Income from the forest
Classified in Mathematics
Written at on English with a size of 2.09 KB.
A process manufacturer produces indistinguishable products in a continuous production process.
started and completed: (completed - beginning WIP ) or (started - ending WIP)
added at the beg process: 0,100,100
equivalent units for conversion costs: %dif, 100,%dado
Direct materials cost per equivalent unit: total direct materials cost for he period / total equivalent units of direct materials
Conversion cost per equivalent unit: total conversion costs for the period / total equivalent units of conversion costs
cost of transferred in mat: WIP1. Debit WIP2. Credit Materials. Credit
conversion cost: WIP1. Debit factoryOH. Credit Wages payable. Credit
Transferred finished goods: Finished goods. Debit. WIP1 credit
balance of WIP: beg inv+totalmaterials+totalfactoryOH-finishedgoods
Variable cost per unit: difference in totalcost / difference in units produced
fixed cost: total cost - (variable cost per unit * units produced) choose one
total cost: (variable cost per unit * units produced) + fixed costs
contribution margin= sales - variable costs
sales = (units produced * sales per unit)
variable cost= (units prod * variable per unit)
contribution margin ratio = contribution margin / sales
unit contra margin= sales price p unit - variable cost per unit
income from ope: contrimargin - fixed cost