Process Costing - Loss Units
Short Description
costac...
Description
*ani Manufacturing Co'-any has its -roducts -rocessed in to consecuti&e de-art'ents, Mixing and Finishing. Con&ersion costs are e&enly a--lied throughout the -rocesses hile 'aterials are added at the start of the -rocess and at the 'iddle of the -rocess for Mixing and Finishing res-ecti&ely. Cost and -roduction data for August are as follos: Cost data: August factory cost Materials a!or %&erhead Cost fro' Mixing )n *rocess August # Materials a!or %&erhead Cost fro' Mixing *roduction data: )n *rocess, August # *laced in -rocess in August )n *rocess, August 3# oss units
Mixing
Finishing
62,500.00 "0,03#.25 65,256.25
34,425.00 52,5$#.50 40,455.00 (
#4,400.00 6,450.00 5,350.00
+ "40.00 640.00 #$,$20.00
Mixing 6,000 25,000 ( #,000
#3 done #" done
Finishing 2,400 26,000 2,000 #,400
#6 done #4 undone
e/uired: *re-are the cost of -roduction re-ort under a F)F% and ! A&erage assu'ing loss units: 5 Are nor'al disco&ered at C) of $0 for Mixing and at 50 co'-letion for Finishing !efore adding the 'aterials 6 ase on 75 and assu'ing loss units are ex-ected at 2 and 3 of the units co'-leted for Mixing and Finishing res-ecti&ely. res-ecti&ely.
e/uired: *re-are the cost of -roduction re-ort under a F)F% and ! A&erage assu'ing loss units: # or'al disco&ered at the !eginning or during 2 or'al disco&ered at the end 3 A!nor'al disco&ered at the !eginning 4 A!nor'al disco&ered at the end 5 Are ex-ected at 2 of the unit co'-leted and disco&ered at the end 6 Are nor'al disco&ered at C) of $0 for Mixing and at 50 co'-letion for Finishing !efore adding the 'aterial 8 ase on 76 and assu'ing loss units are ex-ected at 2 and 3 of the units co'-leted for Mixing and Finishin res-ecti&ely
s
MIXING
ty chedule )n *rocess A-ril # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess A-ril # tartedecei&ed )n *rocess A-ril 30 or'al loss + eginning >otal Cost Charged to otal Cost to !e accounted Cost Accounted as follos: >ransferred to otal Cost
26,200.00 + 4,000 4,000 6,000 20,000
>otal + 24,000 +
3#,5$0.00 3#2,054.35 343,644.35
25,"32.$3 369,477.28
Mixing Material a!or ##,"8".88 + + Becei&ed and Co'-leted )* end +
%&erhead +
>otal ##,"8".88 24,600 0.4"2"88
MIXING
ty chedule )n *rocess A-ril # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess A-ril # tartedecei&ed )n *rocess A-ril 30 or'al loss + eginning >otal Cost Charged to otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead tartedecei&ed and Co'-leted >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Factory o&erhead control >otal costs as accounted for
Actual 1nits 6,000 25,000 3#,000
6,000 20,000 4,000 #,000 3#,000 >otal Cost
Materials ;< =1* #00 6,000
0 #00 #00 #00
)n *rocess eg
+ 20,000 4,000 #,000 25,000 Current Cost
86,$00.00 "6,4"#.25 80,606.25 233,$"8.50
#4,400.00 6,450.00 5,350.00 26,200.00
62,500.00 "0,03#.25 65,256.25 208,8"8.50
233,987.50
26,200.00
208,8"8.50
FINISHING
a!or and %9 ;< =1* #3 2,000
23 #00 #" #00
=1*
25,000 25,500 25,500
4,000 20,000 500 #,000 25,500 1nit Cost
