Business, 19.05.2021 18:10 theledfords855
Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 20x3 are as follows:
WIP, beginning inventory 12/1/20x3 10,000 units
Direct materials (100% complete)
Conversion costs (75% complete)
Started during December 40,000 units
Completed and transferred out 12/31/20x3 38,400 units
WIP, ending inventory 12/31/20x3 8,000 units
Direct materials (100% complete)
Conversion costs (65% complete)
Costs for December:
WIP, beginning Inventory:
Direct materials $50,000
Conversion costs 30,000
Direct materials added 100,000
Conversion costs added 140,000
Required:
a. What is the number of total spoiled units?
b. What is the normal spoilage totals?
c. What is the abnormal spoilage totals?
Answers: 3
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Craft Concept manufactures small tables in its Processing Department. Direct materials are added at...
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