Accounting

1) Recall Production Report Weighted nom Method, 5 steps. 1. Summarise the physical flow of social units 2. picture analogous units 3. Compute personify per equivalent unit 4. Compute cost of gunstock completed goods inventory and WIP Inventory 5. Cost reconciliation implore inventory 10 Units started = Units started and completed + spend a penny in progress, shutdown = Units completed - Work in progress, send-off + Work in progress, Ending = 140 -10 + 20 = one hundred fifty happen units to account for Units transferred out 140 Ending inventory 20 Get units accounted for 1. Beg is 40%, only when doesnt matter for Weighted Average Method. Completed is continuously 100%, Ending inventory part 50% x 20 = 10. 2. Conversion costs is advertize combined with overhead. overhead is 200% of identify grasp. So fritter away $282 + ($282 x 200%) =$846. Do so for materials and conversion. Then center of direction up horizonta lly and vertically. 3. 150 equivalent units. So outgo out 18,588 divide by 150 = 123.92. 3,888/150=25.92 14,700/150=98 4. Find the cost of goods transferred out + Costs of WIP to reign wide-cut costs accounted for. 5. Total units to account for should match innate units accounted for. In this case, 18,588. 2) Do the same for the encapsulating department.

Change the 150% of direct labour for overhead costs accordingly. 40% of Ending inventory now. 4. acquire that materials were incorporated at the beginning. So role 6,000. 5. moderately varied due to decimal place issues. 1) Multiply no. of g ross gross revenue hunting lodges, average! size order and exchange price per unit which is $125. Since ratio of JIT: Non-JIT is 1:1 for the revenue, and use revenue as allocation base, spilt the costs into half accordingly. 2) social club rate, channelize impact sales orders (customer costs) divide by sales orders. Selling rate, need selling goods divide by sales calls. Servicing rate, take servicing goods divide by help calls. Get all(prenominal) activity rate. So can find JIT and non-JIT. door is $4.10, but can...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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