Journal entries for both normal and abnormal rework. Given information: Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76. Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Question

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Answer 1

Question

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

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Answer 2

Question

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Expert Solution & Answer

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Answer 5

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 6

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 7

Chapter 18, Problem 18.40P

1

To determine

To prepare: Journal entries for both normal and abnormal rework.

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 8

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 9

2

To determine

The total rework cost of controllers in august 2014

Given information:

Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 10

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 11

3

To determine

Total cost of controller and cost per unit as well as prepare journal entries for order received from Australia

Given information:

An order received for 200 units of controllers from Australia along with regular routine work. Cost of manufacturing one controller is $220. This cost includes direct materials at the rate of $120, direct manufacturing labor at the rate $24 and manufacturing overhead at the rate of $76.

Cost of rework is $72. This cost includes direct materials at the rate of $24, direct manufacturing labor at the rate $18 and manufacturing overhead at the rate of $30.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 18 - Why is there an unmistakable trend in...Ch. 18 - Distinguish among spoilage, rework, and scrap.Ch. 18 - Normal spoilage is planned spoilage. Discuss.Ch. 18 - Costs of abnormal spoilage are losses. Explain.Ch. 18 - What has been regarded as normal spoilage in the...Ch. 18 - Units of abnormal spoilage are inferred rather...Ch. 18 - In accounting for spoiled units, we are dealing...Ch. 18 - Total input includes abnormal as well as normal...Ch. 18 - Prob. 18.9Q Ch. 18 - The unit cost of normal spoilage is the same as...

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Chapter 18 Solutions