12/3/2018 Assume that a laborer dropped 400 cases. Suppose part of the 400 cases could be sold to a nearby prison for $400 cash. Prepare a journal entry to record this event. Calculate and explain briefly the unit cost of the remaining 1,600 cases. Refer to the original data. Tasters at the company reject 400 of the 2,000 cases. The 400 cases are disposed of for $800. Assume that this rejection rate is considered normal. a. Prepare a journal entry to record this event, and calculate the unit cost if the rejection is attributable 1. 2. to exacting specifications of this particular job. b. Prepare a journal entry to record this event, and calculate the unit cost if the rejection is characteristic of the production process and is not attributable to this specific job. c. Are unit costs the same in requirements 2a and 2b? Explain your reasoning briefly Refer to the original data. Tasters rejected 400 cases that had insufficient salt. The product can be placed in a vat, salt can be added, and the product can be reprocessed into jars. This operation, which is considered normal, will cost $400. a. Prepare a journal entry to record this event, and calculate the unit cost of all the cases if this 3. additional cost was incurred because of the exacting specifications of this particular job. Prepare a journal entry to record this event, and calculate the unit cost of all the cases if this additional cost occurs regularly because of difficulty in seasoning. b. c. Are unit costs the same in requirements 3a and 3b? Explain your reasoning briefly 12/3/2018 Assume that a laborer dropped 400 cases. Suppose part of the 400 cases could be sold to a nearby prison for $400 cash. Prepare a journal entry to record this event. Calculate and explain briefly the unit cost of the remaining 1,600 cases. Refer to the original data. Tasters at the company reject 400 of the 2,000 cases. The 400 cases are disposed of for $800. Assume that this rejection rate is considered normal. a. Prepare a journal entry to record this event, and calculate the unit cost if the rejection is attributable 1. 2. to exacting specifications of this particular job. b. Prepare a journal entry to record this event, and calculate the unit cost if the rejection is characteristic of the production process and is not attributable to this specific job. c. Are unit costs the same in requirements 2a and 2b? Explain your reasoning briefly Refer to the original data. Tasters rejected 400 cases that had insufficient salt. The product can be placed in a vat, salt can be added, and the product can be reprocessed into jars. This operation, which is considered normal, will cost $400. a. Prepare a journal entry to record this event, and calculate the unit cost of all the cases if this 3. additional cost was incurred because of the exacting specifications of this particular job. Prepare a journal entry to record this event, and calculate the unit cost of all the cases if this additional cost occurs regularly because of difficulty in seasoning. b. c. Are unit costs the same in requirements 3a and 3b? Explain your reasoning briefly
