CH03 – First Production Department (April)
Managerial Accounting
Wild and Shaw
07th Edition
Compute direct materials and conversion cost per equivalent unit for April.
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Compute direct materials and conversion cost per equivalent unit for April.
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Prepare a process cost summary report using the weighted-average method.
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Prepare journal entries dated June 30.
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Determine plantwide overhead rate, department overhead rates, manufacturing costs per unit.
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Compute department overhead rates and total cost of overhead.
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Compute a plantwide overhead rate, cost per unit, and profit.
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Compute the departmental OH rates and cost and profit per unit.
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Test the significance of the relationship between production volume and total cost in manufacturing using ANOVA analysis.
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EOQ, avg inventory, number orders, days between orders, costs.
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What is economic order quantity? Which supplier should be used?
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