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eBook Cornerstone Exercise 6.4 (Algorithmic) Cost Information During October, McCourt Associates incurred total production costs of $117,250 for copyediting manuscripts and had the following equivalent
eBook Cornerstone Exercise 6.4 (Algorithmic) Cost Information During October, McCourt Associates incurred total production costs of $117,250 for copyediting manuscripts and had the following equivalent units schedule: Units completed Units in Ew1P Fraction complete : 25 x 0.6 Equivalent units Required: 1. Calculate the cost of copyediting one manuscript for October. 335 15 350 335 per manuscript 2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation. Manuscripts completed EWIP Total assigned . What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $355? Calculate the total costs assigned 112225 5025 $11725C What is the discrepancy between the costs assigned and the costs to account for
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