Actual Materials Labor and OH Qty Schedule Units WD EUP WD

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Following are the Mixing Department production and cost data for the month of November and December

2015 of Jock
Corp.
November December
Quantity % of Compl'n Quantity
In Process Beginning - - ?
Started 80,000.00 95,000.00
In Process End ? 40% ?
Tranferred 75,000.00 88,000.00
Cost incurred for the month of
November December
Materials 168,000.00 200,500.00
Labor 162,000.00 193,200.00
Overhead 202,500.00 241,300.00
Total 532,500.00 635,000.00
Material in this department is added at start of the process.

Required : Prepare the cost of production report of Jock Corporation for the month of November and for the month of
December 2015.

Jock Corporation
Cost of Production Report
For the month of November 2015

Actual Materials Labor and OH


Qty Schedule Units WD EUP WD
Started 80,000.00

Completed 75,000.00 100% 75,000.00 100%


In Process 11/30 5,000.00 100% 5,000.00 40%
Total 80,000.00 80,000.00

Cost charged to the Mixing Department


Total EUP
Materials 168,000.00 80,000.00
Labor 162,000.00 77,000.00
Overhead 202,500.00 77,000.00
Total cost to be accounted for 532,500.00

Cost accounted as follows:


Completed and Transferred 75,000.00 X 6.8337662
In Process 11/30
Materials 5,000.00 X 2.1000000 10,500.00
Labor 2,000.00 X 2.1038961 4,207.79
Overhead 2,000.00 X 2.6298701 5,259.74
Total cost as accounted for

Jock Corporation
Cost of Production Report
For the month of December 2015
FIFO
Actual Materials Labor and OH
Qty Schedule Units WD EUP WD
In Process 12/1 5,000.00 100% 5,000.00 40%
Started 95,000.00
Total 100,000.00

Completed and Transferred


In process 12/1 5,000.00 0% - 60%
Started 83,000.00 100% 83,000.00 100%
In Process Dec 31 12,000.00 100% 12,000.00 70%
Total 100,000.00 95,000.00

Cost charged to the Mixing Department


Total In Process 12/1 Current Cost EUP
Materials 211,000.00 10,500.00 200,500.00 95,000.00
Labor 197,407.79 4,207.79 193,200.00 94,400.00
Overhead 246,559.74 5,259.74 241,300.00 94,400.00
Total cost to be accounted for 654,967.53 19,967.53 635,000.00

Cost accounted as follows:


Completed and Transferred
In process 12/1
Cost last month 19,967.53
Cost to complete
Labor 3,000.00 X 2.0466102 6,139.83
Overhead 3,000.00 X 2.5561441 7,668.43
Started and Completed 83,000.00 X 6.7132806
Total Cost of Completed and Transferred
In Process Dec. 31
Materials 12,000.00 X 2.1105263 25,326.32
Labor 8,400.00 X 2.0466102 17,191.53
Overhead 8,400.00 X 2.5561441 21,471.61
Total cost as accounted for

Jock Corporation
Cost of Production Report
For the month of December 2015
Weighted Average
Actual Materials Labor and OH
Qty Schedule Units WD EUP WD
In Process 12/1 5,000.00 -
Started 95,000.00
Total 100,000.00

Completed and Transferred 88,000.00 100% 88,000.00 100%


In Process Dec 31 12,000.00 100% 12,000.00 70%
Total 12,000.00 100,000.00

Cost charged to the Mixing Department


In Process 12/1 Current Cost Total EUP
Materials 10,500.00 200,500.00 211,000.00 100,000.00
Labor 4,207.79 193,200.00 197,407.79 96,400.00
Overhead 5,259.74 241,300.00 246,559.74 96,400.00
Total cost to be accounted for 19,967.53 635,000.00 654,967.53

Cost accounted as follows:


Completed and Transferred 88,000.00 X 6.7154723
In Process Dec. 31
Materials 12,000.00 X 2.1100000 25,320.00
Labor 8,400.00 X 2.0477987 17,201.51
Overhead 8,400.00 X 2.5576737 21,484.46
Total cost as accounted for

Cost charged to the Mixing Department


In Process 12/1 Current Cost Total EUP
Transferred in Cost/ Cost from 1,321,312.00 423,243.00 1,744,555.00 314,353.00
Cost added this dept.
Materials 10,500.00 200,500.00 211,000.00 100,000.00
Labor 4,207.79 193,200.00 197,407.79 96,400.00
Overhead 5,259.74 241,300.00 246,559.74 96,400.00
Total cost added 19,967.53 635,000.00 654,967.53 292,800.00
Total cost to be accounted for 1,341,279.53 1,058,243.00 2,399,522.53
and December 2015 of Jock

December
% of Compl'n
?

