Process Costing - Loss Units

May 16, 2018 | Author: Akira Marantal Valdez | Category: Cost, Management Accounting, Business, Business Economics, Production And Manufacturing
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*ani Manufacturing Co'-any has its -roducts -rocessed in to consecuti&e de-art'ents, Mixing and Finishing. Con&ersion costs are e&enly a--lied throughout the -rocesses hile 'aterials are added at the start of the -rocess and at the 'iddle of the -rocess for Mixing and Finishing res-ecti&ely. Cost and -roduction data for August are as follos: Cost data:  August factory cost Materials a!or %&erhead Cost fro' Mixing )n *rocess August # Materials a!or %&erhead Cost fro' Mixing *roduction data: )n *rocess, August # *laced in -rocess in August )n *rocess, August 3# oss units

Mixing

Finishing

62,500.00 "0,03#.25 65,256.25

34,425.00 52,5$#.50 40,455.00 (

#4,400.00 6,450.00 5,350.00

+ "40.00 640.00 #$,$20.00

Mixing 6,000 25,000 ( #,000

#3 done #" done

Finishing 2,400 26,000 2,000 #,400

#6 done #4 undone

e/uired: *re-are the cost of -roduction re-ort under a F)F% and ! A&erage assu'ing loss units: 5  Are nor'al disco&ered at C) of $0 for Mixing and at 50 co'-letion for Finishing !efore adding the 'aterials 6 ase on 75 and assu'ing loss units are ex-ected at 2 and 3 of the units co'-leted for Mixing and Finishing res-ecti&ely. res-ecti&ely.

e/uired: *re-are the cost of -roduction re-ort under a F)F% and ! A&erage assu'ing loss units: # or'al disco&ered at the !eginning or during 2 or'al disco&ered at the end 3 A!nor'al disco&ered at the !eginning 4 A!nor'al disco&ered at the end 5 Are ex-ected at 2 of the unit co'-leted and disco&ered at the end 6 Are nor'al disco&ered at C) of $0 for Mixing and at 50 co'-letion for Finishing !efore adding the 'aterial 8 ase on 76 and assu'ing loss units are ex-ected at 2 and 3 of the units co'-leted for Mixing and Finishin res-ecti&ely

s

MIXING

ty chedule )n *rocess A-ril # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess A-ril # tartedecei&ed )n *rocess A-ril 30 or'al loss + eginning >otal Cost Charged to otal Cost to !e accounted Cost Accounted as follos: >ransferred to otal Cost

26,200.00 + 4,000 4,000 6,000 20,000

 

>otal + 24,000 +

3#,5$0.00 3#2,054.35 343,644.35

25,"32.$3 369,477.28

Mixing Material a!or ##,"8".88 + + Becei&ed and Co'-leted  )* end +

%&erhead +

>otal ##,"8".88 24,600 0.4"2"88

MIXING

ty chedule )n *rocess A-ril # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess A-ril # tartedecei&ed )n *rocess A-ril 30 or'al loss + eginning >otal Cost Charged to otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead tartedecei&ed and Co'-leted >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Factory o&erhead control >otal costs as accounted for 

Actual 1nits 6,000 25,000 3#,000

6,000 20,000 4,000 #,000 3#,000 >otal Cost

Materials ;< =1* #00 6,000

0 #00 #00 #00

)n *rocess eg

+ 20,000 4,000 #,000 25,000 Current Cost

86,$00.00 "6,4"#.25 80,606.25 233,$"8.50

#4,400.00 6,450.00 5,350.00 26,200.00

62,500.00 "0,03#.25 65,256.25 208,8"8.50

  233,987.50

26,200.00

208,8"8.50

FINISHING

a!or and %9 ;< =1* #3 2,000

23 #00 #" #00

=1*

25,000 25,500 25,500

4,000 20,000 500 #,000 25,500 1nit Cost

Actual 1nits 2,400 26,000 2",400

2,400 22,600 2,000 #,400 2",400

Material ;< 0

#00 #00 #00 #00

=1* +

2,400 22,600 2,000 #,400 2",400

   

2.500000 3.#3"4"0 2.55$06$ ".#$855

+ #2,553.$2 #0,236.28

4,000 500 500 #,000

   

