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Tykes is a manufacturer of propellers. They use a job costing system. During July, they...

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Accounting

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Tykes is a manufacturer of propellers. They use a job costing system. During July, they incurred the following costs to manufacture 200 propellers on Job #50. $ Original costs: Direct materials Direct manufacturing labour Manufacturing overhead allocated (150% of direct manufacturing labour) Total 3,300 4,000 6,000 13,300 $ $ Direct costs of reworking 10 propellers basketballs: Direct materials Direct manufacturing labour Total 500 800 1,300 $ Required: 1) Prepare the journal entry to record the rework costs, assuming the rework is specifically attributable to Job # 50. (4 marks) 2) Compute the cost per finished propeller for Job #50, assuming the rework is attributable speficially to this job. (4 marks) 3) Prepare the journal entry to record the rework costs, assuming the rework is common to all jobs. (4 marks) 4) Compute the cost per finished motor for Job #50, assuming the rework is common to all jobs. (4 marks)

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