Solution-Prepare cost of production report for painting

Prepare cost of production report for painting department

Assignment Help Cost Accounting

Reference no: EM132561614

Shabbir Tiles & Ceramics Limited has a vast market for its products throughout Pakistan. It is considered as one of the top companies making variety of ceramics products. It operates three producing departments : Molding, Painting and Firing.

During the month of July, the Painting Department of STCL transferred 12400 units to the Firing Department. Other details related to Painting Department are as follows :

Units lost during production 500 units

Units in process :

Start of the month 2,400 units

End of the month 800 units

Units received from Molding Department are to be calculated with the help of above information.

The Painting Department incurred following cost during the month of July :

Material $5,886

Labor $7,830

Factory Overhead $1,134

The work in process inventory on July 01, 2017 was $6,656.

The cost transferred to the Painting Department from the Molding Department was $23,797.80.

The Painting Department work in process inventory was 75% complete on July 01 and 25% complete on July 31.

Required :

Question 1: Prepare Cost of Production Report for the Painting Department for August, 2017 using first-in, first-out method of accounting for beginning inventories.

Reference no: EM132561614

Questions Cloud

Functions of conducting zone and respiratory zone : Describe the different functions of the conducting zone and respiratory zone and relate those to differences in their histology.

Compute the dividend per share for common stockholders : Instructions - Compute the dividend per share for common stockholders assuming the preferred stock is cumulative and participating

Explain the value of inventory under fifo method : Explain the value of inventory under FIFO method? Singhania LTD purchased 15 bikes during March and sold 6 bikes, details of which are as follow

What is the last day for taking the cash discount : Pallete Manufacturing received an invoice dated October 4 with terms 4/10, n/30. What is the last day for taking the cash discount

Prepare cost of production report for painting department : Prepare Cost of Production Report for the Painting Department for August, 2017 using first-in, first-out method of accounting for beginning inventories.

Anatomical make-up : How can the anatomical make-up (i.e., how someones pelvis and femur are formed) effect the ability to perform a movement, such as the squat?

Calculate expected rate of interest of a one-year investment : Using the pure expectations approach to the determination of interest rates, calculate the expected (E) rate of interest of a one-year investment

Demonstrate the net income would : Foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, the net income would

What amount will reduce the amount due : What amount will reduce the amount due on an invoice of $2037.67 by $1241.25 if the terms of the invoice are 1/10, n/45

User Account

All Pages

Prepare cost of production report for painting department

Reference no: EM132561614

Reference no: EM132561614

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT