Assume that Stilton Audio uses the weighted average method, where plastic cabinets, and speaker and amplifier components
Question:
Assume that Stilton Audio uses the weighted average method, where plastic cabinets, and speaker and amplifier components are added at the beginning of the assembly process. The following are cost and production data for the assembly process for April:
Required:
1. Prepare a cost of production report for the assembly department for the month of April.
2. Write a report that compares the purpose and content of the cost of production report with the job-order cost sheet.
Transcribed Image Text:
Production: Units in process, April 1, 60 percent complete Units completed and transferred out Units in process, April 30, 20 percent complete 60,000 150,000 30,000 Costs: WIP, April 1: Plastic cabinets Speaker and amplifier components Conversion costs $ 1,200,000 12,600,000 5,400,000 Costs added during April: Plastic cabinets $ 2,400,000 25,200,000 8,640,000 Speaker and amplifier components Conversion costs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
1 2 Although the answers may vary some essential elements should be mentioned in the report The jobo...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
Question Posted:
Students also viewed these Managerial Accounting questions
-
Stilton Audio is a producer of speakers and amplifiers which are housed in plastic cabinets. Currently production of the plastic cabinets as well as final product assembly is completed in-house. For...
-
Stillwater Designs is expanding its market by becoming an original equipment supplier to DaimlerChrysler. DaimlerChrysler will offer a high-end Kicker audio package for its Dodge Neon SRT4 line. As...
-
The owner of Stillwater Designs was pleased with the prospect of becoming an original equipment supplier to DaimlerChrysler. Stillwater designs will provide an audio package for the Dodge Neon SRT4...
-
The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement in the previous problem, supply the missing information using the percentage of sales...
-
Determine the polar moment of inertia and the polar radius of gyration of the shaded area shown with respect to point O. R=a cos 20
-
Experimentally, it has been observed that rust advances through a highly susceptible metal at a rate proportional to \(t^{1 / 2}\). Explain why this should be so, assuming: a. Oxygen diffuses through...
-
(a) identify any outliers (b) draw a modified box-and-whisker plot that represents the data set. Use asterisks (*) to identify outliers. 75 78 80 75 62 72 74 75 80 95 76 72
-
A linear program has a maximum profit of $600. One constraint in this problem is 4X + 2Y 80. Using a computer we find the dual price for this constraint is 3, and there is a lower bound of 75 and an...
-
1: How well do Cummins' vision, mission, and value statements provide a framework for Cummins' decision to follow to the requirements of the EPA consent decree? 2: Considering Cummins strategic...
-
1. Was TierOnes accounting for the loan loss reserve indicative of managed earnings? How would you make that determination? 2. What is the purpose of the auditor's assessment of ICFR? Describe the...
-
During the month of April, the moulding department of Khang Foundry completed and transferred out 34,000 units. At the end of April, there were 12,000 units in process, 60 percent complete. Khang...
-
Bonavista Quality Ltd. manufactures granite countertops for residential and commercial markets. The company operates two departments, mixing and packaging. This problem focuses strictly on the...
-
Jupiter Company expects to operate at 90% of productive capacity during May. The total manufacturing costs for May for the production of 25,000 batteries are budgeted as follows: Direct materials...
-
A customer arrives at a customer service desk without an appointment and says he's in a hurry. Though walk-ins are allowed, the agent is busy. What should the agent do?
-
111. Study the given figure and find out :- Cross A 0 Cross B 0' Parental Yellow, white Wild type white miniature Wild type F. generation Q O+ Wild type Yellow, white Wild type white miniature white...
-
130 g of water is placed in a 10-g aluminum cup. Both the water and cup start at temperature 40 C. 30 g of ice at an initial temperature of 0 C is added to the water. The ice is allowed to melt and...
-
Fatima purchased a new mattress when it was on sale. The sale price was 32% less than the regular price. If the sale price was $405, what was the original price? (Round your answer to the nearest...
-
How does Performance Management contribute to organizational success in today's dynamic business environment?
-
Each day, Lixia Ltd. processes 1 ton of a secret raw material into two resulting products, AB1 and XY1. When it processes 1 ton of the raw material, the company incurs joint processing costs of...
-
r = 0.18 Find the coefficients of determination and non-determination and explain the meaning of each.
-
Explain why the timing and quantity of cash flows are important in capital investment decisions.
-
The time value of money is ignored by the payback period and the ARR. Explain why this is a major deficiency in these two models.
-
What is the payback period? Compute the payback period for an investment requiring an initial outlay of $80,000 with expected annual cash inflows of $30,000.
-
You are thinking about purchasing a condominium. The condo is located in Vancouver and its market price is $550,000. You met with the loans officer at your bank and you found the following terms most...
-
4. Methane burns in air with an equivalence ratio of =0.85, determine the composition of the products: What are the Mass Fractions of each species in the Products?
-
1. Describe the health and safety requirements of the area in which the installation activity is to take place, and the responsibility these requirements place on the learner 2. Describe the...
Study smarter with the SolutionInn App