26 Jan 1) In manufacturing its products for the
1) In manufacturing its products for the month of September 2008, El Dorado
Corporation incurred normal spoilage of $7,000 and abnormal spoilage of $3,000.
How much spoilage cost should El Dorado charge as
inventoriable for the month of September 2005?
(please show calculation)
a. $0
b. $3,000
c. $7,000
d. $10,000
2)[CPA Adapted] Spoilage from a manufacturing process was discovered during an inspection of work-in-process. In a process-costing system, the cost of the spoilage would be added to the cost of the good units produced if the spoilage is: (please explain why)
Normal Abnormal
a. Yes Yes
b. Yes No
c. No No
d. No Yes
3) Spoilage that is an inherent result of the particular production process and arises under efficient operating conditions is referred to as:
A) ordinary spoilage
B) normal spoilage
C) abnormal spoilage
D) None of these answers is correct.
4) Spoilage that should NOT arise under efficient operating conditions is referred to as:
A) ordinary spoilage
B) normal spoilage
C) abnormal spoilage
D) None of these answers is correct.
5)Assume the manufacturing cost of the spoiled goods is $6,000. The journal entry to record the spoilage is
a. Manufacturing Overhead Control 6,000
Work-in-Process 6,000
b. Materials Control 6,000
Work-in-Process 6,000
c. Loss from Abnormal Spoilage 6,000
Work-in-Process 6,000
d. Finished Goods 6,000
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