The production records of Sanyo Denki Philippines, Inc. show the following data: Units: Costs: WIP, Beginning...
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The production records of Sanyo Denki Philippines, Inc. show the following data: Units: Costs: WIP, Beginning - 10,000 WIP, End - 15,000 Started in process -74,000 Units completed and transferred-out-61,000 Spoiled Units - 8,000 WIP, Beginning: 25% converted 80% converted Materials - Php220,000.00 Conversion Costs - Php30,000.00 Added during the period: Materials - Php1,480,000.00 Conversion - Php942,000.00 Case # 1: Sanyo Denki Philippines, Inc. adds materials at the beg. of the process. Inspection is done at the end of the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units to be absorbed by all remaining good units Case #2: Sanyo Denki Philippines, Inc. adds materials at the beg, of the process. Inspection is done at the end of the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units during the process. Case # 3: Sanyo Denki Philippines, Inc. adds materials at the beg. of the process. Inspection is done during the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units during the process after inspection point. Case # 4: Sanyo Denki Philippines, Inc., adds materials at the beg, of the process. Inspection is done during the process and normal spoilage is 10% of good units completed & transferred and 6% of ending units during the process before and/or during inspection point. Case #5: Use case 1 to 4 but materials are added at the end of the process. Requirements: 1. Compute for the units and cost to be accounted for. 2. Compute for the units as accounted for and Equivalent Units of Production (EUP). 3. Compute for the Cost of Units Transferred-out and Ending Good Units 4. Compute for the Cost charged to Operation. 5. Journal Entries to record the transactions. The production records of Sanyo Denki Philippines, Inc. show the following data: Units: Costs: WIP, Beginning - 10,000 WIP, End - 15,000 Started in process -74,000 Units completed and transferred-out-61,000 Spoiled Units - 8,000 WIP, Beginning: 25% converted 80% converted Materials - Php220,000.00 Conversion Costs - Php30,000.00 Added during the period: Materials - Php1,480,000.00 Conversion - Php942,000.00 Case # 1: Sanyo Denki Philippines, Inc. adds materials at the beg. of the process. Inspection is done at the end of the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units to be absorbed by all remaining good units Case #2: Sanyo Denki Philippines, Inc. adds materials at the beg, of the process. Inspection is done at the end of the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units during the process. Case # 3: Sanyo Denki Philippines, Inc. adds materials at the beg. of the process. Inspection is done during the process and normal spoilage is 10% of good units completed and transferred and 6% of ending units during the process after inspection point. Case # 4: Sanyo Denki Philippines, Inc., adds materials at the beg, of the process. Inspection is done during the process and normal spoilage is 10% of good units completed & transferred and 6% of ending units during the process before and/or during inspection point. Case #5: Use case 1 to 4 but materials are added at the end of the process. Requirements: 1. Compute for the units and cost to be accounted for. 2. Compute for the units as accounted for and Equivalent Units of Production (EUP). 3. Compute for the Cost of Units Transferred-out and Ending Good Units 4. Compute for the Cost charged to Operation. 5. Journal Entries to record the transactions.
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Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
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