Question 10 How do you treat normal losses (e.g., shrinkage) when calculating product costs? Answer saved Points out of 6.00 Remove flag Select one: O a. Track them and account for them in a "normal losses" account as factory overhead. b. Ignore them during the year and add them up as "correction cost" during the last week of the fiscal period. O c. Normal losses cannot occur when using a product costing system. O d. Ignore them and only count completed units, thus treat them as regular product cost. Question 11 Answer saved How do you treat unexpected and abnormal losses during the manufacturing process, e.g., water damage of fabric due to a rainstorm? Points out of 6.00 Flag question Select one: O a. Transfer the cost of the loss to the flooding department. O b. Abnormal losses are ignored because they would confuse the product costing with non- reoccurring events. O c. Track them and account for them in a separate "abnormal losses" account. O d. Ignore them and only count completed units, thus treat them as regular product cost