Choose a manufacturing company then discuss the following: First, name your company and list its main products and direct materials used. What is spoilage? Give an example of spoilage that might occur during the manufacturing of the company's product. What is scrap?  Give an example of scrap that might occur during the manufacturing of the company's product. What does rework mean?  Give an example of rework that might occur during the manufacturing of the company's product. A leading manufacturer recently said, "What has been regarded as normal spoilage in the past will not acceptable as normal spoilage in the future? What are they talking about? What do you think are the external or internal factors that may affect the level of normal spoilage in the future?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 2EA: For the following descriptions state whether the cost is controllable or uncontrollable by...
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Choose a manufacturing company then discuss the following:

First, name your company and list its main products and direct materials used.

What is spoilage?

Give an example of spoilage that might occur during the manufacturing of the company's product.

What is scrap? 

Give an example of scrap that might occur during the manufacturing of the company's product.

What does rework mean? 

Give an example of rework that might occur during the manufacturing of the company's product.

A leading manufacturer recently said, "What has been regarded as normal spoilage in the past will not acceptable as normal spoilage in the future?

What are they talking about?

What do you think are the external or internal factors that may affect the level of normal spoilage in the future?

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