Question
The sanding department of Hanninen Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 10,950
The sanding department of Hanninen Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 10,950 units finished and transferred out; 3,640 units started that are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $48,147; labour $41,500; overhead $34,404. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
| HANNINEN FURNITURE COMPANY Sanding Department Production Cost Report For the Month Ended March 31, 2020 | |||||||||
| Equivalent Units | |||||||||
| Quantities | Physical Units | Materials | Conversion Costs | Total | |||||
| Units to be accounted for | |||||||||
| Work in process, March 1 | |||||||||
| Started into production | |||||||||
| Total units | |||||||||
| Units accounted for | |||||||||
| Transferred out | |||||||||
| Work in process, March 31 | |||||||||
| Total units | |||||||||
| Costs | |||||||||
| Unit costs | |||||||||
| Costs in March | $ | $ | $ | ||||||
| Equivalent units | |||||||||
| Unit costs | $ | $ | $ | ||||||
| Costs to be accounted for | |||||||||
| Work in process, March 1 | $ | ||||||||
| Started into production | |||||||||
| Total costs | $ | ||||||||
| Cost Reconciliation Schedule | |||||||||
| Costs accounted for | |||||||||
| Transferred out | $ | ||||||||
| Work in process, March 31 | |||||||||
| Materials | $ | ||||||||
| Conversion costs | |||||||||
| Total costs | $ | ||||||||
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Towards A Strategic Human Resource Management Roles Of HR Audit And Org Culture
Authors: Adel Al Samman
1st Edition
3330653051, 978-3330653054