70%

month of

ember and for the month of

Labor and OH
EUP

75,000.00
2,000.00
77,000.00

Unit Cost
2.1000000
2.1038961
2.6298701
6.8337662

512,532.47

19,967.53
532,500.00
Labor and OH
EUP
2,000.00

3,000.00
83,000.00
8,400.00
94,400.00

Unit Cost
2.1105263
2.0466102
2.5561441
6.7132806

33,775.80
557,202.29
590,978.08

63,989.45
654,967.53

Labor and OH
EUP
-

88,000.00
8,400.00
96,400.00

Unit Cost
2.1100000
2.0477987
2.5576737
6.7154723

590,961.56

64,005.97
654,967.53

Unit Cost
5.55

2.1100000
2.0477987
2.5576737
6.72
12.27
PPP Manufacturing Co. operates two consecutive departments (A and B). The following information
pertains to the production of the two departments for August 2015.

Department A Department B
Production Data Units WD Units WD
In process 8/1 6,000 30% 7,000 60%
Started 35,000 31,500
Transferred out 31,500 31,000
In Process 8/31 9,500 20% 7,500 40%
Unit Cost Data
In Process 8/1
Transferred in 7.56
Cost in this department
Materials 2.23 1.94
Labor 1.87 6.83
Overhead 3.46 4.25
Transferred in ?
August Unit Cost

Materials 2.24 1.97


Labor 1.84 6.81
Overhead 3.48 4.75
Materials are added at Beginning 50% beg., 50% end.
PPP Manufacturing Corporation
Department A
Cost of Production Report
For the month of August 2015

Actual Materials Labor and Overhead


Qty Schedule Quantity WD EUP WD
In Process 8/1 6,000.00 100% 6,000.00 30%
Started 35,000.00
Total 41,000.00

Completed and Transferred


In Process 8/1 6,000.00 0% - 70%
Started 25,500.00 100% 25,500.00 100%
In Process 8/31 9,500.00 100% 9,500.00 20%
Total 41,000.00 35,000.00

Total In Process Current


Cost charged to Department A
Cost 1-Aug Cost EUP
Materials 91,780.00 13,380.00 78,400.00 35,000.00
Labor 61,510.00 3,366.00 58,144.00 31,600.00
Overhead 116,196.00 6,228.00 109,968.00 31,600.00
Total cost to be accounted for 269,486.00 22,974.00 246,512.00 98,200.00

Cost accounted as follows:


Completed and Transferred
In Process 8/1 22,974.00
Cost last month
Cost to complete
Labor 4,200.00 X 1.84 7,728.00
Overhead 4,200.00 X 3.48 14,616.00
Started and Completed 25,500.00 X 7.56
Total cost transferred
In process 8/31
Materials 9,500.00 X 2.24 21,280.00
Labor 1,900.00 X 1.84 3,496.00
Overhead 1,900.00 X 3.48 6,612.00
Total cost as accounted for:

PPP Manufacturing Corporation


Department B
Cost of Production Report
For the month of August 2015

Actual Materials Labor and Overhead


Qty Schedule Quantity WD EUP WD
In Process 8/1 7,000.00 50% 3,500.00 60%
Started 31,500.00
Total 38,500.00

Completed and Transferred


In Process 8/1 7,000.00 50% 3,500.00 40%
Received 24,000.00 100% 24,000.00 100%
In Process 8/31 7,500.00 50% 3,750.00 40%
Total 38,500.00 31,250.00

Total In Process Current


Cost charged to Department B
Cost 1-Aug Cost EUP
Cost from Department A 291,018.00 52,920.00 238,098.00 31,500.00
Cost added in Department B
Materials 68,352.50 6,790.00 61,562.50 31,250.00
Labor 231,624.00 28,686.00 202,938.00 29,800.00
Overhead 159,400.00 17,850.00 141,550.00 29,800.00
Total cost added 459,376.50 53,326.00 406,050.50
Total cost to be accounted for 750,394.50 106,246.00 644,148.50

