What is the journal entry to record the costs

Reference no: EM131896407

Problem

Kwon Products, Inc. makes circuit boards. Job 11M (1,000 boards) had the following costs:

DM $12.00 per board
DL 6.00 per board
MOH 4.00 per board
$22.00 Total

When the boards were tested, 50 were found to be defective. The boards had to be sent out to an vendor for repair. The vendor charged $6.00 per board for the repairs.

a. If the 50 defects were found in multilple jobs worked on during the period, what's the journal entry to record the rework costs?

b. If all 50 defects were found in Job 11M, what's the journal entry to record the costs?

c. What's the final cost per circuit board in Job 11M if defects were not related specifically to Job 11M?

d. What's the final cost per circuit board in Job 11M if defects were related specifically to Job 11M?

Reference no: EM131896407

Questions Cloud

Journalize and post the adjusting entries : Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2017. During July, the company completed. Journalize and post the adjusting entries.

Describe the mission and vision of the organization : Pick a company to be a consultant. Provide an overview of the organization, context, and issues/concerns you plan to address.

Why have physicians developed their own specialty hospitals : Why have physicians developed their own specialty hospitals? What legal issues can arise when physicians have an ownership interest in a hospital?

Compute the predetermined overhead rate for the year : Compute the predetermined overhead rate for the year - Privack Corporation has a standard cost system in which it applies overhead to products

What is the journal entry to record the costs : Kwon Products, Inc. makes circuit boards. Job 11M (1,000 boards) had. If all 50 defects were found in Job 11M, what's the journal entry to record the costs?

Describe the features that most impressed you : Describe the features that most impressed you--in an outline or list format.

House call doctors is the plan simple and succinct : Some physician Do Make House Calls Remember the days long time ago when a physician, carrying their black bag, going to individual patients house .

Analyze and find two learning and two improvement ideas : Pick any layout or process(e.g. M&S, Starbucks). Analyze & find 2 learning, 2 improvement ideas.

Prepare end of fiscal year general journal closing entries : Use this information to compute the adjustments and then prepare the end of the fiscal year general journal closing entries

User Account

All Pages