User Account

All Pages

How to prepare a cost of production report

Assignment Help Managerial Accounting
Reference no: EM132550860

During April Department No.1 started productions of 45000 units. Cost added in department No.1 were: materials116,025, labour Rs. 127,125 and factory overhead Rs.84750. there was no beginning work in process inventory. Of the 45000 units 37,500 units were transferred to Department No 2. 6750 units were in process at the end of month (all materials, 2/3 converted). & 750 lost units were, at the time of loss, ½ completed as to material and conversion costs. The entire loss is considered as abnormal and is to be charged to factory overhead.

Required:

Question 1: Prepare a cost of production report

Reference no: EM132550860

Questions Cloud

What is the adjusting entry at December : If the company uses the percentage of sales basis to estimate bad debts expense and anticipates 3% of net sales to be uncollectible, what is the adjusting entry
Identify customers by their transactions : What are the different approaches retailers can use to identify customers by their transactions?
How much is the realized profit or loss on the transaction : You write one European Tesla July 330 call option contract (equalling 100 shares) for a premium of $7 shares. How much is the realized profit or loss
Review the information found in the 16-point GHS SDS : Prepare for transport of these materials and ensure proper shipping documentation based on DOT regulations (hazard class, descriptions
How to prepare a cost of production report : How to Prepare a cost of production report? During April Department No.1 started productions of 45000 units. Cost added in department No.1
Journalize the may transactions for n company : N, Company uses a perpetual inventory system. During May, the following transactions and events occurred. Journalize the May transactions for N Company
Explain the different forms of restraint of trade : Identify and explain the different forms of restraint of trade in your example and, what are some of the defenses? Support your answer.
Identify the chemical properties : Identify the chemical properties, uses, and primary hazards associated with common oxidizers including concentrated nitric acid
Calculate the value assigned to cost of goods sold : Using the inventory and sales data above, calculate the value assigned to cost of goods sold in March and to the ending inventory at March 31 using FIFO

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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