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One of Sun Appliance's products is a dishwasher. Two processing departments are involved in the dishwasher's manufacture. The tub is assembled in one department, and a second department assembles and installs the motor. There is no beginning or ending work in process in either department. During March, the company incurred the following costs in the manufacture of 4,000 dishwashers. Tub Department Motor Department Direct materials $ 150,000 $ 96,000 Direct labor 12,000 18,000 Manufacturing overhead 18,000 6,000 Instructions Complete a production cost report for the Motor Department of Sun Appliance for March. Motor Department of Sun Appliance Production Cost Report For the month of March Part I. Physical Flow Total Units Inputs: • Beginning WIP • Started Dishwashers to account for Outputs: • Units completed • Ending WIP Dishwashers accounted for Part II. Equivalent Units Direct Materials Conversion Based on monthly input: • Beginning WIP • Units started Equivalent units of input Based on monthly output: • Units completed • Ending WIP Equivalent units of output Part III. Cost Per Equivalent Unit Total Unit Cost Direct Materials Conversion Costs from Tub Department Costs from Motor Department Total Divide by equivalent units Costs per equivalent unit Part IV. Total Cost Assignment Total Costs Direct Materials Conversion Costs to account for: • Cost of beginning WIP • Cost added during the period Total cost to account for Costs accounted for: • Cost of goods transferred Beginning WIP last period Beginning WIP this period Started and completed Total cost transferred • Add ending WIP Total cost a
Identify the financial statements on which each of the following titles or accounts would appear. If a title or an account appears on more than one statement, list all statements that would include it.
For each of the independent situations identified above, consider and conclude whether the entity is a reporting entity and whether it is required by the Corporations Act 2001 to prepare general purpose financial statements.
recording adjusting entries and preparing financial statements.record adjusting entries and prepare financial
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Determine Bad debt from uncollected rent
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Budgeted cash receipts for April, Calculation of budgeted cash collections and Budgeted purchases of raw materials sales for May
evaluating multiple projects with npv analysis.1.nbsp you want to bank enough money to pay for 5 years of undergraduate
Calculate the depreciation under the straight line method and calculate the depreciation under the double declining method.
Give the proper journal entries for each of the subsequent occurred in 2011.
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