Abnormal Spoilage - Definition
If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is Abnormal Spoilage?
An Abnormal spoilage refers to the excess amount of waste or destruction of inventory beyond the expected level.
- Enabling the management accountant to become a business partner: Organizational and verbal analysis toolkit, Kennedy, F. A., & Sorensen, J. E. (2006). Journal of accounting education , 24 (2-3), 149-171. This paper describes the organizational techniques that allow teams to function effectively. It presents a framework for problem-solving that is commonly used in organizations that can be adapted for classroom use and then describes the verbal analysis tools and an illustration of how each one contributes to organizational decision making within the problem-solving framework.
- Spoilage, the fourth factor of cost, Kilduff, F. W. (1918). Journal of Accountancy (pre-1986) , 25 (000003), 191. This article examines one of the many results arising from the present war, and it is how numerous firms and corporations are attempting to produce a product which they little or no knowledge about. This lack of knowledge is portrayed in the many profit and loss statements by the small profits or fictitiously large profits where the accounting was incorrect.
- Spoilage with a Production Function, Filimon, R., Morton, S., & Soliman, S. (1987). Accounting and Business Research , 17 (68), 337-348. This paper presents an economic analysis to model the determinants of spoilage in the production process and to show normal spoilage can be chosen in a cost minimization program. It also generates an expanded variance analysis of spoilage that provides guidance in the investigation and interpretation of abnormal spoilage. [PDF]
- Cost Competitiveness the Sustainable Business Strategy, Mukhopadhyay, D. (2013). Management Accountant , 395. This article argues that even though it is an emerging issue, it not correctly understood. It also states that since the subject is prioritized by business, governments and the civil society, key issues arise on the need to clarify how to do it, how to measure and report on it and how to assure sustainability information.
- Stocks and work in progress excluding long-term Contracts, Dodge, R. (1991). In The Concise Guide to Accounting Standards (pp. 43-48). Springer, Boston, MA. This paper deals with separately with the notes for specific matters associated with long-term contracts. It provides information generally related to stocks and work in progress. It also states that a majority of the changes made to SSAP 9 in 1988 were associated with long-term contracts, not short term ones.