Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual returns processed for March (output is measured in number of returns): 11eb6eba_1bbd_fb65_b349_cd95950d37aa_SM1590_00 Required: 1. Prepare a physical flow schedule 2. Prepare an equivalent units schedule. Explain why output is measured in equivalent units. 3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?

Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

النسخة 1الرقم المعياري الدولي: 978-0538736787

Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

النسخة 1الرقم المعياري الدولي: 978-0538736787

تمرين 27

Physical Flow and Equivalent Units with EWIP
Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual returns processed for March (output is measured in number of returns):

Required:
1. Prepare a physical flow schedule
2. Prepare an equivalent units schedule. Explain why output is measured in equivalent units.
3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?

التوضيح

موثّق

1)
Prepare physical flow schedule:
Uni...