Question: Please complete All requirements to the problem. = Homework: Chapter 18 Problems Question 1, P18-40 (boo... Part 1 of 4 HW Score: 0%, 0 of
Please complete All requirements to the problem.
= Homework: Chapter 18 Problems Question 1, P18-40 (boo... Part 1 of 4 HW Score: 0%, 0 of 20 points O Points: 0 of 5 O Save Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish, obtains the following information for Job #10 in August 2017. A total of 46 units were started, and 6 spoiled units were detected and rejected at final inspection, yielding 40 good units. The spoiled units were considered to be normal spoilage. Costs assigned prior to the inspection point are $1,100 per unit. The current disposal price of the spoiled units is $235 per unit. When the spoilage is detected, the spoiled goods are inventoried at $235 per unit. Read the requirements -X Requirement 1. What is the normal spoilage rate? Select the formula, then calculate the normal spoilage rate. (Round the percentage to the nearest tenth percent, X.X%.) = Normal spoilage rate Requirements 1. What is the normal spoilage rate? 2. Prepare the journal entries to record the normal spoilage, assuming the following: a. The spoilage is related to a specific job. b. The spoilage is common to all jobs c. The spoilage is considered to be abnormal spoilage. Print Done
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