accounting

Project Description:

problem 22-1
department 7 of the arbia company manufactures a variety of components for products, one of which is part no. 211. data on this part are as follows:
monthly planned cost actual cost july
per unit per unit
direct material and direct labor $30.17 $29.82 $29820
fixed costs, department 7 $6.49 $6.88 $6880
cost allocate to department 7 $13.83 $14.29 $14290
total $50.49 $50.99 $50990


part no.211 can be purchased from an outside vendor for $31.00.

required:
what costs are relevant for each of the following purposes?

a.) for preparing financial statements for july?
b.) for deciding whether to make or buy part no. 211?
c.) for assessing the performance of the manager of department 7?
Skills Required:
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Price Type: Negotiable

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