Prepare a production cost report for the month of march

Assignment Help Managerial Accounting
Reference no: EM13486810

Randolph Company uses a process costing system to account for the manufacture of its only product - the B-Box. There is just one department process to complete the product. The units are started in the Assembly Department. When they are completed in that department they are transferred to finished goods inventory.

Randolph Company uses the FIFO method. Materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the period in both departments.

Information for both departments for March and April is given below:

203_ledger of Grogan Company.png

Required:

1. Prepare a production cost report for the month of March. Use the format shown in the PowerPoint presentation.

2. Prepare a production cost report for the month of April. Use the format shown in the PowerPoint presentation.

Reference no: EM13486810

Questions Cloud

How many units were actually worked : Complete the Work in Process - How many units were actually worked on during the month of May and how many units are in process at May 31 and what are the total costs to account for?
Evaluate the hydronium ion concentration : Calculate the hydronium ion concentration and the pH of the solution that results when 20.0 mL of 0.15M acetic acid, is mixed with 5.0mL of 0.17M sodium hydroxide.
Find the nuclear density : For the real or imaginary nucleus of 85X210, find the net electrical charge of the nucleus, the approximate radius of the nucleus, and the nuclear density
Explain the production of pollutants found in photochemical : Nitrogen oxides, NOx, play an essential role in the production of pollutants found in photochemical smog. The NOx in the atmosphere is slowly broken down to N2 and O2 in a first order reaction.
Prepare a production cost report for the month of march : Prepare a production cost report for the month of March and April
Calculate the heat absorbed during this expansion : An ideal gas expands isothermally, performing 4.30×103J of work in the process. Calculate the heat absorbed during this expansion
Explain which ion is the strongest base : Consider the following ions: NH^4+, CO3^2-,Br^-,S^2-,ClO4^- A. Which of these ions in water gives an acidic solution B. Which of these ions will have no effect on the pH of an aqueous solution C. Which ion is the strongest base
Determine the height of the smokestack : You wish to determine the height of the smokestack of a local coal burning power plant. determine the height of the smokestack
Why provisions are liabilities of uncertain timing or amount : Identify a set of IFRS-compliant annual financial statements for 2009 or 2010 and provide information in rows 1 to 4 in the table below.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Question process solutions provides a computer-based

question process solutions provides a computer-based document processing service. the accountant has produced the

  1 use the information provided below to calculate the ratio

1 use the information provided below to calculate the ratio for 2012 that would reflect each of the following where

  Imperial data devices flexible budget

Expected manufacturing costs for Imperial Data Devices are as follows: Estimate manufacturing costs for production levels of 11,000 units, 13,500 units, and 16,000 units per month.

  Calculate price and efficiency variances

Calculate price and efficiency variances for all of the above and briefly explain what they mean and why the variances may have occurred.

  Calculating allocated fixed cost

Urban Athletics Company has two store locations, North and South. During October, the company reported net income of $192,000 on sales of $905,000.

  Distinguish between job costing and process costing

distinguish between job costing and process costing. describe the difficulties associated with each type. what can

  Calculate fixed cost-variable cost

Calculate the unknowns for the following independent situations. All given activity levels are within the relevant range.

  Brinkers bicycle shop - a special order decision

Identify and describe or explain the problem that the managers of the organization in question are encountering. What has happened to make the managers realize that the problem has arisen - Managerial Accounting (AF 211)

  Can a small group of well organized activists

Human rights groups, environmental activists, and other interest groups concerned with unethical business practices have often conducted publicity campaigns against various corporations that those groups feel have engaged in unethical practices.

  Managerial accounting af 211brinkers bicycle shopa special

managerial accounting af 211brinkers bicycle shopa special order decisionthis offer is the greatest thing thats

  Calculating-total direct labour cost

Energy Inc. is working on its direct labor budget for next two months. Each unit of output needs 0.77 direct labor-hours.

  Joint cost-utilization of scarce resources

The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch comprises of 20,000 gallons of talphazine, costing $11,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd