Make a Cost of Production Report Ererolse 7: Cost of Production Roport with Abnormal Loss; Uneven ApplicsDiamanto Mfg. Co. hasitsproduct processed in two consecutive departmenta, Aand262 Chptortion of Cost.B. The following data are given on the January, 19D produstion of Dept. B:Quantity data:In process, Jan. 1Received from Dept. A..In process, Jan. 31...... imAbnormal loss ......2,000 units, 1/4 dong20,000 units8,200 units, 1/4 done1,000 units, 1/5 doneCost data:In process, Jan. 1...Received from Dept. A..Factory costs:Materials.P 6,32220,000.......52,00010,9807,320LaborFactory overheadMaterials are added at the start while conversion cbats are applied evenly throughout the process.Required: Cost of production report.

The cost per unit is determined based on the equivalent units. The equivalent units are determined…

Eercloe 7 Cost af Production Report with Abnormal Loss; Uneven Applics Diamanto Mfg. Co. hasitaproduct processed in two consecutive departmenta, A md 262 Cpior ViI tion of Cost. B. The following data are given on the January, 19D produstion of Dept. B: Quantity data: In process, Jan. 1.. Received from Dept. A. In process, Jan. 31.... Abnormal loss ... 2,000 units, 1/4 doon 20,000 units 3,200 units, 1/4 dona 1,000 units, 1/5 done ... Cost data: In process, Jan. 1. Received from Dept. A…... Factory costs: Materials. P 6,322 20,000 52,000 10,980 7,320 ..... Labor ...sde Factory overhead Materials are added at the start while conversion cbals are applied evenly throug out the process. Requiredr Cost of production report.

Eercloe 7 Cost af Production Report with Abnormal Loss; Uneven Applics Diamanto Mfg. Co. hasitaproduct processed in two consecutive departmenta, A md 262 Cpior ViI tion of Cost. B. The following data are given on the January, 19D produstion of Dept. B: Quantity data: In process, Jan. 1.. Received from Dept. A. In process, Jan. 31.... Abnormal loss ... 2,000 units, 1/4 doon 20,000 units 3,200 units, 1/4 dona 1,000 units, 1/5 done ... Cost data: In process, Jan. 1. Received from Dept. A…... Factory costs: Materials. P 6,322 20,000 52,000 10,980 7,320 ..... Labor ...sde Factory overhead Materials are added at the start while conversion cbals are applied evenly throug out the process. Requiredr Cost of production report.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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