Answers
Question 1
$0
Question 2
A decrease to manufacturing overhead control
Question 3
Both A and C are correct
Batches of similar products where each batch is a variation of a single design
A suit-making operation
Question 4
a) reworked units.
Question 5
c) as a detailed item on the income statement.
Question 6
c) scrap.
Question 7
d) $320 of spoilage is eventually charged out to all good units produced in the period
Question 8
b) False
Question 9
b) False
Question 10
b) False
Question 11
Cost of Goods Sold$1,045,000
Finished Goods control
$1,045,000
Question 12
a) True
Question 13
a) True