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1.In a process account, how are abnormal losses valued?
A. At their scrap value
B. The same as good production
C. At the cost of raw materials
D.The same as normal losses
2.Which TWO of the following are necessary if forecasts obtained from a time series analysis are to be reliable?
A. The trend must not be increasing or decreasing
B. The trend must continue as in the past
C.Extrapolation must not be used
D.The same pattern of seasonal variation must continue as in the past