Reference no: EM133240583
Question - Managerial Accounting Discussion
Description - All work should be completed and submitted in an Excel file. No specific structure is necessary for the spreadsheet, as long as I can easily recognize your answers and follow your process of reasoning.
Mirror Products manufactures mirrors and uses a standard process costing system.
The following production and cost data are based on June 2022. This information represents the standard cost of one unit:
Direct material 6.50SAR
Conversion 12.50SAR
Total manufacturing cost 19.00SAR
Beginning WIP 20,000 units (100% DM; 80% conversion)
Started in June 180,000 units
Completed in June 140,000 units
Ending WIP ??? (100%DM 60% conversion)
Actual costs for June:
Direct material 1,500,000SAR
Conversion 2,000,000SAR
Total actual cost 3,500,000SAR
Required -
1. Prepare an equivalent unit of production schedule.
2. Prepare a cost of production report and assign costs to goods transferred and to inventory.
3. Compute the direct material variance and conversion cost variance. Show all work. What is the total amount to be booked against the cost of goods sold?
4. Based on your analysis above, does this product appear to be a good source of income for the firm? Should it continue operations? Why or why not?
|
Impact on foreign business operating
: Go to the website of The Economist , click on the 'menu' tab link, and choose a region of the world other than the United States (e.g., Asia, the Americas, Midd
|
|
Give an example of component lifestyles
: Give an example of component lifestyles based on someone you know. What is the purpose of environmental scanning? Give an example
|
|
What about your organization might hinder success
: This journal entry should relate to the moral problem that you are addressing in your memo. What about your organization might hinder success
|
|
Did you struggle with ranking any of rights
: Which rights should be ranked higher. Which rights should be ranked lower? Did you struggle with ranking any of the rights? Which ones and why?
|
|
Compute the direct material variance and conversion cost
: Compute the direct material variance and conversion cost variance. Show all work. What is the total amount to be booked against the cost of goods sold
|
|
Discuss christa liquidity requirements
: Discuss Christa's liquidity requirements. Determine Christa's return requirement and evaluate whether her portfolio can be expected to satisfy
|
|
Bring joy to society and community
: Making Variety of malls, shopping centers, restaurants, food chains and grocery stores. will Bring joy to a society and community?
|
|
Describe something about the budget
: Describe something about the budget or a topic covered in the budget that you found surprising
|
|
What are the main characteristics of this form of business
: Business Law Case Study - What are the main characteristics, advantages, and disadvantages of this form of business organization
|