The manager at Rainbow International prepares a Cost ol Quality report to report the folowing expenses Inspection of raw material costs Warranty costs warranty daims Cost to dispose of rejected products Train hourly manudacturing personnel Rework of batch a2804 Production losses due to machine malfunctions Cost of defective products found at inspection audit Inspecting products when halhway through the production process S28.000 $8.000 $220.000 $12.000 S60.000 $160,000 S23.000 $82.000 Which of the following total cost is the total cost of quaity in the intenal talre cost category? OA S277,000 OB. $36,000 OC. S60.000 OD. $503,000 OE S20,000

The manager at Rainbow International prepares a Cost ol Quality report to report the folowing expenses Inspection of raw material costs Warranty costs warranty daims Cost to dispose of rejected products Train hourly manudacturing personnel Rework of batch a2804 Production losses due to machine malfunctions Cost of defective products found at inspection audit Inspecting products when halhway through the production process S28.000 $8.000 $220.000 $12.000 S60.000 $160,000 S23.000 $82.000 Which of the following total cost is the total cost of quaity in the intenal talre cost category? OA S277,000 OB. $36,000 OC. S60.000 OD. $503,000 OE S20,000

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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Goodman Productions manufacture coffee tables. They have provided the following visualization to assist in evaluating the applied manufacturing overhead vs. the actual manufacturing overhead incurred during the current fiscal period.
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answer numbers 12-15 with complete solution. incomplete answer will be given down vote
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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Questions 5-10. Classify the mentioned costs using the following letters: to. Preventionb. Evaluationc. Internal failured. External failure 5. Inspect the purchased raw material when it arrives at the factory. 6. Honor a customer's warranty for a defective product 7. Repair defective products before selling them (rework) 8. Cost of damaged units (spoilage) 9. Training of manufacturing employees 10. Maintenance of the manufacturing equipment every three months
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Use FIFO method
Illustrative Problem: SPOILED GOODS The GRAND CABINET COMPANY manufactures custom cabinets for homebuilders. During the current period, an order for 3,500 was begun as Job No. 2-54. Unit cost is as follows: Direct materials Direct labor Factory overhead (includes P1.00 allowance for spoiled units) Total P 19.60 17.20 2) If loss is special (specific order). 14.80 P 51.60 When the job was completed, 200 units were rejected and sold for P15.60 each. A separate work in process account is used for each cost element. Required: Journal entries under each of the following: T 1) If loss is due to internal failure (total production).