e Cost Cycle and Accounting for Production Lasses

$333$

ind $8$ are based on the following data:

$45$ called for the making of $7,000$ units with these unit costs:

$\backslash$table$[[$materials$,19\mathrm{.}60],[$labor$,17\mathrm{.}20],[$facturing overhead $($includes a P$1$ allowance,$14\mathrm{.}80]]$

batch was completed, $350$ rejected units were sold for reasc spoilage at P$15\mathrm{.}60$ each. A separate work in process accoun each cost element.

journal entry to record the spoilage loss if it is due to inte re because of machine breakdown $($round off all amounts to est peso$)$:

Spoiled Goods Inventory

Manufacturing Overhead Control

$5,460$

$12,600$

Work in Process $-$ materials

Work in Process $-$ payroll

Work in Process $-$ applied manufacturing overhead

Spoiled Goods Inventory

$5,460$

Work in Process $-$ materials

Work in Process $-$ payroll

Work in Process $-$ applied manufacturing overhead

Manufacturing Overhead Control $18,060$

Work in Process $-$ materials

Work in Process $-$ payroll

Work in Process $-$ applied manufacturing overhead

$10,920$

Spoiled Goods Inveniory

Work in Process $-$ materials

Work in Process $-$ payroll

Work in Process $-$ applied

manufacturing overhead