Business, 27.11.2019 00:31 edgar504xx

Jellyfish machine shop is a manufacturer of motorized carts for vacation resorts.
patrick cullin, the plant manager of jellyfish, obtains the following information fo r job # 10 in august 2014.
a total of 46 units were started, and 6 spoiled units were detected and rejected at the final inspection, yielding 40 good units. the spoiled units were considered to be normal spoilage.
costs assigned prior to the inspection poi nt are $1,100 per unit. the current disposal price of the spoiled units is $235 per unit.
when the spoilage is detected, the spoiled goods are inventoried at $235 per unit.

answer the following questions:

1. what is the normal spoilage rate?

2. prepare the jo urnal entries to record the normal spoilage, assuming the following:

a. the spoilage is related to a specific job.

b. the spoilage is common to all jobs.

c. the spoilage is considered to be abnormal spoilage.

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Jellyfish machine shop is a manufacturer of motorized carts for vacation resorts.
patrick cul...

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