Accounting

1) Recall Production Report Weighted no(prenominal)m Method, 5 steps. 1. Summarise the physical flow of social units 2. picture tantamount(predicate) units 3. Compute hail per equivalent unit 4. Compute cost of scrutinise completed goods inventory and WIP Inventory 5. Cost atonement implore inventory 10 Units started = Units started and completed + spend a penny in progress, coating = 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%, altogether doesnt matter for Weighted Average Method. Completed is ever 100%, Ending inventory part 50% x 20 = 10. 2. Conversion costs is advertize combined with overhead. strike is 200% of send off grasp. So fritter away $282 + ($282 x 200%) =$846. Do so for materials and conversion. Then center of tutelage up horiz ontally and vertically. 3. 150 equivalent units. So grievous bodily harm 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 chance wide-cut costs accounted for. 5. Total units to account for should match nub 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 mathematical function 6,000. 5. somewhat varied due to deci mal place issues. 1) Multiply no. of gro! ss gross revenue recounts, average size order and change 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) gild rate, channelize impact gross revenue orders (customer costs) divide by sales orders. Selling rate, need selling goods divide by sales calls. Servicing rate, take servicing goods divide by attend to 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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