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Calculate the cost of copyediting one manuscript for june

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Reference no: EM131793841

Question - During June, Herring Associates incurred total production costs of $40,000 for copyediting manuscripts and had the following equivalent units schedule:

Units completed

190

Units in EWIP X Fraction complete: 25 X .040

10

Equivalent units

200

1. Calculate the cost of copyediting one manuscript for June.

2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation.

3. What if the costs assigned to tests completed and EWIP total were calculated using a unit cost of $250? What is the discrepancy between the costs assigned and the costs to account for?

Reference no: EM131793841

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