Actual 1nits 2,400 26,000 2",400
2,400 22,600 2,000 #,400 2",400
Material ;< 0
#00 #00 #00 #00
=1* +
2,400 22,600 2,000 #,400 2",400
2.500000 3.#3"4"0 2.55$06$ ".#$855
+ #2,553.$2 #0,236.28
4,000 500 500 #,000
2.500000 3.#3"4"0 2.55$06$ ".#$855
#0,000.00 #,56$.24 #,28$.53
a!or and %9 ;< =1* #6 400
56 #00 34 #00
>otal Cost
)n *rocess eg
Current Cost
232,"6#.#"
#$,$20.00
2#2,$4#.#"
26,000
2.500000 3.#3"4"0 2.55$06$ ".#$854$
34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50
+ "40.00 640.00 #,4"0.00
34,425.00 52,5$#.50 40,455.00 #28,48#.50
2",400 28,500 28,500
".#$854$
36#,"#2.6"
2#,400.00
340,4#2.6"
26,200.00 + 4,000 4,000 20,000
=1*
2,000 22,600 #,500 #,400 28,500 1nit Cost ".#$0045 #.2#2#4" #.$#24#" #.48#0$# 4.5$5658 #2.8"5802
2#,400
4",$$0.20 #63,$50.$" 2#2,$4#.#"
#2,"4".88 ",#$8.55 233,987.50
2,400 2,000 2,000 22,600
#.2#2#4" #.$#24#" #.48#0$# #2.8"5802
2,$0$.#5 3,"24."4 2,$42.#"
2,000 2,000 #,500 #,500 #,400
".#$0045 #.2#2#4" #.$#24#" #.48#0$# #2.8"5802
#6,3"0.0$ 2,424.30 2,"6".63 2,206.64
3#,086.#8 2"",$56."8 320,033.04
23,"8$.65 #8,"$$.$" 361,812.68
MIXING
ty chedule )n *rocess August # tartedecei&ed >otal >ransferred to Finished ?oods )n *rocess August # tartedecei&ed )n *rocess August 3# or'al oss + =nd A!nor'al loss + =nd >otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Factory o&erhead control >otal costs as accounted for
Actual 1nits 6,000 25,000 3#,000
6,000 20,000 4,000 520 4"0 3#,000 >otal Cost
Materials ;< =1* #00 6,000
0 #00 #00 #00 #00
)n *rocess eg
+ 20,000 4,000 520 4"0 25,000 Current Cost
86,$00.00 "6,4"#.25 80,606.25 233,$"8.50
#4,400.00 6,450.00 5,350.00 26,200.00
62,500.00 "0,03#.25 65,256.25 208,8"8.50
233,987.50
26,200.00
208,8"8.50
FINISHING
a!or and %9 ;< =1* #3 2,000
23 #00 #" #00 #00
=1*
25,000 25,500 25,500
4,000 20,000 500 520 4"0 25,500 1nit Cost
Actual 1nits 2,400 26,000 2",400
2,400 22,600 2,000 500 $00 2",400
Material ;< 0
#00 #00 #00 #00 #00
=1* +
2,400 22,600 2,000 500 $00 2",400
2.500000 3.#3"4"0 2.55$06$ ".#$855 ".#$855
+ #2,553.$2 #0,236.28
4,000 500 500 4"0
2.500000 3.#3"4"0 2.55$06$ ".#$855
#0,000.00 #,56$.24 #,28$.53
a!or and %9 ;< =1* #6 400
56 #00 34 #00 #00
>otal Cost
)n *rocess eg
Current Cost
238,#23.$0
#$,$20.00
2#8,203.$0
26,000
2.500000 3.#3"4"0 2.55$06$ ".#$854$
34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50
+ "40.00 640.00 #,4"0.00
34,425.00 52,5$#.50 40,455.00 #28,48#.50
2",400 28,500 28,500
".#$854$
366,085.40
2#,400.00
344,685.40
26,200.00 + 4,000 4,000 20,000 520
=1*
2,000 22,600 #,500 500 $00 28,500 1nit Cost ".353$$6 #.2#2#4" #.$#24#" #.48#0$# 4.5$5658 #2.$4$653
2#,400
4",$$0.20 #63,$50.$" 4,262.83 2#8,203.$0
#2,"4".88 3,$34."2 233,987.50
2,400 2,000 2,000 22,600 500
#.2#2#4" #.$#24#" #.48#0$# #2.$4$653 #2.$4$653
2,$0$.#5 3,"24."4 2,$42.#"
2,000 2,000 #,500 #,500 $00
".353$$6 #.2#2#4" #.$#24#" #.48#0$# #2.$4$653
#6,808.$$ 2,424.30 2,"6".63 2,206.64
3#,086.#8 2$2,662.#6 6,484."3 330,2#3.#6
24,208.55 ##,654.6$ 366,075.40
MIXING
ty chedule )n *rocess August # tartedecei&ed >otal
