Boutin Company Uses a Job Costing System

question 60

Essay

Boutin Company uses a job costing system.During October, the following costs are incurred on Job 110 to manufacture 200 motors:
Original costs:
Manufacturing overhead allocated
Direct cost of reworking 10 motors:
Required:
a.Prepare the journal entry to record the rework costs, assuming the rework is attributable specifically to Job 110.
b.Compute the cost per finished motor for Job 110, assuming the rework is attributable specifically to this job.
c.Prepare the journal entry to record the rework costs, assuming the rework is common to all jobs.
d.Compute the cost per finished motor for Job 110, assuming the rework is common to all jobs.

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Definitions:

Argument By Anecdote

Using personal stories as evidence in an argument, which may not be representative or reliable data for general conclusions.

Stereotyping

Making generalized beliefs or assumptions about the characteristics of all members of a group, based on an image about what people in that group are like.

Marian Breland

A pioneering psychologist known for her work in the field of animal behavior and the development of applied behavior analysis.

Keller Breland

A psychologist known for applying principles of behaviorism to train animals, pioneering the field of applied animal psychology.