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makes custom wood ta informatioei Custom wood tables and utilizes a job-order costing system. The following sta combination: cost with respect to the production of
makes custom wood ta informatioei Custom wood tables and utilizes a job-order costing system. The following sta combination: cost with respect to the production of one type X office desk and shelf Direct materials Direct labor Overhead (ALL FIXED) 3 yards@ 5 hours $10 per yard $20 per hour Applied at rate of $10 per direct labor hour JOB 123, from a specialty furniture retailer, called for the production of 10 Type X office desk Systems. JOB 678 from a different retailer called for the production of 12 of these same In all of the situations desks. to on the job cost card) in question WMP REQUIRED 1. What is spoilage? 2. What is normal spoilage? How is the amount determined? How is this accounted for before the period? How is it accounted for during the period? How is it accounted for at the end of the period? 3. What is abnormal spoilage? How is the amount determined? How is this accounted for before the period? How is it accounted for during the period? the period? How is it accounted for at the end of 4. In #2 and #3 above, how are your answers different if spoilage product is salable? 5. How much is the unit cost of ONE Type X office desk above? 6. How much is the expected cost of JOB 123? 7. During the producon ofJ81232 yards of wood were spl tat the lob reguired mare wood might be split as part of the production process, and accordingly, this s considered normal. The split wood cannot be resold and must be ood and one half hour to replace these split pieces. On average, when producing desks, up spolage on JOB 123 i Assuming that this was all charged to the WIP for the job
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