Aty Corporation manufactured 2,000 motors to fill an order by incurring the lewing costs Direct materials...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Aty Corporation manufactured 2,000 motors to fill an order by incurring the lewing costs Direct materials Direct labor Factory overhead (60% of direct labor cost) Total production costs 600,000 400,000 240,000 1,240,000 The company found out that 200 of the motors were defective. The company anred the following costs to rework the defective motora. Direct materials Direct labor Factory overhead (60% of direct labor cost) 40,000 120,000 72,000 Required: Prepare journal entries to record the cost incurred and the reworking st Assuming the loss is normal and the rework costs are specific to the jobs. Assuming the loss is normal and the rework costs are charged to all production. & Assuming the loss is abnormal. Aty Corporation manufactured 2,000 motors to fill an order by incurring the lewing costs Direct materials Direct labor Factory overhead (60% of direct labor cost) Total production costs 600,000 400,000 240,000 1,240,000 The company found out that 200 of the motors were defective. The company anred the following costs to rework the defective motora. Direct materials Direct labor Factory overhead (60% of direct labor cost) 40,000 120,000 72,000 Required: Prepare journal entries to record the cost incurred and the reworking st Assuming the loss is normal and the rework costs are specific to the jobs. Assuming the loss is normal and the rework costs are charged to all production. & Assuming the loss is abnormal.
Expert Answer:
Answer rating: 100% (QA)
Assuming the loss is normal and the rework costs are specific to the jobs Cost incurred for the defective motors Direct materials 40000 Direct labor 1... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
This lesson provides a decision-making guide to help you integrate what you've learned in previous lessons. The main benefit of this guide is that it will force you to think more clearly about the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following data were taken from the records of Cougar Enterprises, a Canadian manufacturer that uses a normal job-order costing system: During December, the company worked on jobs numbered 70...
-
Bloomberg Intelligence listed 50 companies to watch in 2018 (www .bloomberg.com/features/companies-to-watch-2018). Twelve of the companies are listed here with their total assets and 12-month sales....
-
What are special events? Give a few examples. Are special events conducted by the NPO reported differently on the statement of activities than special events conducted by an organization that is...
-
What barriers to entry exist in the cable television market? Are high cable prices evidence of monopoly power? The Federal Communications Commission (FCC) will make it easier for independent...
-
Refer to the information in Exercise 16-6. Assume that Fields uses the FIFO method of process costing. 1. Calculate the equivalent units of production for the forming department. 2. Calculate the...
-
I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: I Love My Chocolate Company...
-
Give the steps required to use the Oracle Enterprise Manager to monitor the performance of the Oracle Database and identify any potential performance bottlenecks.
-
We left Lou for a few weeks and despite his best intentions, he has not been staying on top of his bookkeeping. With the new apartment complex account, business is booming. Probably. Maybe? It's hard...
-
In the following network, the link from F to E is the fastest way to send data from F to E. However, that direct link has just been downgraded to 10 from 8 regarding the cost of transmission. Given...
-
(ii) A Mach 2 air stream passes over a 10 expansion corner. Find the Mach number of the flow downstream of the expansion fan. (4)
-
Swift Corporation is leasing a machine from Gray, Inc. Swift's incremental borrowing rate is 13%. The prime rate of interest is currently 7%. Gray's implicit rate in the lease is 9%; Swift knows this...
-
To what degree, though, do you concur that RFID technology offers advantages?
-
6. Identify bound and free variables in the first-order logic formula: Vxy A(x, y) V 3y B(x, y) Occurrence of x in A(x, y): Occurrence of y in A(x, y): Occurrence of x in B(x, y): Occurrence of y in...
-
1. Use either the parallelogram (tail to tail) or the triangle law (head to tail) to determine the resultant force magnitude and direction measured from the x axis. Assume 0 = 60. 00 40 FA=8 kN FB=6kN
-
Four different companies have many similarities, including the following 1 (Click the icon to view the similarities) They do have slightly different complex capital structures, however Specifically...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
What is the product unit cost for JOB 14, which consists of 300 units and has total manufacturing costs of direct materials, $4,500; direct labor, $7,500; and overhead, $3,600? What are the prime...
-
Wages are paid each Saturday for a six-day workweek. Wages are currently running $1,380 per week. Prepare the adjusting entry required on June 30, assuming July 1 falls on a Tuesday.
-
Six Stat Pizza manufactures frozen pizzas and calzones and sells them for $4 each. It is currently considering a proposal to manufacture and sell fully prepared products. The following relevant...
-
Marfan syndrome is a rare inherited human disorder characterized by unusually long limbs and digits plus defects in the heart (especially the aorta) and the eyes, among other symptoms. Following is a...
-
An individual has the genotype Aa Bb Cc and makes an abnormal gamete with the genotype AaBc. Does this gamete violate the law of independent assortment or the law of segregation (or both)? Explain...
-
A true-breeding tall pea plant was crossed to a true-breeding dwarf plant. What is the probability that an F1 individual will be truebreeding? What is the probability that an F1 individual will be a...
Study smarter with the SolutionInn App