Southwest Toys manufactures globes at its San Fernando facility. The company uses job costing and provides you with the following information regarding operations for April 2020: (Click the icon to view the operations information.) Assume the spoiled units have no disposal value. Read the requirements. Requirement 1. What is the unit cost of making the 35,000 globes? The unit cost of making 35,000 globes is Data table Total globes manufactured Globes rejected as spoiled units Total manufacturing cost $ 35,000 850 700,000 Requirements 1. What is the unit cost of making the 35,000 globes? 2. What is the total cost of the 850 spoiled units? 3. If the spoilage is considered normal, what is the increase in the unit cost of good globes manufactured as a result of the spoilage? 4. If the spoilage is considered abnormal, prepare the journal entries for the spoilage incurred. Print Done - X

Southwest Toys manufactures globes at its San Fernando facility. The company uses job costing and provides you with the following information regarding operations for April 2020: (Click the icon to view the operations information.) Assume the spoiled units have no disposal value. Read the requirements. Requirement 1. What is the unit cost of making the 35,000 globes? The unit cost of making 35,000 globes is Data table Total globes manufactured Globes rejected as spoiled units Total manufacturing cost $ 35,000 850 700,000 Requirements 1. What is the unit cost of making the 35,000 globes? 2. What is the total cost of the 850 spoiled units? 3. If the spoilage is considered normal, what is the increase in the unit cost of good globes manufactured as a result of the spoilage? 4. If the spoilage is considered abnormal, prepare the journal entries for the spoilage incurred. Print Done - X

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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Question

Southwest Toys manufactures globes at its San Fernando facility. The company uses job costing and provides you with the following information regarding operations for April 2020:
(Click the icon to view the operations information.)
Assume the spoiled units have no disposal value.
Read the requirements.
Requirement 1. What is the unit cost of making the 35,000 globes?
The unit cost of making 35,000 globes is
Data table
Total globes manufactured
Globes rejected as spoiled units
Total manufacturing cost
$
-
35,000
850
700,000
X
Requirements
1.
2.
3.
If the spoilage is considered normal, what is the increase in the unit cost of
good globes manufactured as a result of the spoilage?
What is the unit cost of making the 35,000 globes?
What is the total cost of the 850 spoiled units?
4.
If the spoilage is considered abnormal, prepare the journal entries for the
spoilage incurred.
Print
Done
- X

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