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vixen0528ow6mza
19.03.2021 •
Business
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Production: 9,510 units started which is comprised of 6,510 units finished and transferred out and 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $35,948; labor $21,400; overhead $34,840.
Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25.)
QUIK FURNITURE COMPANY
Sanding Department
Production Cost Report
For the Month Ended March 31, 2017
Equivalent Units Physical Units Conversion Costs Quantities Units to be accounted for Materials Work in process, March 1 Started into production Total units Units accounted for Transferred out Work in process, March 31 Total units
Conversion Costs Total Costs Unit costs Materials Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, March 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials Conversion costs Total costs
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Ответ:
Quick Furniture Company
The Sanding Department
Production Report
For the month of March 2017:
Materials Conversion Total
Manufacturing costs $35,948 $56,240 $92,188
Cost per equivalent unit:
Manufacturing costs $35,948 $56,240
Equivalent units 9,510 7,110
Cost per equivalent unit $3.78 $7.91
Cost assigned to:
Units transferred out $24,608 $51,494 $76,102
Ending Work in Process $11,340 $4,746 16,086
Total costs assigned $35,948 $56,240 $92,188
Explanation:
a) Data and Calculations:
Materials Conversion
Units started 9,510
Units completed 6,510 6,510 6,510
Ending WIP 3,000 3,000 600
Equivalent units 9,510 7,110
Production Cost Report:
Materials Conversion Total
Manufacturing costs $35,948 $56,240 $92,188
Cost per equivalent unit:
Manufacturing costs $35,948 $56,240
Equivalent units 9,510 7,110
Cost per equivalent unit $3.78 $7.91
Cost assigned to:
Units transferred out $24,608 $51,494 $76,102
($3.78 * 6,510) ($7.91 * 6,510)
Ending Work in Process $11,340 $4,746 16,086
($3.78 * 3,000) ($7.91 * 600)
Total costs assigned $35,948 $56,240 $92,188
Ответ:
babypeep2003
Explanation: