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Coral Reef Machine Shop is a manufacturer of motorized carts for vacation resorts. Patnok Cullin, the plant manager of Coral Reef, obtains the following information

image text in transcribed Coral Reef Machine Shop is a manufacturer of motorized carts for vacation resorts. Patnok Cullin, the plant manager of Coral Reef, obtains the following information for Job #10 in August 2017. A total of 35 units were started, and 7 spoiled units were detected and rejected at final inspection, yielding 28 good units. The spoled units were considered to be normal spollage Costs assigned prior to the inspection point are $1,250 per unit. The current disposal price of the spoiled units to $230 per unit. When the spoilage is detected, the spoiled goods are inventored at $230 per unit Read the requirements Requirement 1. What is the normal spoilage rate? Select the formula, then calculate the normal spoilage rate (Round the percentage to the nearest tenth percent, XX%) me solve this Etext pages Get more help. Normal spoilege rabe Requirements 1. What is the normal sport? 2. Prepare the journal entries to record the normal spoilage, attuming the following a. The spoilage is related to a specific job b. The spoilage is common to all jobs The spoilage is considered to be abnormal spolage Print Done

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