Factory overhead (including an allowance of P300 for spoiled work) Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at Problem 10: Spoiled Goods the following unit costs: Direct materials Direct labor 2,000 1,000 1,300 Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a department for P400,000.

Factory overhead (including an allowance of P300 for spoiled work) Josh Inc. has completed the Job 101, containing 2,200 shoes, during 2016 at Problem 10: Spoiled Goods the following unit costs: Direct materials Direct labor 2,000 1,000 1,300 Final inspection of Job 101 disclosed 200 spoiled shoes which were sold to a department for P400,000.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 20E: Spoiled work Roger Company manufactures tennis clothing. During the month, the company cut and...

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Spoiled work Roger Company manufactures tennis clothing. During the month, the company cut and assembled 8,000 skirts. One hundred of the skirts did not meet specifications and were considered seconds. Seconds are sold for 9.95 per skirt, whereas first-quality skirts sell for 39.95. During the month, Work in Process was charged 108,000: 36,000 for materials, 48,000 for labor, and 24,000 for factory overhead. Record the entries to first charge production costs for the period and to then record the loss due to spoiled work, under each of the following conditions: a. The loss due to spoiled work is spread over all jobs in the department. b. The loss due to spoiled work is charged to the specific job because it is a special order.
Harper Company’s Job 301 for the manufacture of 2,200 t-shirts was completed during August 2020 at the following unit costs: Direct materials P 20.00 Direct labor 18.00 Factory overhead (includes an allowance of P1 for spoiled work) 18.00 P 56.00 Final inspection of Job 301 discloses 200 spoiled t-shirts which were sold to a jobber for P6,000. Assume that spoilage loss is charged to all production during August. What would be the unit cost of the goods produced on Job 301? Assume that spoilage loss is attributable to exacting specification of Job 301 and is charged to this specific job. What would be the unit cost of the goods produced on Job 301?
NIKE Inc. has completed the Job 101, containing 1,100 shoes, during 2016 at the following unit cost:Direct materials 2,000Direct labor 1,000Factory overhead (including an allowance of P300 for spoiled work) 1,300 Final inspection of Job 101 disclosed 100 spoiled shoes which were sold to a department for P200,000.1. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to allproduction?A. 4,000B. 4,100C. 4,400D. 4,3002. What is the unit cost of good shoes produced on Job 101 if spoilage loss is charged to specificJob 101?A. 4,300B. 4,000C. 4,500D. 4,200
Big Company manufactures electric drills to the exact specifications of various customers. During April 2020, Job 403 for the production of 1,100 units was completed at the following costs per unit: Direct materials                          P10 Direct Labor                                     8 Applied factory overhead            12 Total                                             P30 Final inspection of Job 403 disclosed 59 defective units and 100 spoiled units. The defective units were reworded at a total cost of P500., and the spoiled units were sold to an employee for P1,500. What would be the unit cost of the good units produced on Job 403?
Simar Company’s Job 888 manufactured 13,750 units that were completed in February at unit costs presented as follows:            Direct materials   P300            Direct labor                                                                  270            Factory overhead (includes an allowance of P15                        Spoiled work)                                                    270Final inspection of Job 888 disclosed 1,250 spoiled units, which were sold for P225,000.What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 004?
Samar Company’s Job 888 manufactured 13,750 units that were completed in February at unit costs presented as follows:            Direct materials   P300            Direct labor                                                                  270            Factory overhead (includes an allowance of P15                        Spoiled work)                                                    270Final inspection of Job 888 disclosed 1,250 spoiled units, which were sold for P225,000.What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 004? a. 840 b. 889.50 c. 825 d. 862.50
SMALL COMPANY electric drills to the exact specifications of various customers. During April 2020, Job 403 for the production of 1,100 units was completed at the following costs per unit: Direct materials P10Direct labor 8Applied factory overhead 12Total P30 The final inspection of Job 403 disclosed 59 defective units and 100 spoiled units. The defective units were reworded at a total cost of P500, and the spoiled units were sold to an employee for P1,500. If the spoilage is attributable to Job 202 only, what is the unit selling price of the good units? (round off to the nearest centavo)
ABC Company’s Job 123 for the manufacture of 2,000 bags was completed during June 2022 at the following unit costs:· Direct Materials, P20· Direct Labor, P18· Overhead (including allowance of P1 for spoiled work), P18 Final inspection of Job 123 disclosed 100 spoiled bags which were sold to an online store for P1,985. Determine the total cost of completed units.
Big Company manufactures electric drills to the exact specifications of various customers. During April 2020, Job 403 for the production of 1,100 units was completed at the following costs per unit: Direct materials 10 Direct labor 8 Applied factory overhead 12 Total 32 Final inspection of Job 403 disclosed 59 defective units and 100 spoiled units. The defective units were reworded at a total cost of P500, and the spoiled units were sold to an employee for P1,500. If the spoilage is attributable to Job 202 only, what is the unit selling price of the good units? (round off to the nearest centavo) Big Company manufactures electric drills to the exact specifications of various customers. During April 2020, Job 403 for the production of 1,100 units was completed at the following costs per unit: Direct materials 10 Direct labor 8 Applied…
Big Company manufactures electric drills to the exact specifications of various customers. During April 2020, Job 403 for the production of 1,100 units was completed at the following costs per unit: Direct materials 10 Direct labor 8 Applied factory overhead 12 Total 32 Final inspection of Job 403 disclosed 59 defective units and 100 spoiled units. The defective units were reworded at a total cost of P500, and the spoiled units were sold to an employee for P1,500. If the spoilage is attributable to Job 202 only, what is the unit selling price of the good units? (round off to the nearest centavo)
Zea Company’s Job 888 manufactured 13,750 units that were completed in February at unit costs presented as follows: Direct materials $300 Direct labor 270 Factory overhead (includes an allowance of P15 Spoiled work) 270Final inspection of Job 888 disclosed 1,250 spoiled units, which were sold for $225,000.What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 004?
Integrity Company’s Job 1088 manufactured 13,750 units that were completed in February at unit costs presented as follows:Direct materials- P300Direct labor- 270Factory overhead (includes an allowance of P15 spoiled work)- P270Final inspection of Job 1088 disclosed 1,250 spoiled units, which were sold for P225,000.What would be the unit selling price if the spoilage is attributable to exacting specifications of Job 1088 and the entity maintain a gross profit of 50%?