Production cost report, Sweet Concoctions a syrup product

Production cost report

Assignment Help Other Subject

Reference no: EM13249785

Sweet Concoctions a syrup product that passes through three departments. Data for March for the first department follow:

Work in process, March1- Gallons:80,000 Materials:$68,600 Labor:$28,000 Overhead:$50,000

Gallons started in process- Gallons: 760,000

Gallons transferred out- Gallons:790,000

Work in Process, March31- Gallons:50,000

Cost added during March- ......................Materials:$907,200 Labor:$362,000 Overhead:$600,000

The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to conversion. The ending work in process inventory was 60% complete with respect to materials and 20% complete with respect to conversion.

INSTRUCTIONS: Prepare a Production Cost Report for this department. Remember the four steps of a production cost report are 1) Determine the equivalent units. 2) Compute the cost per equivalent unit. 3) Determine the total cost of ending work in process inventory and the total cost of units transferred out, and 4) Prepare a cost reconciliation report.

Reference no: EM13249785

Questions Cloud

What is the rms current in this circuit : A 525-ohm resistor and a 295-mH inductor are connected in series with an ac generator with an rms voltage of 20.0V

How do you calculate instantaneous acceleration : If you are given a velocity versus time graph, and v initial is given, how do you calculate instantaneous acceleration

Define the condensed electron configurations : Write the condensed electron configurations for the following atoms and indicate how many unpaired electrons each has (a)mg (b)ge (c)br (d)v (e)y (f)lu

Construct a decision tree : Construct a decision tree. Compute the expected opportunity loss for each decision alternatives (i.e., draw a regret table).

Production cost report : Sweet Concoctions a syrup product that passes through three departments. Data for March for the first department follow: Work in process, March1- Gallons:80,000 Materials:$68,600 Labor:$28,000 Overhead:$50,000

Analyze memory performance for a write and read operation : The goal is to design a memory system to support a small amount of data storage outside of the processor. The design is to be based on the 16K bit CY7C128A SRAM organized as 2Kx8. (a) Provide a high-level block diagram for such an interface.

Determine the magnetic force on each wire : Two parallel wires of length 18 m are separated by a distance of a = 0.13 cm. The first carries a current of I1 = 5 A, What is the magnetic force on each wire

Formulate and solve a linear programming model in excel : Formulate and solve a linear programming model in Excel to develop a work schedule that processes all checks by 8 P.M. and minimizes daily labor costs.

Explain the metathesis reaction between sodium sulfide : What is the correct balanced net ionic equation which represents the metathesis reaction between sodium sulfide and aluminum chloride

User Account

All Pages