CH03 – A Production Department
Managerial Accounting
Wild and Shaw
07th Edition
Prepare the production department’s equivalent units of production.
Prepare the production department’s equivalent units of production.
Prepare a process cost summary report using the weighted-average method.
Prepare a process cost summary report using the weighted-average method.
Calculate equivalent units of production and costs per equivalent unit of production.
Compute direct materials and conversion cost per equivalent unit for April.
Prepare a process cost summary report using the weighted-average method.
Prepare journal entries dated June 30.
Determine plantwide overhead rate, department overhead rates, manufacturing costs per unit.
Compute department overhead rates and total cost of overhead.
Compute a plantwide overhead rate, cost per unit, and profit.