Steps in Preparing a Production Report Recently, Stillwater Designs expanded its
ID: 2418012 • Letter: S
Question
Steps in Preparing a Production Report
Recently, Stillwater Designs expanded its market by becoming an original equipment supplier to Jeep Wrangler. Stillwater Designs produces factory upgraded speakers specifically for Jeep Wrangler. The Kicker components and speaker cabinets are outsourced with assembly remaining in-house. Stillwater Designs assembles the product by placing the speakers and other components in cabinets that define an audio package upgrade and that can be placed into the Jeep Wrangler, producing the desired factory-installed appearance. Speaker cabinets and associated Kicker components are added at the beginning of the assembly process.
Required:
1. Prepare a physical flow analysis for the assembly department for the month of April.
Assembly Department
Physical Flow Analysis
For Month of April
Units to account for:
Units in beginning work in process
Correct 6 of Item 1
Units started during the period
Correct 8 of Item 1
Total units to account for
Correct 10 of Item 1
Units accounted for:
Units completed and transferred out:
Started and completed
Correct 14 of Item 1
From beginning work in process
Correct 16 of Item 1
Correct 17 of Item 1
Units in ending work in process
Correct 19 of Item 1
Total units accounted for
Correct 21 of Item 1
Hide FeedbackShow All Feedback
Check My Work Feedback
Post Submission Feedback
Solution
2. Calculate equivalent units of production for the assembly department for the month of April.
3. Calculate unit cost for the assembly department for the month of April.
4. Calculate the cost of units transferred out and the cost of EWIP inventory.
Hide FeedbackShow All Feedback
Check My Work Feedback
Post Submission Feedback
Solution
5. Prepare a cost reconciliation for the assembly department for the month of April.
Assembly Department
Cost Reconciliation
For Month of April
Costs to account for:
Beginning work in process
Correct 6 of Item 3
Incurred during April
Correct 8 of Item 3
Total costs to account for
Correct 10 of Item 3
Costs accounted for:
Goods transferred out
Correct 13 of Item 3
Goods in ending work in process
Correct 15 of Item 3
Total costs accounted for
Correct 17 of Item 3
Hide1. Prepare a physical flow analysis for the assembly department for the month of April.
Assembly Department
Physical Flow Analysis
For Month of April
Units to account for:
Units in beginning work in process
Correct 6 of Item 1
Units started during the period
Correct 8 of Item 1
Total units to account for
Correct 10 of Item 1
Units accounted for:
Units completed and transferred out:
Started and completed
Correct 14 of Item 1
From beginning work in process
Correct 16 of Item 1
Correct 17 of Item 1
Units in ending work in process
Correct 19 of Item 1
Total units accounted for
Correct 21 of Item 1
Explanation / Answer
1. Unit to Accounts for :
Beginning work in progress units 60000 units
Add : units started with 120000 units
Units to accounts for 180000 units
Ending work in progress 30000 units
Add: units completed and transferred 150000 units
Units to accounts for 180000 units
Note:
Units started with =Ending work in progress + units completed - Beginning work in progress
2. equivalent units of production
Components
units percentage completion Equivalent units
units transferred 150000 100% 150000
ending work in progress 30000 20% 6000
156000 units
Conversion cost
units percentage completion Equivalent units
units transferred 150000 100% 150000
ending work in progress 30000 20% 6000
156000 units
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.