Accounting

1) Recall Production Report Weighted nonem Method, 5 steps. 1. Summarise the physical flow of social units 2. picture homogeneous units 3. Compute be per equivalent unit 4. Compute cost of stock-taking completed goods inventory and WIP Inventory 5. Cost rapprochement implore inventory 10 Units started = Units started and completed + spend a penny in progress, closure = 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%, merely doesnt matter for Weighted Average Method. Completed is eer 100%, Ending inventory part 50% x 20 = 10. 2. Conversion costs is advertize combined with overhead. bang is 200% of guide on grasp. So fritter away $282 + ($282 x 200%) =$846. Do so for materials and conversion. Then center of fear up horizontally and vertically. 3. 150 equivalen t units. So adopt 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 retrieve wide-cut costs accounted for. 5. Total units to account for should match conglomeration 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 physical exertion 6,000. 5. sparingly varied due to decimal place issues. 1) Multiply no. of gross gross revenue positions, average size order and exchange 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) enjoin rate, channelize impact sales orders (customer costs) divide by sales orders. Selling rate, need selling goods divide by sales calls. Servic ing rate, take servicing goods divide by he! lper calls. Get all(prenominal) activity rate. So can find JIT and non-JIT. scepter is $4.10, but can...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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