Homework Answers
Answer is a) Increase the cost of good units produced in the job by the cost of the spoiled units.
Explanation:
Normal spoilage specific to job is added to the cost of goods produced and it is not shown as separate item in income statement. Abnormal spoilage are shown as separate item in income statement. Normal spoilage are unavoidable in nature and are bound to occur i.e. uncontrollable in nature. So, normal spoilage specific to job increases the cost of good units produced in the job by the cost of the spoiled units.
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4. Which of the following is an acceptable way of handling normal spoilage specific to a...
We were unable to transcribe this imageExercise 4-38 Spoilage and Scrap (appedixLO 4-8] Lexan Textile Company's...
We were unable to transcribe this imageExercise 4-38 Spoilage and Scrap (appedixLO 4-8] Lexan Textile Company's Job X12 had one of its 40 units spoiled. The cost incurred on the unit was $640. It was specific normal spoilage with an estimated disposal price of $380 for the spoiled unit. Job Y34 had common normal spoilage with the estimated cost of $480 from the general production process failure and abnormal spoilage of $160. The company also incurred scrap due to Job...
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17. Which of the following is an example of spoilage? A) short lengths from woodworking operations...
17. Which of the following is an example of spoilage? A) short lengths from woodworking operations that cannot be used to make another product B) edges from plastic molding operations that result from the main product's manufacturing process but have little or no value C) defective units of laptops detected after the production process but rework before the units are sold as good products to customers D) defective men's button down cotton collar dress shirts that have small pulls in...
5 Cost of Normal Spoilage Frieling Company installs granite countertops in customers' homes. First, the customer...
5
Cost of Normal Spoilage Frieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures the countertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel job calls for direct materials of $2,700 and direct labor of $1,300. Overhead is applied at the rate of 130 percent of direct labor cost. Unfortunately, one small countertop breaks during installation and Frieling must cut another...
Ferdon Inc. company started Job #4 with 32 units. 7 units were rejected upon inspection. Normal...
Ferdon Inc. company started Job #4 with 32 units. 7 units were rejected upon inspection. Normal spoilage is 5 units. Costs prior to inspection amount to $1,450 per unit and the spoiled units have a salvage value of $520 per unit. What is the cost per unit of the good units in Job #4?
E18-20 (similar to) Question Help The following data, in physical units, describe a grinding process for...
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Which of the following would be an acceptable measure of activity for a material handling activity cost pool? Number of Weight of material moved Yes Yes No No Options material moves Yes No Yes No Multiple Choice Option D Option C Option A Option B
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Consider the following data for November 2017 from Walton Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Walton Manufacturing Company uses the weighted average method of process costing. i Data Table i Data Table Direct Materials...
Consider the following data for November 2017 from Walton Manufacturing Company, which makes silk pennants and...
Consider the following data for November 2017 from Walton Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Walton Manufacturing Company uses the FIFO method of process costing E (Click the icon to view the data.) (Click...
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We were unable to transcribe this imageExercise 4-38 Spoilage and Scrap (appedixLO 4-8] Lexan Textile Company's Job X12 had one of its 40 units spoiled. The cost incurred on the unit was $640. It was specific normal spoilage with an estimated disposal price of $380 for the spoiled unit. Job Y34 had common normal spoilage with the estimated cost of $480 from the general production process failure and abnormal spoilage of $160. The company also incurred scrap due to Job...
Problem 6-49 Weighted-Average Method; Transferred-in Costs; Spoilage (Appendix) (LO 6-2, 6-4, 6-6, 6- 9) APCO Company manufactures various lines of bicycles. Because of the high volume of each line, the company employs a process costing system using the weighted average method. Bicycle parts are manufactured in the molding department and then are consolidated into a single bike unit in the molding department and transferred to the assembly department where they are assembled. After assembly, the bicycle is sent to the...
17. Which of the following is an example of spoilage? A) short lengths from woodworking operations that cannot be used to make another product B) edges from plastic molding operations that result from the main product's manufacturing process but have little or no value C) defective units of laptops detected after the production process but rework before the units are sold as good products to customers D) defective men's button down cotton collar dress shirts that have small pulls in...
5
Cost of Normal Spoilage Frieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures the countertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel job calls for direct materials of $2,700 and direct labor of $1,300. Overhead is applied at the rate of 130 percent of direct labor cost. Unfortunately, one small countertop breaks during installation and Frieling must cut another...
E18-20 (similar to) Question Help The following data, in physical units, describe a grinding process for January: Click the icon to view the January data.) Inspection occurs at the 100% completion stage. Normal spoilage is 5% of the good units passing inspection. Read the requirements. Requirement 1. Compule the normal and abnormal spoilage in units. Normal spoilage units Abnormal spoilage units i Requirements i Data Table 1. Compute the normal and abnormal spoilage in units. 2. Assure that the equivalent-unit...
Which of the following would be an acceptable measure of activity for a material handling activity cost pool? Number of Weight of material moved Yes Yes No No Options material moves Yes No Yes No Multiple Choice Option D Option C Option A Option B
Consider the following data for November 2017 from Walton Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Walton Manufacturing Company uses the weighted average method of process costing. i Data Table i Data Table Direct Materials...
Consider the following data for November 2017 from Walton Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Walton Manufacturing Company uses the FIFO method of process costing E (Click the icon to view the data.) (Click...
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