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Robotoys Incorporated manufactures and distributes small robotic toys.Reworked units are common.The average cost of the reworked orders is $11.30: $4.15 for labour, $5.00 for more materials, and $2.15 for overhead.This ratio of costs holds for the average original order.On a recent day, the shop reworked 83 orders out of 700.The original cost of the 83 orders totaled $1,909.The average cost of all orders is $24.34, including rework, with an average selling price of $34.50.Required:
Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control.Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.
Emotions
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Logical Analysis
The systematic examination of arguments and information by distinguishing between valid and fallacious reasoning.
Emotions
Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience, influencing decision-making and interpersonal relations.
Workplace Experiences
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