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Accounting for Spoiled Goods and Rework by Mikee Rizon is a document available to read on EtoBox.

1) Spoilage caused by a customer change is fully charged to that specific job, less any resale value. Spoilage from internal causes is charged to Factory Overhead, less resale value. Abnormal spoilage beyond acceptable levels is charged to a Loss account. 2) Rework costs caused by a customer change are added to the specific job cost. For a job requiring security marks, direct labor and overhead for rework were added to Work in Process and the total job cost. 3) Accounting entries record spoilage or rewo

Author

Mikee Rizon

Language

EN