McNight Handcraft manufactures window frames using a job costing system. During March, the following costs are...
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McNight Handcraft manufactures window frames using a job costing system. During March, the following costs are incurred on Job 120 to manufacture 400 frames: Original Costs: Direct Materials Direct Labour Manufacturing Overhead Allocated TOTAL Direct costs of reworking 10 frames: Direct materials Direct labour TOTAL $ 13,200 16,000 24,000 $53,200 $2,000 3,200 $ 5,200 Required: a. Prepare the journal entry to record the rework costs, assuming the rework is attributable specifically to Job 120. b. Compute the cost per finished window frame for Job 120, assuming the reword is attributable specifically to this job. c. Prepare the journal entry to record the rework costs, assuming the rework is common to all jobs. d. Compute the cost per finished window frame for Job 120, assuming the rework is common the all jobs. McNight Handcraft manufactures window frames using a job costing system. During March, the following costs are incurred on Job 120 to manufacture 400 frames: Original Costs: Direct Materials Direct Labour Manufacturing Overhead Allocated TOTAL Direct costs of reworking 10 frames: Direct materials Direct labour TOTAL $ 13,200 16,000 24,000 $53,200 $2,000 3,200 $ 5,200 Required: a. Prepare the journal entry to record the rework costs, assuming the rework is attributable specifically to Job 120. b. Compute the cost per finished window frame for Job 120, assuming the reword is attributable specifically to this job. c. Prepare the journal entry to record the rework costs, assuming the rework is common to all jobs. d. Compute the cost per finished window frame for Job 120, assuming the rework is common the all jobs.
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a Journal entry to record the rework costs specifically attributable to Job 120 Date Account Debit Credit March WorkinProcess Inventory 2000 Accounts ... View the full answer
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