Normal and abnormal spoilage in units. The following data, in physical units, describe a grinding process for January: Work in process, beginning Started during current period To account for 19,300 145,400 164,700 Spoiled units Good units completed and transferred out Work in process, ending Accounted for 12,000 128,000 164,700 Inspection occurs at the 100% completion stage. Normal spoilage is 5% of the good units passing inspection.

Q: Describe the margin of safety.

A:

Q: Why is materials inspection a prevention costs rather than an appraisal costs?

A: Lets understand the basics. Cost incurred in order to minimize or avoid the defect at the production…

Q: Describe cost depletion and percentage depletion. Whyis the percentage depletion method permitted?

A: Depletion: Depletion is defined as the reduction in the value of natural resources due to its…

Q: Explain the assumptions of break-even analysis.

A: Break-even analysis - - Break-even analysis states that a number of units must be sold to cover the…

Q: Birdie Limited is a manufacturing company producing a variety of golf clubs. It operates from one…

A: It is the rate used to charge the overheads to the intended cost unit at a predetermined level of…

Q: The standards for direct materials are made up of which of the following components? a.variance…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Kaizen costing aims to reduce costs during the phase of a product's life.

A: 1. The correct answer is: (A) Production    While some sources may suggest that Kaizen costing can…

Q: Describe the accounting for correction of errors.

A: The accounting for correction of errors will be explained:

Q: Explain an example how to calculate margin of safety.

A: The margin of Safety: The break-even point reflects the level of sales volume where no profit or…

Q: The cost of is not included in the cost of production a. Abnormal loss b. Direct costs c. Normal…

A: Cost of production: Cost of production may be defined as the aggregate of all the costs incurred to…

Q: How can Replacement Analysisbe used when the Required Service Period Is Long?

A: Replacement analysis tells a company about the replacement time of an asset. The asset gets obsolete…

Q: Describe the effects of using direct and indirect material.

A: Direct materials are required directly in the production process like wood required to make…

Q: i) ii) a) b) d) explain the meaning of the term/technique, give two examples of its application,…

A: Cost accounting is one of the branches of accounting that deals with the costing and management of…

Q: Blocked suction cylinder unloading is accomplished by

A: Blocked suction cylinder unloading is accomplished by

Q: d importance of

A: Designing tests of balances is an important part of the auditing process. Tests of balances are used…