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    Polytechnic State University Sanluis
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Category > Accounting Posted 23 Jun 2017 My Price 5.00

Prepare a cost of production report for the assembly department for the month of April.

Problem 17-48  STEPS FOR A COST OF PRODUCTION  REPORT

The owner of Stillwater Designs was pleased with the prospect of becoming an original equipment supplier to DaimlerChrysler. Stillwater designs will provide an audio package for the Dodge Neon SRT4 line. Assembling the plastic cabinets, speakers, and amplifiers for this audio package will be done in-house.

Assume that Stillwater Designs uses the weighted average method to cost out the audio package. The following are cost and production data for the assembly process for April:

 

Production:

Units in process, April 1, 60 percent  complete

 

40,000

Units completed and transferred  out

100,000

Units in process, April 30, 20 percent  complete

20,000

Costs:

WIP, April 1: Plastic cabinets

 

 

$      800,000

Kicker components

8,400,000

Conversion costs

3,600,000

Costs added during April:

 

Plastic cabinets

$ 1,600,000

Kicker components

16,800,000

Conversion costs

5,760,000

 

Required:

1.        Prepare a cost of production report for the assembly department for the month of April.

2.        Write a one-page report that compares the purpose and content of the cost of pro- duction report with the job-order cost sheet.

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 23 Jun 2017 07:06 AM My Price 5.00

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Attachments

file 1498204283-1398023_1_636337408110014800_1398023.xlsx preview (285 words )
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