Discuss about between the different costing methods

Assignment Help Accounting Basics

Reference no: EM132471358 , Length: word count :- 700

Purpose of Assignment

The materials covered this week distinguish between the different costing methods and provide needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.

Assignment Steps

Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.

Prepare a maximum 700-word informal memo:

Question 1.) Respectfully explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.

Question 2.) Using a professional tone, explain to him clearly why your report is accurate.

Question 3.) Please include an example to help explain to him what equivalent units are and how they differ from completed units in inventory.

Reference no: EM132471358

Questions Cloud

FNSFMB504 Implement Complex Loan Structures Assignment : FNSFMB504 Implement Complex Loan Structures Assignment Help and Solution - AAMC Training Group, Australia. Fully completed set of NCCP Act Compliance documents

Determine the cash holding levels : Determine the cash holding levels. the thesis also want to write finance, to collect database modeling, the midway to progress with feedback modification

What are the importance of managerial accounting : What are the Importance of Managerial Accounting as "decision-making tool" in your organization. provide an example for this and discuss its features

Examine business combination planning and accounting process : Analyze the accounting requirements for the business combination method selected. Examine business combination planning and accounting process

Discuss about between the different costing methods : Discuss about between the different costing methods. explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory

Describe systems thinking in your own words : Describe systems thinking in your own words. Briefly describe the macrosystem-level transition of care you selected. Identify two points of care across.

Identify several advantages of operating a mainframe : Identify several advantages and disadvantages of microcomputer/client server systems. Would these advantages apply to Prado Roberts Manufacturing?

Write a respond and discuss meaning of internal control : Discuss the meaning of "internal control" in the context of accounting. Then share five examples of internal control procedures designed to prevent fraud

Prepare a cheat sheet that briefly describes audit evidenc : Consideration of Sample Sizes and Methods (random, haphazard, monetary unit sample, judgmental) and how sampling affects evidence.

User Account

All Pages