Prepare a production cost report for august

Assignment Help Managerial Accounting
Reference no: EM132524117

The Whitecotton Company manufacturers a product that goes through two departments. During the month of August, 2019 the following data was recorded for the mixing department.

                                                          Units                      Materials                    Labor                     Overhead

Units in beginning WIP                    6,000

Units started during Aug.                40,000

Units completed                           34,000

Units in ending WIP                         12,000

Costs in beginning WIP                                                $54,000                           $20,000         $10,000

Costs added during Aug.                                            $222,000                           $420,000           $150,000

Question 1: The ending work in process was 100% complete with respect to materials and 50% complete with respect to labor and overhead. Prepare a Production Cost Report for August, 2019

Reference no: EM132524117

Questions Cloud

Discuss the problem of workplace abuse of social media : Discuss the problem of workplace abuse of social media, e-mail, instant messaging, online shopping, and other Internet browsing.
Prepare schedule of cash collections on accounts receivable : Preparing a Schedule of Cash Collections on Accounts Receivable. Schedule showing the cash expected in payments on accounts receivable in August
What is the target conversion and administrative cost : If company management desires a return equal to 10 percent of the final selling price, what is the target conversion and administrative cost per unit?
Interval estimation of a population proportion : Interval estimation of a population proportion with population mean and Testing the Significance of the Slope and y-Intercept
Prepare a production cost report for august : Prepare a Production Cost Report for August, 2019. The ending work in process was 100% complete with respect to materials and 50%
Calculate the operating cash flow for the repair shop : Calculate the operating cash flow for the repair shop using the three methods given below:
Security architecture and design : System architecture is the descriptive representation of the system's component functions and the communication flows between those components.
What is the value of the factory : You forecast that it will produce cash inflows of $95,000 in year 1, $155,000 in year 2, and $250,000 in year 3. The discount rate is 12%.
Journalist the entries relating to materials in labor : Journalist the entries relating to materials in labor. Azalea Company makes artificial flowers and reports the following data for the month

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare a summary journal entry to record cash expenditures

Prepare a summary journal entry to record the $107,000 in cash expenditures - Freitas Corporation was organized early in 2011.

  Compute its debt ratio as of december

1.Refer to Piaggio's financial statements in Appendix A. Compute its debt ratio as of December 31, 2011, and December 31, 2010.

  Compute the cost per cost driver

Compute the cost per cost driver for each of the three cost centers and use the results from part 1 to allocate costs from each of the three cost centers to both financial planning and tax preparation.

  What is the amount of sales tax liability as of december

What is the amount of sales tax liability as of December 31, Year 1? What was the total amount of sales tax collected in Year 1?

  Calculate the monthly profit during a summer month

Management Accounting Assignment- Calculate the monthly profit during a Summer month when all 40,000 boxes produced in a month are sold.

  Prepare a statement of cash flows for the year

Prepare a statement of cash flows for the year using the indirect method

  Just in time production systems seek to reduce the amount

Just in time production systems seek to reduce the amount of material, work in process, and finished goods inventory.

  List several inherent risk factors effecting hih

List several inherent risk factors effecting HIH at the financial report leveland whether they would have contributed to anincrease or decreasein theinherent risk assessment.

  What is the sales budget for the first quarter

Compute the TVC ? Compute the Product Cost? The brothers sell pretzels for $150 per bac, marketing prepares the following sales forcast

  Review standard costs - wake up and smell the coffee

Review the Standard costs: wake up and smell the coffee. article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely ..

  What is the target operating income

The annual target sales volume for the perfume is 20,000 bottles. Abeer Factory has target operating income of 20% of sales,What is the target operating income?

  Coffee makers incorporated cmitwo divisions of a cmi are

coffee makers incorporated cmi.two divisions of a cmi are involved in a dispute.nbsp division a purchases part 101 and

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