In accounting for scrap, which of the following statements is true?

In accounting for scrap, there is no distinction between the scrap attributable to a specific job and scrap common to all jobs.

Scrap records not only help measure efficiency, but also help keep track of scrap, and so reduce the chances of theft.

Initial entries to scrap accounting records are most often made in dollar terms.

Normal scrap is accounted for separately from abnormal scrap.