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Author Question: Springfield Sign Shop manufactures only specific orders. It uses a standard cost system. During one ... (Read 120 times)

Anajune7

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on: Mar 6, 2021
Springfield Sign Shop manufactures only specific orders. It uses a standard cost system. During one large order for the airport authority, an unusual number of signs were spoiled. The normal spoilage rate is 10% of units started. The point of first inspection is half way through the process, the second is three-fourths through the process, and the final inspection is at the end of the process. Other information about the job is as follows: 

Signs started3,000
Signs spoiled450 

Direct materials put into process at beginning$ 60,000
Conversion costs for job$120,000
Standard direct material costs per sign$27
Standard conversion cost per sign$54
Average point of spoilage is the 3/4 completion point
Average current disposal cost per spoiled sign$15

Required: 
Make necessary journal entries to record all spoilage.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Anajune7 on Mar 6, 2021

memslove

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Anajune7

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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