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: The question is 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) IN A GOOD ACCOUNTING FORM PLEASE ANSWER THIS QUESTION ABOUT JOB 202 ONLY.

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: The question is 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) IN A GOOD ACCOUNTING FORM PLEASE ANSWER THIS QUESTION ABOUT JOB 202 ONLY.

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 21E: Defective work Herbert Electronics manufactures an integrated transistor circuit board for repeat...

See similar textbooks

Similar questions

16. Harp Company's Job 501 for the manufacture of 2,200 coats, which was completed during August at the unit costs presented below. Final inspection of Job 501 disclosed 200 spoiled coats which were sold to a jobber for P6,000. Direct materials Direct labor P20 18 Factory overhead (includes an Page 3 of 6 18 P56 Assume that spolage loss is charged to all production during August. What would be the unit cost of the good allowance of P1 for spoiled work coasts produced on Job 5017 а. P53 b. P55 C. P56 d. P58.60 17. Using the same information, assume instead that the spoilage loss is attributable to the exacting specifications of Job 501 and is charged to this specific job. What would be the unit cost of the good coats produced on Job 501? a. P55 b. P57.50 c. P58.60 d. P61.60
ABC Company Job 101 for the manufacture of 2,200 coats, which was completed during October at the unit costs presented below. Final inspection of Job 101 disclosed 200 spoiled coats which were sold to a jobber for P8,000. Direct materials - P20; Direct labor - P18; Factory overhead (includes an allowance of P1 for spoiled work)-P18. Assume that spoilage loss is charged to all production during October. What would be the unit cost for the good coats produced on Job 101?
Elmer Company’s Job #040335 for the manufacture of 6,600 coats was completed during Marchat the following unit costs:Direct materials P1,500Direct labor 1,000Manufacturing overhead (includes allowances of P50 for spoiled work) 5003,000Final inspection of job #040335 disclosed 600 spoiled coats, which were sold to a jobber forP600,000.29. What would be the unit cost of the good coats produced on job #040335 assuming thatspoilage loss is charged to all production? Attributable to exacting specifications of job#040335?a. 2,950 b. 3,000 c. 3,145 d. 3,20030. Using the information in item 29, what is the journal entry to record the disposal of thespoiled coats?a. Cash 600,000Manufacturing overhead 1,200,000Work in process -Job #040335 1,800,000b. Cash 600,000Work in process -Job #040335 600,000c. Cash 600,000Abnormal loss 1,200,000Work in process -Job #040335 1,800,000d. Cash 600,000Manufacturing overhead 1,170,000Work in process -Job #040335 1,170,000
Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows: Direct materials P35 Direct labor 28 Factory overhead (includes an allowance of P15 Spoiled work) 29Final inspection of Job 456 disclosed 125 spoiled units, which were sold for P22,500.What would be the unit cost of good units if the spoilage loss is attributable to exacting specifications of Job 001?
Elmer Company’s Job #040335 for the manufacture of 6,600 coats was completed during Marchat the following unit costs:Direct materials P1,500Direct labor 1,000Manufacturing overhead (includes allowances of P50 for spoiled work) 5003,000Final inspection of job #040335 disclosed 600 spoiled coats, which were sold to a jobber forP600,000.29. What would be the unit cost of the good coats produced on job #040335 assuming thatspoilage loss is charged to all production? Attributable to exacting specifications of job#040335?a. 2,950 b. 3,000 c. 3,145 d. 3,200
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
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?
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%?
During March, Mark Company incurred the following costs on Job 209 for the 200 motors: Original cost accumulation: Direct materials Direct labor P 660 800 Factory overhead 1.200 P2,660 Direct costs of reworking 10 units: P 100 160 Р 260 Direct materials Direct labor Method A- The rework cost were attributable to the exacting specifications of Job 209, and the full rework costsş were charged to this specific job. Method B- The defective units fall within the normal range and the rework is not related to a specific job, or the rework is common to all the jobs. 15. The cost per finished unit of Job 209 using Method A is: а. P15.60 b. P15.80 с. Р13.30 d. P13.50
PART 4 Quest Company manufactures electric drills to the exacting specifications of various customers, During April 2019, job 403 to produce 1,100 drills was completed at the following costs per unit: $ 20 $ 16 $ 24 $60 Final inspection of job 403 disclosed 100 spoiled units. The spoiled drills were sold for $ 1,500. Direct materials Direct labor Applied overhead Total Required: Prepare the necessary journal entry (if any) to account for the spoilage (1) assuming the spoilage is attributable to job 403. (2) assuming the spoilage is attributable to all jobs.
5. E Company's Job Order No. 205 (for the manufacture of 6,600 coats) was completed in August, 2018 at the following unit costs: Direct materials.... ..P1,500 Direct labor.. ..1,000 Factory overhead (including allowance of P50 for spoiled work).. 500 Total... P3,000 Final inspection of Job No. 205 disclosed 600 spoiled coats. These were subsequently sold to a jobber for P600,000. Assuming that spoilage loss is charged to all production, what would be the unit cost of the good coats produced per Job No. 205? a. P3,150 b. P3,000 c. P2,950 d. P2,900 e.None of these; answer is