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

تمرين 51

PHYSICAL FLOW, EQUIVALENT UNITS, UNIT COSTS, NO BEGINNING WIP INVENTORY, ACTIVITY-BASED COSTING
Arnez, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Overhead is applied using the following drivers and activity rates:

Other data for the Plate Cutting Department are as follows:

Required:
1. Prepare a physical flow schedule.
2. Calculate equivalent units of production for:
a. Direct materials
b. Conversion costs
3. Calculate unit costs for:
a. Direct materials
b. Conversion costs
c. Total manufacturing
4. Provide the following information:
a. The total cost of units transferred out
b. The journal entry for transferring costs from Plate Cutting to Welding
c. The cost assigned to units in ending inventory