Michael's Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each ii) Other manufacturing costs incurred during October:
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- Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking &Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units.The following details relate to production for the month of October 2020, for the Baking Department.i) Work-in-process, October 1: -0-ii) Transfer from Moulding: 2,000 units valued at $336.40 eachiii) Other manufacturing costs incurred during October:Direct material addedDirect Manufacturing WagesManufacturing Overhead Applied$202,120$212,840$306,160iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from theBaking Department are deemed to be scrap and sold at $382 each.v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the followingdegree of completion:From MouldingDirect material addedConversion costs100%40%12½%vi) 1,200 pieces were completed and transferred out to the Spraying…Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units.The following details relate to production for the month of October 2020, for the Baking Department.i) Work-in-process, October 1: -0-ii) Transfer from Moulding: 2,000 units valued at $336.40 eachiii) Other manufacturing costs incurred during October:Direct material added $202,120Direct Manufacturing Wages $212,840.Manufacturing Overhead Applied $306,160iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each.v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion:From Moulding 100%Direct material…Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October:Direct material added $202,120Direct Manufacturing Wages $212,840Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion:From Moulding 100%Direct material added 40%Conversion costs 12½% vi) 1,200 pieces were completed and…
- Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October:Direct material added $202,120Direct Manufacturing Wages $212,840Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion:From Moulding 100%Direct material added 40%Conversion costs 12½% vi) 1,200 pieces were completed and…Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units.The following details relate to production for the month of October 2020, for the Baking Department.i) Work-in-process, October 1: -0-ii) Transfer from Moulding: 2,000 units valued at $336.40 eachiii) Other manufacturing costs incurred during October:Direct material addedDirect Manufacturing WagesManufacturing Overhead Applied$202,120$212,840$306,160iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each.v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion:From MouldingDirect material addedConversion costs100%40%12½%vi) 1,200 pieces were completed and transferred out to the…Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October:Direct material added $202,120Direct Manufacturing Wages $212,840Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion:From Moulding 100%Direct material added 40%Conversion costs 12½% vi) 1,200 pieces were completed and…
- Michael's Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each ii) Other manufacturing costs incurred during October: $202,120 $212,840 Direct material added Direct Manufacturing Wages Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12½% vi) 1,200 pieces were completed and transferred out…Michael's Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October: Direct material added $202,120 Direct Manufacturing Wages $212,840 Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12%% vi) 1,200 pieces were completed and transferred out…Michael's Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October: Direct material added $202,120 Direct Manufacturing Wages $212,840 Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12%% vi) 1,200 pieces were completed and transferred out…
- Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October: Direct material added $202,120 Direct Manufacturing Wages $212,840 Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12½%…Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October: Direct material added Direct Manufacturing Wages Manufacturing Overhead Applied $202,120 $212,840 $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding Direct material added Conversion costs 100% 40% 12½% vi) 1,200 pieces were completed and transferred…Answer d and e only. Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated fromgood units. The following details relate to production for the month of October 2020, for the Baking Department. i) Work-in-process, October 1: -0- ii) Transfer from Moulding: 2,000 units valued at $336.40 each iii) Other manufacturing costs incurred during October: Direct material added $202,120Direct Manufacturing Wages $212,840Manufacturing Overhead Applied $306,160 iv) Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. v) At inspection 300 decorative pieces were rejected as scrap. These units had reached the followingdegree of completion: From Moulding 100%Direct material added 40%Conversion costs…