Please help me to solve this problem Signal mistakenly produced 1,475 defective cell phones. The phones cost $64 each to produce. A salvage company will buy thedefective phones as they are for $31 each. It would cost Signal $88 per phone to rework the phones. If the phones are reworked,Signal could sell them for $132 each. Signal has excess capacity. Should Signal scrap or rework the phones?SalesRework costsIncomeXia Co. currently buys a component part for $9 per unit. Xia believes that making the part would require $5.25 per unit of directmaterials and $1.10 per unit of direct labor. Xia allocates overhead using a predetermined overhead rate of 235% of direct labor cost.Xia estimates an incremental overhead rate of $0.65 per unit to make the part.1-a. What are the relevant costs for Xia to make or buy the part?1-b. Should Xia make or buy the part?Required 1AComplete this question by entering your answers the tabs below.MakeBuyRequired 1BRequired 1AScrapWhat are the relevant costs for Xia to make or buy the part? (Round your answers to 2 decimal places.)Per UnitReworkRequired 1BShould Xia make or buy the part?Should Xia make or buy the part?< Required 1ARequired 1B >

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Signal mistakenly produced 1,475 defective cell phones. The phones cost $64 each to produce. A salvage company will buy the defective phones as they are for $31 each. It would cost Signal $88 per phone to rework the phones. If the phones are reworked, Signal could sell them for $132 each. Signal has excess capacity. Should Signal scrap or rework the phones? Sales Rework costs Income Scrap Rework

Signal mistakenly produced 1,475 defective cell phones. The phones cost $64 each to produce. A salvage company will buy the defective phones as they are for $31 each. It would cost Signal $88 per phone to rework the phones. If the phones are reworked, Signal could sell them for $132 each. Signal has excess capacity. Should Signal scrap or rework the phones? Sales Rework costs Income Scrap Rework

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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