JIT MANUFACTURING AND PROCESS COSTING Ireland Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisons. The cost of production for the month of April is given below. 11eb6eba_1bc3_c816_b349_b76a83d80d97_SM1590_00 During May, 20,000 stands were produced and sold. Required: 1. Explain why process costing can be used for computing the cost of production for the stands. 2. Calculate the cost per unit for a stand. 3. Explain how activity-based costing can be used to determine the overhead assigned to the cell.

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 45

JIT MANUFACTURING AND PROCESS COSTING
Ireland Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisons. The cost of production for the month of April is given below.

During May, 20,000 stands were produced and sold.
Required:
1. Explain why process costing can be used for computing the cost of production for the stands.
2. Calculate the cost per unit for a stand.
3. Explain how activity-based costing can be used to determine the overhead assigned to the cell.

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Process costing can be used for calculat...