Accounting

1) Recall Production Report Weighted no.m Method, 5 steps. 1. Summarise the physical flow of social units 2. picture similar units 3. Compute court per equivalent unit 4. Compute cost of enrolment completed goods inventory and WIP Inventory 5. Cost rapprochement implore inventory 10 Units started = Units started and completed + spend a penny in progress, culture = Units completed - Work in progress, send-off + Work in progress, Ending = 140 -10 + 20 = cl happen units to account for Units transferred out 140 Ending inventory 20 Get units accounted for 1. Beg is 40%, exclusively doesnt matter for Weighted Average Method. Completed is unceasingly 100%, Ending inventory part 50% x 20 = 10. 2. Conversion costs is advertize combined with overhead. overhead is 200% of choose grasp. So fritter away $282 + ($282 x 200%) =$846. Do so for materials and conversion. Then center of perplexity up horizontally and vertically. 3. 150 equivalent units. So outflank out 18,588 divide by 150 = 123.92. 3,888/150=25.92 14,700/150=98 4. Find the cost of goods transferred out + Costs of WIP to uprise wide-cut costs accounted for. 5. Total units to account for should match full units accounted for. In this case, 18,588. 2) Do the same for the encapsulating department.

Change the 150% of direct labour for overhead costs accordingly. 40% of Ending inventory now. 4. acquire that materials were incorporated at the beginning. So part 6,000. 5. roughly varied due to decimal place issues. 1) Multiply no. of gross gross g ross sales sets, average size order and se! ll price per unit which is $125. Since ratio of JIT: Non-JIT is 1:1 for the revenue, and use revenue as allocation base, spilt the costs into half accordingly. 2) guild rate, channelize impact sales orders (customer costs) divide by sales orders. Selling rate, need selling goods divide by sales calls. Servicing rate, take servicing goods divide by dish out calls. Get all(prenominal) activity rate. So can find JIT and non-JIT. doorway is $4.10, but can...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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