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VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 900/ odded last month) 30,000

VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 900/ odded last month) 30,000

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 20E: Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through...
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VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 80% conversion cost added last month) Started into production Total units Units accounted for as follow: Transferred to department B WIP April 30(75% materials, 60% conversion cost added this month) Total cost Total Cost Cost to be accounted for: WIP,April 1 Cost added during the month Total Cost Cost Reconciliation Cost accounted for as follow: Transferred to department B WIP April 30 Total cost 30,000 200,000 230,000 190,000 40.000 230,000 $98,000 827.000 925,000 $805,600 119.400 925,000 Dolce Company has just been acquired by another organization and the management wants some additional information about Dolce's operations. Required 1)Is Dolce co. using the weighted average method or the FIFO method to account for units and costs? How can you tell? 2) What were the equivalent units for the month? 3) What were the unit costs for the month? The beginning inventory consisted of the following costs: materials, $67,800, and conversion cost $30,200. The costs added during the month consisted of: materials, $579,000 and conversion cost. $248,000. 4) How many of the units transferred to department B were started and completed during the month
Transcribed Image Text:VI. Interpreting a Production Report Dolce company manufactures a product that goes through several departments. hastily prepared production report for department A for April is given below: Quantity Schedule Units to be accounted for: WIP, April 1 (90% materials, 80% conversion cost added last month) Started into production Total units Units accounted for as follow: Transferred to department B WIP April 30(75% materials, 60% conversion cost added this month) Total cost Total Cost Cost to be accounted for: WIP,April 1 Cost added during the month Total Cost Cost Reconciliation Cost accounted for as follow: Transferred to department B WIP April 30 Total cost 30,000 200,000 230,000 190,000 40.000 230,000 $98,000 827.000 925,000 $805,600 119.400 925,000 Dolce Company has just been acquired by another organization and the management wants some additional information about Dolce's operations. Required 1)Is Dolce co. using the weighted average method or the FIFO method to account for units and costs? How can you tell? 2) What were the equivalent units for the month? 3) What were the unit costs for the month? The beginning inventory consisted of the following costs: materials, $67,800, and conversion cost $30,200. The costs added during the month consisted of: materials, $579,000 and conversion cost. $248,000. 4) How many of the units transferred to department B were started and completed during the month
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