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Conversion costs are evenly applied throughout the processes while materials are added at the start of the process
and at the middle of the process for Mixing and Finishing respectively. Cost and production data for August are as
follows:
Required: Prepare the cost of production report under a) FIFO and b) Average assuming loss units:
5) Are normal discovered at QCI of 90% for Mixing and at 50% completion for Finishing before
adding the materials
6) Base on #5 and assuming loss units are expected at 2% and 3% of the units completed for
Mixing and Finishing respectively.
Cost Charged to Department A Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process April 1
Cost from Department A 240,525.78 19,920.00 220,605.78 26,000 8.484838
Cost Added
Materials 76,900.00 14,400.00 62,500.00 24,000 2.604167 34,425.00 - 34,425.00 27,000 1.275000
Labor 86,481.25 6,450.00 80,031.25 24,500 3.266582 53,431.50 840.00 52,591.50 26,100 2.015000
Overhead 70,606.25 5,350.00 65,256.25 24,500 2.663520 41,095.00 640.00 40,455.00 26,100 1.550000
Total 233,987.50 26,200.00 207,787.50 8.534269 128,951.50 1,480.00 127,471.50 4.840000
Adjustment for lost units - 0.482877
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.534269 369,477.28 21,400.00 348,077.28 13.807715
Cost Charged to Department A Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process April 1
Cost from Department A 241,058.73 19,920.00 221,138.73 26,000 8.505336
Cost Added
Materials 76,900.00 14,400.00 62,500.00 25,000 2.500000 34,425.00 - 34,425.00 28,400 1.212148
Labor 86,481.25 6,450.00 80,031.25 25,500 3.138480 53,431.50 840.00 52,591.50 27,500 1.912418
Overhead 70,606.25 5,350.00 65,256.25 25,500 2.559069 41,095.00 640.00 40,455.00 27,500 1.471091
Total 233,987.50 26,200.00 207,787.50 8.197549 128,951.50 1,480.00 127,471.50 4.595657
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.197549 370,010.23 21,400.00 348,610.23 13.100993
Cost Charged to Mixing Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process August 1
Cost from Mixing 232,861.18 19,920.00 212,941.18 26,000 8.190045
Cost Added
Materials 76,900.00 14,400.00 62,500.00 25,000 2.500000 34,425.00 - 34,425.00 28,400 1.212148
Labor 86,481.25 6,450.00 80,031.25 25,500 3.138480 53,431.50 840.00 52,591.50 27,500 1.912418
Overhead 70,606.25 5,350.00 65,256.25 25,500 2.559069 41,095.00 640.00 40,455.00 27,500 1.471091
Total 233,987.50 26,200.00 207,787.50 8.197549 128,951.50 1,480.00 127,471.50 4.595657
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.197549 361,812.68 21,400.00 340,412.68 12.785702
Cost Charged to Mixing Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process August 1
Cost from Mixing 237,123.90 19,920.00 217,203.90 26,000 8.353996
Cost Added
Materials 76,900.00 14,400.00 62,500.00 25,000 2.500000 34,425.00 - 34,425.00 28,400 1.212148
Labor 86,481.25 6,450.00 80,031.25 25,500 3.138480 53,431.50 840.00 52,591.50 27,500 1.912418
Overhead 70,606.25 5,350.00 65,256.25 25,500 2.559069 41,095.00 640.00 40,455.00 27,500 1.471091
Total 233,987.50 26,200.00 207,787.50 8.197549 128,951.50 1,480.00 127,471.50 4.595657
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.197549 366,075.40 21,400.00 344,675.40 12.949653
Cost Charged to Mixing Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process August 1
Cost from Mixing 241,047.51 19,920.00 221,127.51 26,000 8.504904
Cost Added
Materials 76,900.00 14,400.00 62,500.00 25,000 2.500000 34,425.00 - 34,425.00 27,000 1.275000
Labor 86,481.25 6,450.00 80,031.25 25,400 3.150837 53,431.50 840.00 52,591.50 26,800 1.962369
Overhead 70,606.25 5,350.00 65,256.25 25,400 2.569144 41,095.00 640.00 40,455.00 26,800 1.509515
Total 233,987.50 26,200.00 207,787.50 8.219980 128,951.50 1,480.00 127,471.50 4.746884
0.531007
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.219980 369,999.01 21,400.00 348,599.01 13.782795
Cost Charged to Mixing Total In Process Current Unit Total In Process Current Unit
EUP EUP
Cost Beg Cost Cost Cost Beg Cost Cost
In Process August 1
Cost from Mixing 237,376.48 19,920.00 217,456.48 26,000 8.363711
Cost Added
Materials 76,900.00 14,400.00 62,500.00 25,000 2.500000 34,425.00 - 34,425.00 27,000 1.275000
Labor 86,481.25 6,450.00 80,031.25 25,400 3.150837 53,431.50 840.00 52,591.50 26,800 1.962369
Overhead 70,606.25 5,350.00 65,256.25 25,400 2.569144 41,095.00 640.00 40,455.00 26,800 1.509515
Total 233,987.50 26,200.00 207,787.50 8.219980 128,951.50 1,480.00 127,471.50 4.746884
0.523686
Total Cost to be accounted 233,987.50 26,200.00 207,787.50 8.219980 366,327.98 21,400.00 344,927.98 13.634281