Question

Loss that occurs under inefficient operating condition and is ordinarily controllable is known as______.

Answer 1

Loss that occurs under inefficient operating condition and is ordinarily controllable is known as

cost accounting

Answer 2

Abnormal Spoilage.

• Abnormal spoiling refers to the amount of inventory waste or destruction that occurs outside of normal business operations or production procedures.
• Abnormal spoilage can occur due to malfunctioning machinery or inefficient procedures, and it is regarded to be at least somewhat avoidable.
• Normal spoilage is a cost item in accounting, and abnormal spoilage is tracked separately on internal records and financial statements.