Fill in the missing information

Assignment Help Finance Basics

Reference no: EM1350347

Marion Chemicals produces a chemical used as a base in paints.In the manufacturing process, all materials are added at the start of the process,whereas labor and overhead are added evenly throughout production.

Required
Fill in the missing information in Marion's Production Cost Report for the month of December

Marion Chemicals

Production Cost Report

December 2011

Unit Reconciliation
Units in beginning WIP (100% material, 10% conversion costs) 8,000
Units started during December ?
Units to account for ?
Units completed ?
Units in ending WIP (100% material, 20% conversion costs) 4,000
Units accounted for ?

Cost per Equivalent Unit Calculation

Material Labor Overhead Total
Cost
Beginning WIP $45,200 $10,500 $26,300 $ 82,000
Cost incurred in December ? ? ? ?
Total ? ? ? ?
Units
Units completed ? ? ?
Equivalent units, ending WIP ? ? ?
Total ? ? ?
Cost per equivalent unit $1.70 $1.32 $2.64 ?
Cost Reconciliation
Total cost to account for $2,896,568
Cost of completed items $2,886,600
Cost of ending WIP
Material $?
Labor ?
Overhead ? ?
Total cost accounted for $2,896,568

Reference no: EM1350347

Questions Cloud

Explain what type of cultural shock should they expect : Explain what type of cultural shock should they expect and How would you help them alleviate this stress?

What are conflict handling techniques : What are some conflict handling techniques and when are they appropriate to use and what are the positive and negative impacts?

What is the magnitude of the cable tension : Consider a weathered rock or soil particle lying on a slope. How would the gravitational force pulling the particle downward along the land surface vary with the inclination of the slope.

Compute the price elasticity of demand for einstein''s bagels : Compute the price elasticity of demand for Einstein's Bagels and explain what it means and Derive an expression for the (inverse) demand curve for Einsteins's Bagels.

Fill in the missing information : Marion Chemicals produces a chemical used as a base in paints. In the process, all materials are added at the start of the process,

Role of power in an organization : How does the ways in which a manager uses power affect subordinates and why is conflict both good and bad for an organization, and what are the main conflict resolution strategies?

How many spectral lines will the atom exhibt : A patients blood pressure is measured as 140 / 80, measured in level with the heart. What would you expect the blood pressure to be at the top of the head if there is a 45cm height difference in the two points. Density of blood is 100kmm-3. Give r..

Question about conflict management strategies : Show three conflict management strategies focused on individuals that managers can use to reduce or eliminate conflict within organizations.

Determination of net cash flow : Shop til you drop inc recently reported net income of $5.2 million and depreciation of $600,000, determine the net cash flow assume it has no amortization cost?

User Account

All Pages