Cost accounted as follows:


Completed and Transferred
In Process 8/1 106,246.00
Cost last month
Cost to complete
Materials 3,500.00 X 1.970000 6,895.00
Labor 2,800.00 X 6.810000 19,068.00
Overhead 2,800.00 X 4.750000 13,300.00
Received and Completed 24,000.00 X 21.088666667
Total cost transferred
In process 8/31
Cost from Department A 7,500.00 X 7.558667 56,690.00
Materials 3,750.00 X 1.970000 7,387.50
Labor 3,000.00 X 6.810000 20,430.00
Overhead 3,000.00 X 4.750000 14,250.00
Total cost as accounted for:
Labor and Overhead
EUP
1,800.00

4,200.00
25,500.00
1,900.00
31,600.00

Unit Cost
2.24
1.84
3.48
7.56

45,318.00
192,780.00
238,098.00 WIP - Dept B
WIP - Dept A

31,388.00
269,486.00

Labor and Overhead


EUP
4,200.00
2,800.00
24,000.00
3,000.00
29,800.00

Unit Cost
7.558667

1.970000
6.810000
4.750000
13.530000
21.088667

145,509.00
506,128.00
651,637.00 FGI
WIP - Dept B

98,757.50
750,394.50
PPP Manufacturing Corporation
Department A
Cost of Production Report
For the month of August 2015

Actual Materials Labor and Overhead


Qty Schedule Quantity WD EUP WD
In Process 8/1 6,000.00 100% 6,000.00 30%
Started 35,000.00
Total 41,000.00

Comple Started 31,500.00 100% 31,500.00 100%


In Process 8/31 9,500.00 100% 9,500.00 20%
Total 41,000.00 41,000.00

In Process Current Total


Cost charged to Department A
1-Aug Cost Cost EUP
Materials 13,380.00 78,460.00 91,840.00 41,000.00
Labor 3,366.00 58,090.00 61,456.00 33,400.00
Overhead 6,228.00 110,004.00 116,232.00 33,400.00
Total cost to be accounted for 22,974.00 246,554.00 269,528.00 107,800.00

Cost accounted as follows:


Completed and Transferred 31,500.00 X 7.56
In process 8/31
Materials 9,500.00 X 2.24 21,280.00
Labor 1,900.00 X 1.84 3,496.00
Overhead 1,900.00 X 3.48 6,612.00
Total cost as accounted for:

PPP Manufacturing Corporation


Department B
Cost of Production Report
For the month of August 2015

Actual Materials Labor and Overhead


Qty Schedule Quantity WD EUP WD
In Process 8/1 7,000.00 50% 3,500.00 60%
Started 31,500.00
Total 38,500.00

Completed and Transferred 31,000.00 100% 31,000.00 100%


In Process 8/31 7,500.00 50% 3,750.00 40%
Total 38,500.00 34,750.00

In Process Current Total


Cost charged to Department B
1-Aug Cost Cost EUP
Cost from Department A 52,920.00 238,140.00 291,060.00 38,500.00
Cost added in Department B
Materials 6,790.00 61,667.50 68,457.50 34,750.00
Labor 28,686.00 202,854.00 231,540.00 34,000.00
Overhead 17,850.00 143,650.00 161,500.00 34,000.00
Total cost added 53,326.00 408,171.50 461,497.50
Total cost to be accounted for 106,246.00 646,311.50 752,557.50 102,750.00

Cost accounted as follows:


Completed and Transferred 31,000.00 X 21.09
In process 8/31
Cost from Department A 7,500.00 X 7.560000 56,700.00
Materials 3,750.00 X 1.970000 7,387.50
Labor 3,000.00 X 6.810000 20,430.00
Overhead 3,000.00 X 4.750000 14,250.00
Total cost as accounted for:
Labor and Overhead
EUP
1,800.00

31,500.00
1,900.00
33,400.00

Unit Cost
2.24
1.84
3.48
7.56

238,140.00

31,388.00
269,528.00

Labor and Overhead


EUP
4,200.00

31,000.00
3,000.00
34,000.00

Unit Cost
7.560000

1.970000
6.810000
4.750000
13.530000
21.090000

653,790.00

98,767.50
752,557.50

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