Create or prepare cost of production report

Assignment Help Cost Accounting
Reference no: EM132562491

Al Amar company uses process costing system cost of department 2 for the month of May are as follows:

Department 2 has 5000

units

Cost from Proceeding Department 30,000

Cost Added:

Direct Material 20,000

Direct Labor 7,000

Factory Overhead 4000

The degree of completion of work in process:

50% Units were 40% complete

20% units are 30% complete

Balance of the units were 20% complete

Question 1: Prepare cost of production report

Reference no: EM132562491

Questions Cloud

Preparation process for executive protection mission : You need to create the advance planning and preparation process for your executive protection mission.
Review problem based on financial statement analysis : Financial Statement Analysis: The financial statement analysis is due in Week Six. To help you begin your preparation of this work, select a company that you.
How to predicted income statement for the year : The company receives a special order of 20,000 bags at $9 a bag. A Predicted Income Statement for the year without this special order follows
Prepare the journal entries in relation to the equipment : Required - Prepare the journal entries in relation to the equipment from the date of acquisition to the date of disposal
Create or prepare cost of production report : How to Prepare cost of production report. Al Amar company uses process costing system cost of department 2 for the month of May
What are benefits of improving employee financial literacy : Discuss the following scenario: Staff members from the marketing department of your firm are doing a splendid job selling products to customers.
How much has the volume to increase for the sale : The retailer pays $29 per blender from the manufacturer. How much has the volume to increase for the sale to maintain profits?
Review problem based on 10-k ford motor company : Review Ford Motor Company's Form 10-K for 2012. Explain the purpose of a company's 10-K and how it interprets the firm's financial strength.
Find what would be the value of ending inventory : What would be the value of ending inventory? Inventory, beginning of period$250,000 Purchases to date of earthquake 200,000

Reviews

Write a Review

Cost Accounting Questions & Answers

  Calculate the effect on superego ltds profit

Calculate the total amount allocated to the Audit department and Calculate the total dollar amount of Supervisions cost that would have been allocated to the Shapez product line, if activity-based costing had been used in the last quarter.

  Calculate the restaurant internal rate of return

Use Excel or a similar spreadsheet application to calculate the restaurant's internal rate of return over the franchise's 15-year life.

  Entry is required for a particular transaction

Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in w..

  Classifying events as asset source

Classifying events as asset source - Receive cash from customers for services rendered

  Compute the volume in units and the dollar sales level

Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.

  Compare the managements expected costs to actual job costs

Compare the actual job costs to management's expected costs, and report your results.

  What is irr for project if tax rate is twenty-three percent

You will be able to reduce working capital by $99,000 (this is a one-time reduction). If the tax rate is 23 percent, what is the IRR for this project?

  Following sales forecast and production budget

Rad Co. provides the following sales forecast and production budget for the next four months:

  Compute costs per equivalent unit for september for mixing

Determine the equivalent units for September for mixing and material. Compute the costs per equivalent unit for September for mixing, materials, and conversion.

  Determine the total costs per billable hour

What are the estimated direct materials, direct labor, variable overhead, and fixed overhead costs for year 2 - Determine the total costs per billable hour for year 1 and year 2.

  Define lines-ice cream sandwiches

Assume that the Oregon Ice Cream Company is considering the costs of two of their product lines-ice cream sandwiches and dessert bars

  Identify and critique possible responses

The owner of Duck Brewery now knows that the price for Nut Ale is "below cost" and that the product is reporting a net loss. Identify and critique possible

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd