

 
   

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All of the following are accurate regarding the treatment of normal or abnormal spoilage by a firm with the exception of:

a. Abnormal spoilage is excluded in the standard cost of a manufactured product. b. Normal spoilage is capitalized as part of inventory cost.

c. Abnormal spoilage has no financial statement impact. d. Normal and abnormal spoilage units affect the equivalent units of production.