Solution-Create production cost report for the packaging

Create production cost report for the packaging department

Assignment Help Managerial Accounting

Reference no: EM132510015

Marine Supply Company manufactures boat products. Its products move through two departments: development and packaging. Production and cost data for the packaging department are as follows:

Work in process inventory, March 1 (16,000 units)

Costs transferred in $18,480

Materials cost $5,440

Conversion costs (30% complete) $3,584

Costs incurred in March

Transferred in (200,000 units) $150,000

Materials cost $68,000

Conversion costs $112,000

All materials are added at the beginning of the packaging process. Ending inventory consists of 24,000 units, materials - 100% complete, and conversion - 60%.

Question 1: Create a production cost report for the packaging department for March. Use the average cost method.

Reference no: EM132510015

Questions Cloud

Estimate the total fixed overhead costs of the company : If Aldridge expects to produce and sell 30,000 units per month for the foreseeable future, should they lease the new machine? Why?

Determining the annual savings-aqua systems inc : Aqua Systems Inc expects to have $15,576,675 in credit sales during the coming year. Currently all checks are sent to the home office.

Evaluate direct materials and conversion equivalent units : If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units

Cash flows in project-giant equipment ltd : Which project should the company select and why?

Create production cost report for the packaging department : Create a production cost report for the packaging department for March. Use the average cost method. Marine Supply Company manufactures boat products.

Illustrate journal entries for the summarized transactions : Use T-accounts to illustrate the journal entries for the above summarized transactions. Diaz Company employs a job cost system.

Determine theoretical price of three-month silver futures : Assuming that there is no storage or transaction cost, determine the theoretical price of the three-month silver futures

Write a response indicating the position : In pricing your services, should you include charges for the truck, the barn, the land, and your mother's services when calculating your product cost?

CSCI 6660 Artificial Intelligence Assignment : CSCI 6660 Artificial Intelligence Assignment Help and Solution, University of New Haven - Assessment Writing Service

User Account

All Pages

Create production cost report for the packaging department

Reference no: EM132510015

Reference no: EM132510015

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT