XYZ Co has 6 main products. Each product has to go through a number of processes....

Transcribed Image Text:

XYZ Co has 6 main products. Each product has to go through a number of processes. Required: Describe four (4) ways that production cost reports for the various products can be used by managers of XYZ Co in decision-making. Question 2: (16 marks) -to be done in Ms-Excel file Assembly Department has gathered the following information for March 2022: Units of beginning work in process Units started into production... Units completed and transferred out. Units of ending work in process.. Units 22,000 38,000 40,000 20,000 Percentage of completion of conversion costs of ending work in process... 30% Cost of opening work-in-process: Direct materials (100% complete) Conversion cost (partially complete) S30,000 $15.000 Costs incurred in the month: Direct materials.. $90,000 $54,000 Conversion costs.. Required: Prepare a Production Cost Report for Assembly Department for March 2022. This is to be done using Ms-Excel file. XYZ Co has 6 main products. Each product has to go through a number of processes. Required: Describe four (4) ways that production cost reports for the various products can be used by managers of XYZ Co in decision-making. Question 2: (16 marks) -to be done in Ms-Excel file Assembly Department has gathered the following information for March 2022: Units of beginning work in process Units started into production... Units completed and transferred out. Units of ending work in process.. Units 22,000 38,000 40,000 20,000 Percentage of completion of conversion costs of ending work in process... 30% Cost of opening work-in-process: Direct materials (100% complete) Conversion cost (partially complete) S30,000 $15.000 Costs incurred in the month: Direct materials.. $90,000 $54,000 Conversion costs.. Required: Prepare a Production Cost Report for Assembly Department for March 2022. This is to be done using Ms-Excel file.

Answer rating: 100% (QA)

1 2 Un... View the full answer