eAssignment/takeAssignmentMain.do?invoker%3Dassignments&takeAssignmentSessionLocator=Dassignment-take&inprogress=false☆ 回务eBookCost of Normal Spoilage Caused by Nature of JobFrieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures thecountertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel job calls for direct materials of $2,900 and direct laborof $800. Overhead is applied at the rate of 120 percent of direct labor cost. Unfortunately, one small countertop breaks during installation and Frieling mustcut another piece and install it to properly complete the job. The additional rework required direct materials costing $1,400 and direct labor costing $1,100.Assume that the spoilage was due to the inherently fragile nature of the piece of stone picked out by the Tramels. Frieling had warned them that thechosen piece could require much more care and potentially additional work. As a result, Frieling considers this spoilage to be caused by the Tramels' job.Required:1. Calculate the cost of the Tramel job.3,7402. Does a journal entry to the overhead control account need to be made?Yes3. What if the additional rework required $2,200 of direct labor? What would be the effect on the cost of the Tramel job?If the additional rework required $2,200 of direct labor rather than $1,100, then the total cost of the Tramel job wouldby $to $47PreviousNextOEO 4) 1:22 PM%24

ng Company installs granite countertops in customers' homes. First, the customer chooses the tertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel j 300. Overhead is applied at the rate of 120 percent of direct labor cost. Unfortunately, one smal another piece and install it to properly complete the job. The additional rework required direct m me that the spoilage was due to the inherently fragile nature of the piece of stone picked out by en piece could require much more care and potentially additional work. As a result, Frieling cons uired: alculate the cost of the Tramel job. 3,740 oes a journal entry to the overhead control account need to be made? Vhat if the additional rework required $2,200 of direct labor? What would be the effect on the ce ne additional rework required $2,200 of direct labor rather than $1,100, then the total cost of the to $

ng Company installs granite countertops in customers' homes. First, the customer chooses the tertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel j 300. Overhead is applied at the rate of 120 percent of direct labor cost. Unfortunately, one smal another piece and install it to properly complete the job. The additional rework required direct m me that the spoilage was due to the inherently fragile nature of the piece of stone picked out by en piece could require much more care and potentially additional work. As a result, Frieling cons uired: alculate the cost of the Tramel job. 3,740 oes a journal entry to the overhead control account need to be made? Vhat if the additional rework required $2,200 of direct labor? What would be the effect on the ce ne additional rework required $2,200 of direct labor rather than $1,100, then the total cost of the to $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter4: Job-order Costing And Overhead Application