2.500000 3.#3"4"0 2.55$06$ ".#$855

#0,000.00 #,56$.24 #,28$.53

a!or and %9 ;< =1* #6 400

56 #00 34 #00

>otal Cost

)n *rocess eg

Current Cost

232,"6#.#"

#$,$20.00

2#2,$4#.#"

26,000

2.500000 3.#3"4"0 2.55$06$ ".#$854$

34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50

+ "40.00 640.00 #,4"0.00

34,425.00 52,5$#.50 40,455.00 #28,48#.50

2",400 28,500 28,500

".#$854$

36#,"#2.6"

2#,400.00

340,4#2.6"

26,200.00 + 4,000 4,000 20,000

 

=1*

2,000 22,600 #,500 #,400 28,500 1nit Cost ".#$0045 #.2#2#4" #.$#24#" #.48#0$# 4.5$5658 #2.8"5802

2#,400

4",$$0.20 #63,$50.$" 2#2,$4#.#"

#2,"4".88 ",#$8.55 233,987.50

2,400 2,000 2,000 22,600

   

#.2#2#4" #.$#24#" #.48#0$# #2.8"5802

2,$0$.#5 3,"24."4 2,$42.#"

2,000 2,000 #,500 #,500 #,400

    

".#$0045 #.2#2#4" #.$#24#" #.48#0$# #2.8"5802

#6,3"0.0$ 2,424.30 2,"6".63 2,206.64

3#,086.#8 2"",$56."8 320,033.04

23,"8$.65 #8,"$$.$" 361,812.68

MIXING

ty chedule )n *rocess August # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess August # tartedecei&ed )n *rocess August 3# or'al oss + =nd  A!nor'al loss + =nd >otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Factory o&erhead control >otal costs as accounted for 

Actual 1nits 6,000 25,000 3#,000

6,000 20,000 4,000 520 4"0 3#,000 >otal Cost

Materials ;< =1* #00 6,000

0 #00 #00 #00 #00

)n *rocess eg

+ 20,000 4,000 520 4"0 25,000 Current Cost

86,$00.00 "6,4"#.25 80,606.25 233,$"8.50

#4,400.00 6,450.00 5,350.00 26,200.00

62,500.00 "0,03#.25 65,256.25 208,8"8.50

  233,987.50

26,200.00

208,8"8.50

FINISHING

a!or and %9 ;< =1* #3 2,000

23 #00 #" #00 #00

=1*

25,000 25,500 25,500

4,000 20,000 500 520 4"0 25,500 1nit Cost

Actual 1nits 2,400 26,000 2",400

2,400 22,600 2,000 500 $00 2",400

Material ;< 0

#00 #00 #00 #00 #00

=1* +

2,400 22,600 2,000 500 $00 2",400

    

2.500000 3.#3"4"0 2.55$06$ ".#$855 ".#$855

+ #2,553.$2 #0,236.28

4,000 500 500 4"0

   

2.500000 3.#3"4"0 2.55$06$ ".#$855

#0,000.00 #,56$.24 #,28$.53

a!or and %9 ;< =1* #6 400

56 #00 34 #00 #00

>otal Cost

)n *rocess eg

Current Cost

238,#23.$0

#$,$20.00

2#8,203.$0

26,000

2.500000 3.#3"4"0 2.55$06$ ".#$854$

34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50

+ "40.00 640.00 #,4"0.00

34,425.00 52,5$#.50 40,455.00 #28,48#.50

2",400 28,500 28,500

".#$854$

366,085.40

2#,400.00

344,685.40

26,200.00 + 4,000 4,000 20,000 520

 

=1*

2,000 22,600 #,500 500 $00 28,500 1nit Cost ".353$$6 #.2#2#4" #.$#24#" #.48#0$# 4.5$5658 #2.$4$653

2#,400

4",$$0.20 #63,$50.$" 4,262.83 2#8,203.$0

#2,"4".88 3,$34."2 233,987.50

2,400 2,000 2,000 22,600 500

    

#.2#2#4" #.$#24#" #.48#0$# #2.$4$653 #2.$4$653

2,$0$.#5 3,"24."4 2,$42.#"

2,000 2,000 #,500 #,500 $00

    

