Job 1840, which cost $100,000 for 1,000 units before accounting for spoilage and rework, resulted in 30 units that were spoiled as a result of the normal production process and 10 that were spoiled because of a lightning strike, which also damaged 12 units that could be repaired at a cost of $45 each. Account for the costs of spoilage and rework.
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Job 1840, which cost $100,000 for 1,000 units before accounting for spoilage and rework, resulted in 30 units that were spoiled as a result of the normal production process and 10 that were spoiled because of a lightning strike, which also damaged 12 units that could be repaired at a cost of $45 each.
Account for the costs of spoilage and rework.
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- Using the Taguchi quality loss function, an average loss of 20 per unit is calculated. During the year, 25,000 units were produced. Which of the following statements represents the correct application of the Taguchi loss function? a. The hidden costs of internal failure are 500,000. b. The hidden costs of external failure are 500,000. c. The costs of detection activities are 20 per unit inspected. d. The total external costs are 500,000.Walloon Company produced 150 defective units last month at a unit manufacturing cost of 30. The defective units were discovered before leaving the plant. Walloon can sell them as is for 20 or can rework them at a cost of 15 and sell them at the regular price of 50. What is the total relevant cost of reworking the defective units? a. 2,250 b. 3,000 c. 4,500 d. 6,750Final inspection of job 205 disclosed 600 spoiled coats, which were sold to a jobber for P600,000. What would be the unit cost of the good coats produced on job 205 assuming that spoilage loss is charged to all production? Attributable to exacting specifications of job 205?
- Harold Manufacturing produces denim clothing. This year, it produced 5,000 denim jackets at a manufacturing cost of $45 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets.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)
- Martin Company received an order for 25 automatic mixing machines. Because of the order's exacting specifications, it is anticipated that defective and spoiled work will exceed the normal rate. The materials cost per unit is P80; labor cost, P194; and manufacturing overhead for this order is to be applied at 100% of the labor cost. During production, 5 units were found to be defective and required the following total additional costs: materials, P97, labor, P125, and manufacturing overhead at the 100% rate. On final inspection, 2 units were classified as seconds and sold for P400 each, the proceeds being credited to the order. The purchaser has agreed to accept the 23 machines, although the acceptable units are fewer than the number ordered. What is the unit cost of the completed units? (Round-off to the nearest peso) IN A GOOD ACCOUNTING FORM WILL BE GREAT ALSO!Martin Company received an order for 25 automatic mixing machines. Because of the order's exacting specifications, it is anticipated that defective and spoiled work will exceed the normal rate. The materials cost per unit is P80; labor cost, P194; and manufacturing overhead for this order is to be applied at 100% of the labor cost. During production, 5 units were found to be defective and required the following total additional costs: materials, P97, labor, P125, and manufacturing overhead at the 100% rate. On final inspection, 2 units were classified as seconds and sold for P400 each, the proceeds being credited to the order. The purchaser has agreed to accept the 23 machines, although the acceptable units are fewer than the number ordered. What is the unit cost of the completed units? (Round-off to the nearest peso) ANSWER IN GOOD ACCOUNTING FORM. THANK YOU :)Martin Company received an order for 25 automatic mixing machines. Because of the order's exacting specifications, it is anticipated that defective and spoiled work will exceed the normal rate. The materials cost per unit is P80; labor cost, P194; and manufacturing overhead for this order is to be applied at 100% of the labor cost. During production, 5 units were found to be defective and required the following total additional costs: materials, P97, labor, P125, and manufacturing overhead at the 100% rate. On final inspection, 2 units were classified as seconds and sold for P400 each, the proceeds being credited to the order. The purchaser has agreed to accept the 23 machines, although the acceptable units are fewer than the number ordered. What is the unit cost of the completed units? (Round-off to the nearest peso)
- Calculate the total cost of External Failure activities. Design Reviews $275,000 Finished goods returned due to failure $55,000 Freight on replacement finished goods $27,000 Labor for inspection during manufacturing $75,000 Labor for inspection of raw materials $32,000 Product Testing – Labor $63,000 Rework -labor and overhead $150,000 Materials for Warranty repairs $68,000 Process Engineering $180,000 Product Liability Claims $145,000 Product Testing – Equipment $35,000 Equipment Repairs due to breakdown…Jimin Company completed 5,200 units of customized souvenir items. The product cost per unit: Direct materials P50 Direct labor 80 Factory overhead 60 P190 However, upon quality inspection, 50 units were found to be spoiled. The spoiled/damaged goods are sold for P6,000. The spoilage is due to the employee's fault. How much is the amount charged to factory overhead control?Zozibini Company completed 5,000 units of customized souvenir items. The product cost per unit: Direct materials P75 Direct labor 60 Factory overhead 45 P180 However, upon quality inspection, 60 units were found to be spoiled. The spoiled/damaged goods are sold for P7,200. The spoilage is due to the employee's fault. Finished goods - beginning balance is P257,300 The cost of goods sold is 903,800 How much is the ending balance of finished goods inventory?
