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eBook Cost of Spoiled Units Lieu Company is a specialty print shop. Usually printing jobs are priced at standard cost plus 50 percent. Job 631

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eBook Cost of Spoiled Units Lieu Company is a specialty print shop. Usually printing jobs are priced at standard cost plus 50 percent. Job 631 Involved printing 500 wedding Invitations with the following standard costs: $300 Direct materials Direct labor 50 Overhead 150 Total $500 Normally, the invitations would be taken from the machine, the top one inspected for correct wording, spelling, and quality of print, and all of the invitations wrapped in plastic and stored on shelves designated for completed jobs. In this case, however, the technician decided to go to lunch before inspecting and wrapping the job. He stacked the unwrapped invitations beside the printing press and left. One hour later, he returned and found the invitations had fallen on the floor and been stepped on. It turned out that about 30 Invitations were ruined and like to be discarded. An additional 30 Invitations were then printed to complete the job Required: 1. Calculate the cost of the spoiled Invitations. It required, round your answer to the nearest cent. 2. What is the price of Job 6317 3. Suppose that another job, 705, also required 500 wedding invitations. The standard costs are identical to those of Job 631. However, Job 705 required an unusual color of ink that could only be obtained in a formula that was difficult to use. Le printers know from experience that getting this ink color to print correctly requires trial and error. In the case of Job 70s, the first 30 invitations had to be discarded due to inconsistencies in the color of ink. What is the cost of the spoilage If required, round your answer to the nearest cent. 4. What is the price of Job 7057 It required, round your answer to the nearest cent. Previous Next Overhead 150 Total $500 Normally, the invitations would be taken from the machine, the top one inspected for correct wording, spelling, and quality of print, and all of the invitations wrapped in plastic and stored on shelves designated for completed jobs. In this case, however, the technician decided to go to lunch before inspecting and wrapping the job. He stacked the unwrapped invitations beside the printing press and left. One hour later, he returned and found the invitations had fallen on the floor and been stepped on. It turned out that about 30 invitations were ruined and had to be discarded. An additional 30 invitations were then printed to complete the job Required: 1. Calculate the cost of the spoiled invitations. It required, round your answer to the nearest cent. 2. What is the price of Job 631? 3. Suppose that another job, 705, also required 500 wedding invitations. The standard costs are identical to those of Job 631. However, Job 705 required an unusual color of ink that could only be obtained in a formula that was difficult to use Leu printers know from experience that getting this ink color to print correctly requires trial and error. In the case of Job 705, the first 30 invitations had to be discarded due to inconsistencies in the color of ink. What is the cost of the spallage? It required, round your answer to the nearest cent. 4. What is the price of Job 7057 If required, round your answer to the nearest cent

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