".353$$6 #.2#2#4" #.$#24#" #.48#0$# #2.$4$653

#6,808.$$ 2,424.30 2,"6".63 2,206.64

3#,086.#8 2$2,662.#6 6,484."3 330,2#3.#6

24,208.55 ##,654.6$ 366,075.40

MIXING

ty chedule )n *rocess August # tartedecei&ed >otal

Actual 1nits 6,000 25,000 3#,000

>ransferred to Finished ?oods )n *rocess August # tartedecei&ed )n *rocess August 3# or'al loss + $050 >otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted

6,000 20,000 4,000 #,000 3#,000 >otal Cost

Materials ;< =1* #00 6,000

0 #00 #00 #00

)n *rocess eg

+ 20,000 4,000 #,000 25,000 Current Cost

86,$00.00 "6,4"#.25 80,606.25 233,$"8.50

#4,400.00 6,450.00 5,350.00 26,200.00

62,500.00 "0,03#.25 65,256.25 208,8"8.50

  233,987.50

26,200.00

208,8"8.50

Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead  [email protected]'ent for loss units tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead  [email protected]'ent for loss units >otal costs as accounted for  Cost of nor'al loss Cost fro' Mixing Materials a!or %&erhead >otal otal Cost

0 #00 #00 #00 #00

)n *rocess eg

+ 20,000 4,000 520 4"0 25,000 Current Cost

86,$00.00 "6,4"#.25 80,606.25 233,$"8.50

#4,400.00 6,450.00 5,350.00 26,200.00

62,500.00 "0,03#.25 65,256.25 208,8"8.50

  233,987.50

26,200.00

208,8"8.50

Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead  [email protected]'ent for loss units tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead  [email protected]'ent for loss units Factory %&erhead Control >otal costs as accounted for  Cost of nor'al loss Cost fro' Mixing Materials a!or %&erhead >otal otal

Materials ;< =1* #00 6,000

FINISHING

a!or and %9 ;< =1* #3 2,000

23 #00 #" $0 $0

=1*

25,000 25,400 25,400

4,000 20,000 500 46" 432 25,400 1nit Cost

Actual 1nits 2,400 26,000 2",400

2,400 22,600 2,000 #,400

Material ;< 0

#00 #00 #00 0

2",400

=1* +

2,400 22,600 2,000 +

  

2.500000 3.#50"38 2.56$#44

20,000



".2#$$"

4,000 500 500

  

2.500000 3.#50"38 2.56$#44

+ #2,603.35 #0,286.58

56 #00 34 50

2,000 22,600 #,500 800 26,"00

>otal Cost

)n *rocess eg

Current Cost

238,386.4"

#$,$20.00

2#8,456.4"

26,000

".3638##

2.500000 3.#50"38 2.56$#44 ".2#$$"0

34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50

+ "40.00 640.00 #,4"0.00

34,425.00 52,5$#.50 40,455.00 #28,48#.50

28,000 26,"00 26,"00

".2#$$"0

366,327.98

2#,400.00

344,$28.$"

#.285000 #.$6236$ #.50$5#5 4.846""4 0.5236"6 #3.6342"#

=1*

1nit Cost

2#,400

4$,08$.$2 #64,3$$.6# 3,$86.$5 2#8,456.4"

#0,000.00 #,585.42 #,2"4.58

a!or and %9 ;< =1* #6 400

28,000

26,200.00 + 4,000 4,000

 

#2,"5$.$$

2,400 2,000 2,000 2,400 22,600

    

#.285000 #.$6236$ #.50$5#5 0.5236"6 #3.6342"#

3,060.00 3,$24.84 3,0#$.03 #,256."5

32,660.6# 30",#34.84 + 340,8$5.36

2,000 2,000 #,500 #,500 2,000

    

".3638## #.285000 #.$6236$ #.50$5#5 0.5236"6

#6,828.42 2,550.00 2,$43.55 2,264.28 #,048.38

25,532.62

3,68#.03 233,987.50

520 46" 46"

  

2.500000 3.#50"38 2.56$#44

#,300.00 #,484.5$ #,202.36 3,$86.$5

4"0 432 432

  

2.500000 3.#50"38 2.56$#44

#,200.00 #,36#.#6 #,#0$."8 3,68#.03

366,327.98

#,400 + 800 800

   

".3638## #.285000 #.$6236$ #.50$5#5

##,80$.#$ + #,383.66 #,056.66 #4,#3$.5# 28000 0.5236"58

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