sandy cart shop is a manufacturer of motorized carts for vacation resorts.
Question Help Sandy Cart Shop is a manufacturer of motorized carts for vacation resorts. Patrick Culin, the plant manager of Sandy, obtains the following information for Job #10 in August 2017. A total of 60 units were started, and 10 spoiled units were detected and rejected at final inspection, yielding 50 good units. The spoiled units were considered to be normal spoilage. Costs assigned prior to the inspection point are $1,050 per unit. The current disposal price of the spoiled units is $215 per unit. When the spoilage is detected, the spoiled goods are inventoried at $215 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, X.X%.) = Normal spoilage rate % Requirement 2. Prepare the journal entries to record the normal spoilage, assuming the following: a. The spoilage is related to a specific job. b. The spoilage is common to all jobs. c. The spoilage is considered to be abnormal spoilage. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The spoilage is related to a specific job. Journal Entry Accounts Debit Credit then continue to the next question Sandy Cart Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Sandy, obtains the follo at final inspection, yielding 50 good units. The spoiled units were considered to be normal spoilage. Costs assigned prior to the inspect spoiled goods are inventoried at $215 per unit. Read the requirements. b. The spoilage is common to all jobs. Journal Entry Accounts Debit Credit c. The spoilage is considered to be abnormal spoilage. Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search