Draw a time line for the assembly department, Managerial Accounting

Computing equivalents units and assigning costs to completed units and ending work in process; no beginning inventory or cost transferred in (30 -45min)

Sue Electronics makes CD players in three processes: programming, and packaging. Direct materials are added at the beginning of the assembly process. Conversion costs are incurred evenly throughout the process. The Assembly Department had no work in process on March 31. In mid - April, Sue Electronics started production on 100,000 CD players. Of this number, 76100 CD players were assembled during April and transferred out to the Programming Department. The April 30 work in process in the Assembly Department was 40% of the way through the assembly process. Direct materials costing $375,720 were positioned in production in Assembly during April, and direct labor of $157,700 and manufacturing overhead of $98,595 were assigned to that department.

Requirements

1. Draw a time line for the Assembly Department.

2. Use the time line to assist you computes the number of equivalent units and the cost per equivalent unit in the Assembly Department for April.

3. Assign total costs in the Assembly Department to (a) units completed and transferred to Programming during April and (b) units still in process at April 30.

4. Prepare a T - account for Work in Process Inventory - Assembly to show its activity during April, including the April 30 balance.

Posted Date: 3/1/2013 4:22:32 AM | Location : United States







Related Discussions:- Draw a time line for the assembly department, Assignment Help, Ask Question on Draw a time line for the assembly department, Get Answer, Expert's Help, Draw a time line for the assembly department Discussions

Write discussion on Draw a time line for the assembly department
Your posts are moderated
Related Questions
Question 1: i) Explain the process of financial intermediation and discuss the existence of banks. ii) Examine the implications of the existence of financial intermediarie

how to journalize entry. purchased $150,000 of raw materials on account, terms of 2/20; n/30

Describe the Principles of cost accounting Principles of cost accounting: The fundamental principles of costing are identical and are given below:   1. Cost is related to

For this assignment, please complete and submit Task 1 and Task 2 as described below. Task 1: Classifying Cash Flows The following are transactions, events, and changes in balances

Describe Financial budgets Financial budgets: financial budgets are concerned with cash receipts and disbursements working capital expenditure financial position and business o

Question: (a) "Budgetary control comprises two distinct elements - Planning and Control''. ‘'A budget is a statement of what it is reasonable to believe can be made to ha

XYZ Industries manufactures electronic testing equipment. XYZ also installs the equipment at customers' sites and ensures that it functions smoothly. Additional information on the

What are the Advantages of budgetary control This budgetary control system helps in fixing the goals for the organization as a whole and concerts efforts are made for its achie

The decisions about long-term investment are depends on judgments on future cash flows, the improbability of such cash flows and the opportunity cost also of the funds to be invest