Reference no: EM132192651

Summative Case Study: SRS Educational Supply Company

Part 1 - Job Order Costing / Process Costing

As the accountant, the company has asked you to perform the following tasks:

1. Prepare an overview diagram of the job-costing system at the SRS Educational Press.

2. Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose of the year-end under- or overallocated manufacturing overhead as a write-off to cost of goods sold. Number your entries. Explanations for each entry may be omitted.

3. Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing Overhead Allocated.

4. How did the SRS Educational Press perform in 2017? Should the company continue to have in-house press production?

You will submit your answers/explanations for Final Project I in a memo-style format to the company's leadership team. Use Microsoft Word and Excel.

Part 2 - Departmental and Master Budgets

At this point, you should have a budget for each of the four departments. You will take the four departmental budgets and prepare the master budget. You will submit the four budgets and the master budget in one Excel file.

Then, using the budget project you just completed, you will create a PowerPoint presentation that will serve as an executive brief to the organization's leadership team. The presentation should include an overview of the budgets and the process for creating the budgets, and it should answer the questions listed below:

1. What were your goals for the master budget you created for July, August, and September?

2. What process did you use to create each of the four budgets? Did the budgeting process differ between different departments? Explain.

Attachment:- Final Project Case Study.rar