Section: Chapter Questions

Problem 54P

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Examples of indirect costs typically include: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply The labor costs of temporary workers on the project. The rental of the corporate building. The rental of the temporary project office space.unanswered The salary of the CEO.unanswered The salary of the project manager.unanswered The labor cost of the accounting department.
Pls answer this question with solutions. In 20x1, LUMINOUS SHINING Co. recalled a product due to a possible defect caused by malfunctioning factory equipment. The products recalled will be repaired free of charge. LUMINOUS is uncertain whether all products recalled will have the possible defect. However, the following estimate was made by LUMINOUS’s engineers and managerial accountants and approved by the board of directors. Repair cost Probability 80,000,000 5% 60,000,000 20% 40,000,000 35% 20,000,000 40% 100% How much is the provision to be recognized? a. 38Mc. 48M b. 50Md. 32M
Amber Company produces custom framing. For one job, the trainee assigned to cut the mat set the mat dimensions incorrectly into the computer. The mat was unusable and had to be discarded; another mat was cut to the correct dimensions. How is the cost of the spoiled mat handled? What additional costs can occur with the spoiled mat? What about retraining for the employee or punishment costs?
Identification. Pocket Umbrella, Inc., is considering producing a new type of umbrella. This newpocket-sized umbrella would fit into a coat pocket or purse. Classify the following costs of thisnew product as direct materials, direct labor, manufacturing overhead, selling expense, oradministrative expense.6. The salary of the supervisor of the people who assembled the product7. Wages of the product tester who stands in a shower to make sure the umbrellas do not leak8. Cost of market research survey9. Salary of the company’s sales managers10. Depreciation of administrative office buildingB. Essay. Answer below questions as required.1. Identify the three elements of cost incurred in manufacturing a product and indicate thedistinguishing characteristics of each. 2. What is the general content of a statement of cost of goods manufactured? 3. What is the relationship of the cost of goods manufactured to the income statement? 4. How did you cope up with your studies in this “new normal”…
Classify the following quality costs as prevention costs, appraisal costs, internal failure costs, orexternal failure costs:1. Inspection of reworked units2. Inspecting and testing a newly developed product (not yet being sold)3. Retesting a reworked product4. Repairing a computer still under warranty5. Discount allowed to customers because products failed to meet customer specifications6. Goods returned because they failed to meet specifications7. The cost of evaluating and certifying suppliers8. Stopping work to correct process malfunction (discovered using statistical process controlprocedures)9. Testing products in the field10. Discarding products that cannot be reworked11. Lost sales because of recalled products12. Inspection of incoming materials13. Redesigning a product to eliminate the need to use an outside component with a highdefect rate14. Purchase order changes 15. Replacing a defective product16. Inspecting and testing prototypes17. Repairing products in the field18.…
Please be specific while answering. Answer should not exceed from 6 line for a single question.no need to write the details. 1. Differentiate between spoiled and defective material, why costing procedure is different for both? 2. Give an example of cost which is a part of unavoidable cost. 3. Why there is a need to identify the standard cost? 4. What type of account as a new account title is maintained is spoiled work process.name only and pass an entry with spoilage of 700 dollars against work in process. 5. Under what situation in spoiled working the loss is: a)charged to FOH b) charged to work in process
Please be specific while answering. Answer should not exceed from 6 line for a single question.no need to write the details. 1. Differentiate between spoiled and defective material, why costing procedure is different for both? 2. Give an example of cost which is a part of unavoidable cost. 3. Why there is a need to identify the standard cost? 4. What type of account as a new account title is maintained is spoiled work process.name only and pass an entry with spoilage of 700 dollars against work in process. 5. Under what situation in spoiled working the loss is: a)charged to FOH b) charged to work in process check_circle
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
Finance Which of the following is an example of indirect material costs of a bakery? Select one: Salary of the marketing manager Cost on light bulbs Cost of butter Depreciation of the bakery equipment Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.
Folio Glass produces custom glass platters. For one job, the trainee assigned to cut the glass set the template incorrectly into the computer. This template was unusable and had to be discarded; another template was cut to the correct dimensions. How is the cost of the spoiled template handled?
In trying to decide whether or not to replace a sorting/baling machine in a solid waste recycling operation, an engineer calculated the annual worthvalues for the in-place machine and a challenger. On the basis of these costs, the defender should be replaced:a. now.b. 1 year from now.c. 2 years from now.d. 3 years from now.
Relevant Cost Analysis—Quality Improvements Destin Company produces water control valves, made of brass, which it sells primarily to builders for use in commercial real estateconstruction. These valves must meet rigid specifications (i.e., the quality tolerance is small).Valves that, upon inspection, get rejected are returned to the Casting Department; that is, theyare returned to stage 1 of the four-stage manufacturing process. Rejected items are melted andthen recast. As such, no new materials in Casting are required to rework these items. However,new materials must be added in the Finishing Department for all reworked valves. As the costaccountant for the company, you have prepared the following cost data regarding the productionof a typical valve:[LO 17-5]Cost Casting Finishing Inspection Packing TotalDirect materials $200 $ 12 $-0- $ 8 $220Direct labor 110 120 20 20 270Variable manufacturing overhead 100 150 20 20 290Allocated fixed overhead 70 80 40 10 200$480 $362 $80 $58…