Actual 1nits 6,000 25,000 3#,000
>ransferred to Finished ?oods )n *rocess August # tartedecei&ed )n *rocess August 3# or'al loss + $050 >otal Cost Charged to Mixing )n *rocess August # Cost fro' Mixing Cost Added Materials a!or %&erhead >otal >otal Cost to !e accounted
6,000 20,000 4,000 #,000 3#,000 >otal Cost
Materials ;< =1* #00 6,000
0 #00 #00 #00
)n *rocess eg
+ 20,000 4,000 #,000 25,000 Current Cost
86,$00.00 "6,4"#.25 80,606.25 233,$"8.50
#4,400.00 6,450.00 5,350.00 26,200.00
62,500.00 "0,03#.25 65,256.25 208,8"8.50
233,987.50
26,200.00
208,8"8.50
Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead Ad@ust'ent for loss units tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Ad@ust'ent for loss units >otal costs as accounted for Cost of nor'al loss Cost fro' Mixing Materials a!or %&erhead >otal otal Cost
0 #00 #00 #00 #00
)n *rocess eg
+ 20,000 4,000 520 4"0 25,000 Current Cost
86,$00.00 "6,4"#.25 80,606.25 233,$"8.50
#4,400.00 6,450.00 5,350.00 26,200.00
62,500.00 "0,03#.25 65,256.25 208,8"8.50
233,987.50
26,200.00
208,8"8.50
Cost Accounted as follos: >ransferred to Finishing )n *rocess August # Cost ast Month Cost to co'-lete Materials a!or %&erhead Ad@ust'ent for loss units tartedecei&ed and Co'-leted Cost of nor'al loss >otal Cost >ransferred )n *rocess August 3# Cost fro' Mixing Materials a!or %&erhead Ad@ust'ent for loss units Factory %&erhead Control >otal costs as accounted for Cost of nor'al loss Cost fro' Mixing Materials a!or %&erhead >otal otal
Materials ;< =1* #00 6,000
FINISHING
a!or and %9 ;< =1* #3 2,000
23 #00 #" $0 $0
=1*
25,000 25,400 25,400
4,000 20,000 500 46" 432 25,400 1nit Cost
Actual 1nits 2,400 26,000 2",400
2,400 22,600 2,000 #,400
Material ;< 0
#00 #00 #00 0
2",400
=1* +
2,400 22,600 2,000 +
2.500000 3.#50"38 2.56$#44
20,000
".2#$$"
4,000 500 500
2.500000 3.#50"38 2.56$#44
+ #2,603.35 #0,286.58
56 #00 34 50
2,000 22,600 #,500 800 26,"00
>otal Cost
)n *rocess eg
Current Cost
238,386.4"
#$,$20.00
2#8,456.4"
26,000
".3638##
2.500000 3.#50"38 2.56$#44 ".2#$$"0
34,425.00 53,43#.50 4#,0$5.00 #2",$5#.50
+ "40.00 640.00 #,4"0.00
34,425.00 52,5$#.50 40,455.00 #28,48#.50
28,000 26,"00 26,"00
".2#$$"0
366,327.98
2#,400.00
344,$28.$"
#.285000 #.$6236$ #.50$5#5 4.846""4 0.5236"6 #3.6342"#
=1*
1nit Cost
2#,400
4$,08$.$2 #64,3$$.6# 3,$86.$5 2#8,456.4"
#0,000.00 #,585.42 #,2"4.58
a!or and %9 ;< =1* #6 400
28,000
26,200.00 + 4,000 4,000
#2,"5$.$$
2,400 2,000 2,000 2,400 22,600
#.285000 #.$6236$ #.50$5#5 0.5236"6 #3.6342"#
3,060.00 3,$24.84 3,0#$.03 #,256."5
32,660.6# 30",#34.84 + 340,8$5.36
2,000 2,000 #,500 #,500 2,000
".3638## #.285000 #.$6236$ #.50$5#5 0.5236"6
#6,828.42 2,550.00 2,$43.55 2,264.28 #,048.38
25,532.62
3,68#.03 233,987.50
520 46" 46"
2.500000 3.#50"38 2.56$#44
#,300.00 #,484.5$ #,202.36 3,$86.$5
4"0 432 432
2.500000 3.#50"38 2.56$#44
#,200.00 #,36#.#6 #,#0$."8 3,68#.03
366,327.98
#,400 + 800 800
".3638## #.285000 #.$6236$ #.50$5#5
##,80$.#$ + #,383.66 #,056.66 #4,#3$.5# 28000 0.5236"58
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