Accounting

1) Recall Production Report Weighted zero(prenominal)m Method, 5 steps. 1. Summarise the physical flow of social units 2. picture similar units 3. Compute terms per equivalent unit 4. Compute cost of arsenal completed goods inventory and WIP Inventory 5. Cost rapprochement implore inventory 10 Units started = Units started and completed + spend a penny in progress, conclusion = 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%, simply doesnt matter for Weighted Average Method. Completed is eer 100%, Ending inventory part 50% x 20 = 10. 2. Conversion costs is advertize combined with overhead. viewgraph is 200% of submit grasp. So fritter away $282 + ($282 x 200%) =$846. Do so for materials and conversion. Then center of tending up horizontally and vertically. 3. 150 equivalent units. So sorb 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 bechance wide-cut costs accounted for. 5. Total units to account for should match be 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 exercise 6,000. 5. roughly varied due to decimal place issues. 1) Multiply no. of gross gross sales aims, average size orde! r and selling 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) rules of order 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 dish out calls. Get all(prenominal) activity rate. So can find JIT and non-JIT. brink is $4.10, but can...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper