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How the certain amount of spoilage occurs

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Problem 1: Describe how the following occurrences should be accounted for based on the fact pattern presented:

a. Certain accounts of spoilage and waste are normal in the production system and affect all jobs.

b. A certain amount of spoilage occurs that is unique to a particular job. There is no disposal value for the spoiled units.

c. Because of a non-routine malfunction in a production machine, a number of products in the Work in Process Inventory were ruined. The quantity of work lost is assumed to be abnormal. There is some salvage value for the spoiled units.

Reference no: EM132664932

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