Why production cost report showed only equivalent units

Assignment Help Accounting Basics
Reference no: EM132377501

Question: 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 and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.

Reference no: EM132377501

Questions Cloud

Describe the time value of money concept : Provide two (2) examples that demonstrate a change in your theories of financial accounting for managers since the beginning of this course.
CPCCBC4004A Identify and produce estimated costs for project : CPCCBC4004A Identify and produce estimated costs for building and construction projects Assignment help and solution, Calculate the total cost of statutory
What are two ways you can improve : What are two ways you can improve/enhance your profile in the next 6 months?
What type of cost accounting system company should use : Discuss both (A) what type of cost accounting system this company should use, and (B) the documents that you would recommend as part of the cost accounting.
Why production cost report showed only equivalent units : Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.
Analyze and assess effective communication : Your best friend has asked your help in securing a job where you work. You want to help your friend, but you know her social media sites have photos and other.
Conduct a brief literature review of educational research : Summarize and critique the article with the aim of understanding how multivariate procedures are used by educational researchers.
Demonstrate the basic fundamentals of communication : Your supervisor has asked to you write a brief email on the vacation policy changes to be distributed to staff. You will need to listen to a voice mail.
ITECH5500 Professional Research and Communication Assignment : ITECH 5500 Professional Research and Communication Research Proposal - Assignment Help and Solution, Federation University Australia

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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