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direct materials, $3.00; direct man uirement independently. ments ement 1 e part of the 300 cases that were d uired.) Cash Loss from Abnormal Spoilage Work-in-Process Control Acc late and explain briefly the unit cost ost for the remaining cases is $

direct materials, $3.00; direct man uirement independently. ments ement 1 e part of the 300 cases that were d uired.) Cash Loss from Abnormal Spoilage Work-in-Process Control Acc late and explain briefly the unit cost ost for the remaining cases is $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Barrett Kitchens produces a variety of items in accordance with special job orders from hospitals, plant cafeterias, and university dormitories. An order for 3,300 cases of mixed vegetables costs $6. per case: direct materials, $3.00; direct manufacturing labour, $2.00; and manufacturing overhead allocated, $1.00. The manufacturing overhead rate includes a provision for normal spoilage. Cons each requirement independently. Requirements Requirement 1 Suppose part of the 300 cases that were dropped could be sold to a nearby prison for $300 cash. Prepare a journal entry to record this event. (Record debits first, then credits. Explanations are not required.) Cash Loss from Abnormal Spoilage Work-in-Process Control Accounts Calculate and explain briefly the unit cost of the remaining 3,000 cases. Debit Credit 300 1,500 1,800 The cost for the remaining cases is $ per case. The cost of these cases is affected by the loss from normal silage Clear all Check answ
Transcribed Image Text:Barrett Kitchens produces a variety of items in accordance with special job orders from hospitals, plant cafeterias, and university dormitories. An order for 3,300 cases of mixed vegetables costs $6. per case: direct materials, $3.00; direct manufacturing labour, $2.00; and manufacturing overhead allocated, $1.00. The manufacturing overhead rate includes a provision for normal spoilage. Cons each requirement independently. Requirements Requirement 1 Suppose part of the 300 cases that were dropped could be sold to a nearby prison for $300 cash. Prepare a journal entry to record this event. (Record debits first, then credits. Explanations are not required.) Cash Loss from Abnormal Spoilage Work-in-Process Control Accounts Calculate and explain briefly the unit cost of the remaining 3,000 cases. Debit Credit 300 1,500 1,800 The cost for the remaining cases is $ per case. The cost of these cases is affected by the loss from normal silage Clear all Check answ
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