Why production cost report showed only equivalent units

Assignment Help Accounting Basics
Reference no: EM132377501

Question: Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.

Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.

Reference no: EM132377501

Questions Cloud

Describe the time value of money concept : Provide two (2) examples that demonstrate a change in your theories of financial accounting for managers since the beginning of this course.
CPCCBC4004A Identify and produce estimated costs for project : CPCCBC4004A Identify and produce estimated costs for building and construction projects Assignment help and solution, Calculate the total cost of statutory
What are two ways you can improve : What are two ways you can improve/enhance your profile in the next 6 months?
What type of cost accounting system company should use : Discuss both (A) what type of cost accounting system this company should use, and (B) the documents that you would recommend as part of the cost accounting.
Why production cost report showed only equivalent units : Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.
Analyze and assess effective communication : Your best friend has asked your help in securing a job where you work. You want to help your friend, but you know her social media sites have photos and other.
Conduct a brief literature review of educational research : Summarize and critique the article with the aim of understanding how multivariate procedures are used by educational researchers.
Demonstrate the basic fundamentals of communication : Your supervisor has asked to you write a brief email on the vacation policy changes to be distributed to staff. You will need to listen to a voice mail.
ITECH5500 Professional Research and Communication Assignment : ITECH 5500 Professional Research and Communication Research Proposal - Assignment Help and Solution, Federation University Australia

Reviews

Write a Review

Accounting Basics Questions & Answers

  Description of new york consumers

A newspaper article contains the following description of New York consumers avoiding the state's 8.375 percent sales tax by shopping in New Jersey: For years, shoppers from New York City have played a game of retail arbitrage

  Debit memorandum for bank services

Enclosed with the July statement is a $14 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received.

  Determine issues in the current business environment

Your organizations primary recruiting need is for engineering and technical personnel. Over that last two decades, these professions have generally been.

  Determine the cost of sales and cost inventory

Determine the cost of sales and cost inventory at 31 December using the following inventory methods - Weighted Average

  How much interest will he earn after-tax

If Matt expects his marginal tax rate to be 27.00 percent for the next 10 years, how much interest will he earn after-tax for the first year of his investment

  How the accounts receivable and the allowance

Describe how the accounts receivable and the allowance for doubtful accounts are reported on the balance sheet.

  A building was purchased on january 1 1998 for 240000 and

a building was purchased on january 1 1998 for 240000 and straight line depreciation method was used. it was estimated

  Accounting information service discussion 91 please explain

accounting information service discussion 9.1. please explain. from the point of view of the customer what is the

  Calculate cost of goods sold using two decimals

There are no price, efficiency or spending variances. Under absorption costing, calculate cost of goods sold using two decimals

  Good summary of the rfract

FIRST: The United States has had another breech of police protocols in North Charleston, S.C. This one has resulted in a charge of capital murder leveled against a police officer. This case involves both hard proof of falsified police report as we..

  What is the contract size of the euro fx futures contract

What is the contract size of the Euro FX futures contract? What about British Pound futures contract size? Are they the same?

  What is z-prime stock price

What is Z-prime stock price

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