14) Managerial Financial Accounting Assignments AP3-8 Solution

14) Managerial Financial Accounting Assignments AP3-8 Solution

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AP3-8
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Incorrect. Production Cost Report, Missing Information [LO 2,3,4,5] Marion Chemicals produces a chemical used as a base in paints. In the manufacturing process, all materials are added at the start of the process, whereas labor and overhead are added evenly throughout production. Fill in the missing information in Marion's Production Cost Report for the month of December. (Enter total cost per equivalent unit to 2 decimal places, e.g. 5.25.) Marion Chemicals Production Cost Report December 2011 Unit Reconciliation Units in beginning WIP (100% material, 10% conversion costs) 8,300 Units started during December [no answer] Units to account for [no answer] Units completed [no answer]
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Units in ending WIP (100% material, 20% conversion costs) 4,600 Units accounted for [no answer] Cost Per Equivalent Unit Calculation Material Labor Overhead Total Cost Beginning WIP $53,000 $17,700 $35,900 $106,600 Cost incurred in December [no answer] [no answer] [no answer] [no answer] Total [no answer]
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This note was uploaded on 06/21/2011 for the course MANAGERIAL MT425 taught by Professor Hodgson,k during the Spring '11 term at Kaplan University.

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14) Managerial Financial Accounting Assignments AP3-8 Solution

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