processcostingandhybridproductcostingsystems(編輯修改稿)
2024-09-24 17:41 本頁(yè)面
【文章內(nèi)容簡(jiǎn)介】 500 d. 15,000 10,000 units + (5,000 units .30) = 11,500 equivalent units Equivalent Units Question 1 McGrawHill/Irwin 424 Calculating and Using Equivalent Units of Production To calculate the cost per equivalent unit for the period: Cost per equivalent unit = Costs for the period Equivalent units for the period McGrawHill/Irwin 425 If Jones incurred $27,600 in production costs for the 11,500 equivalent units. What was Jones’s cost per equivalent unit for the period? a. $ b. $ c. $ d. $ Equivalent Units Question 2 McGrawHill/Irwin 426 If Jones incurred $27,600 in production costs for the 11,500 equivalent units. What was Jones’s cost per equivalent unit for the period? a. $ b. $ c. $ d. $ $27,600 247。 11,500 equivalent units = $ per equivalent unit Equivalent Units Question 2 McGrawHill/Irwin 427 Departmental Production Report Production Report ? Analysis of physical flow of units. ? Calculation of equivalent units. ? Computation of unit costs. ? Analysis of total costs. McGrawHill/Irwin 428 Equivalent Units of Production – WeightedAverage Method The weightedaverage method . . . ? Makes no distinction between work done in the prior period and work done in the current period. ? Blends together units and costs from the prior period and the current period. The FIFO method is a more plex method and is rarely used in practice. McGrawHill/Irwin 429 Production Report Example At this point, we need to look at an example to illustrate the departmental production report. McGrawHill/Irwin 430 ?MVP Sports Equipment Company makes baseball gloves in two departments, Cutting and Stitching. ?MVP uses the weightedaverage cost procedure. ?Material is added at the beginning of the Cutting Department, and conversion is incurred uniformly throughout the process. ?Using the following information for the month of March, let’s prepare a production report for the Cutting Department. Production Report Example McGrawHill/Irwin 431 Work in process, March 1: 20,000 units Materials: 100% plete. $ 50,000 Conversion: 10% plete. 7,200 Units started into production in March: 30,000 units Units pleted and transferred out in March: 40,000 units Work in process, March 31: 10,000 units Materials 100% plete. Conversion 50% plete. Costs incurred during March Materials cost $ 90,000 Conversion cost 193,500 Cost Production Report Example McGrawHill/Irwin 432 ? Analysis of Physical Flow of Units P h y s i c a lU n i t sW o r k i n p r o c e s s , M a r c h 1 2 0 , 0 0 0 U n i t s s t a r t e d d u r i n g M a r c h 3 0 , 0 0 0 T o t a l u n i t s t o a c c o u n t f o r 5 0 , 0 0 0 U n i t s c o m p l e t e d a n d t r a n s f e r r e d o u t d u r i n g M a r c h 4 0 , 0 0 0 W o r k i n p r o c e s s , M a r c h 3 1 1 0 , 0 0 0 T o t a l u n i t s a c c o u n t e d f o r 5 0 , 0 0 0 Production Report Example McGrawHill/Irw
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