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Cost Accounting

A Love to Last Corporation


Department A
Cost of Production Report
For the Month of April

Qty Actual Materials X Materials Y


Schedule Units WD EUP WD EUP
In Process April 1 15,000 100% 15,000 0% -
Received 95,000
Total 110,000

Transferred to Finished Goods


In Process April 1 15,000 0% - 100% 15,000
Started 85,000 100% 85,000 100% 85,000
In Process April 30 10,000 100% 10,000 0% -
Total 110,000 95,000 100,000

Cost Charged to Department A Total


Cost
In Process April 1
Materials X 37,500.00
Materials Y -
Labor 60,000.00
Overhead 90,000.00
Total 187,500.00
Cost added during the month:
Materials X 261,250.00
Materials Y 385,000.00
Labor 1,569,375.00
Overhead 2,354,062.50
Total 4,569,687.50
Total Cost to be accounted 4,757,187.50

Cost Accounted as follows:


Transferred to Department B
In Process April 1
Cost Last Month 187,500.00
Cost to complete
Material Y [15,000 X 3.85] 57,750.00
Labor [11,250 X 15.89241] 178,789.56
Overhead [11,250 X 23.83861] 268,184.34 504,723.89
Started and Completed [85,000 X 46.33102]
Total Cost Transferred
In Process April 30
Materials X [10,000 X 2.75] 27,500.00
Labor [2,500 X 15.89241] 39,731.01
Overhead [2,500 X 46.33102] 59,596.52
Total Cost Accounted
A Love to Last Corporation
Department A
Cost of Production Report
For the Month of April

Labor and OH
WD EUP
25% 3,750

75% 11,250
100% 85,000
25% 2,500
98,750

Unit
EUP
Cost

95,000 2.75000
100,000 3.85000
98,750 15.89241
98,750 23.83861
46.33101
46.33101

692,223.89
3,938,136.08
4,630,359.97

126,827.53
4,757,187.50
A Love to Last Corporation
Department B
Cost of Production Report
For the Month of April

Quantity Actual Material Z Skill M Skill N


Schedule Units WD EUP WD EUP WD
In Process April 1 25,000 0% - 80% 20,000 0%
Received 100,000
Added 25,000
Total 150,000
Transferred to Finished Goods
In Process April 1 30,000 100% 30,000 20% 6,000 100%
Started 102,000 100% 102,000 100% 102,000 100%
In Process April 30 18,000 100% 18,000 100% 18,000 60%
Total 150,000 150,000 126,000

Cost Charged to Department B

In Process April 1
Cost from preceeding
Labor - Skill M
Factory overhead
Total cost of In process April 1
Cost from Department A
Cost added this Department
Material Z
Skill M
Skill N
Overhead
Total Cost Added this department
Adjusted cost from preceding department
Total Cost to be accounted
Cost Accounted as follows:
Transferred to Finished Goods
In Process April 1
Cost Last Month
Cost to complete
Material Z 112,200.00
Skill M 12,571.43
Skill N 56,722.69
Overhead 2,812.50
Received and Completed
Total Cost Transferred
In Process April 30
Cost from Department A
Materials Z
Skill M
Skill N
Overhead
Total Cost Accounted
ove to Last Corporation
Department B
st of Production Report
For the Month of April

Skill N Overhead
EUP WD EUP
- 40% 10,000

30,000 60% 18,000


102,000 100% 102,000
10,800 80% 14,400
142,800 134,400

Total Unit
EUP
Cost Cost

1,157,500.00
48,000.00
2,000.00
1,207,500.00
4,630,359.97 100,000 46.30360

561,000.00 150,000 3.74000


264,000.00 126,000 2.09524
270,000.00 142,800 1.89076
21,000.00 134,400 0.15625
1,116,000.00 7.88224
4,630,359.97 120,000 38.58633
6,953,859.97 46.46858

1,207,500.00

184,306.62 1,391,806.62
4,739,794.90
6,131,601.52

694,554.00
67,320.00
37,714.29
20,420.17
2,250.00 822,258.45
6,953,859.97
-
MAGTOTO, JOHN ARREL DWYTE S.
A-338
Average-average
A LOVE TO LAST CORPORATION
COST OF PRODUCTION REPORT
FOR THE MONTH ENDED APRIL 30, 2011
DEPARTMENT A
Quantity Schedule Actual Material X
WD EP
Units IP, Beg 15,000
Started/Received 95,000
Total 110,000

Units Completed & Transfered 100,000 100% 100,000


Units IP, End 10,000 100% 10,000
Total 110,000 110,000

Cost charged to the Department:


Cost added to the Department
IP, Beg PHP 37,500
Material X 60,000
Labor 90,000
Overhead
Added during the month
Material X 261,250
Material Y 385,000
Labor 1,569,375
Overhead 2,354,062.50
Total costs to be accounted for PHP 4,757,187.50

Costs accounted for as follows:


Completed & transfered
IP, End
Material X 27,159.09
Labor 39,740.85
Overhead 59,611.28
Total costs as accounted for

A LOVE TO LAST CORPORATION


COST OF PRODUCTION REPORT
FOR THE MONTH ENDED APRIL 30, 2011
DEPARTMENT B
Quantity Schedule Actual Material Z
WD EP
Units IP, Beg 25,000
Started/Received 100,000
Increase 25,000
Total 150,000
Units Completed & Transfered 132,000 100% 132,000
Units IP, End 18,000 100% 18,000
Total 150,000 150,000

Cost charged to the Department:


Cost from preceding department
IP, Beg PHP 1,157,500.00
Transfered In 4,630,676.27
PHP 5,788,176.27
Cost added to the Department
IP, Beg
Skill M 48000
Overhead 2000
Added during the month
Material Z 561,000
Skill N 270000
Skill M 264000
Overhead 21000
Total cost added to the Department 1,116,000
Adjusted costs from preceding Department 5,788,176.27
Total costs to be accounted for PHP 6,954,176.27

Costs accounted for as follows:


Completed & transfered
IP, End
Cost from preceding department 694,581.15
Material Z 67,320.00
Skill N 20,420.17
Skill M 37,440.00
Overhead 2,262.30
Total costs as accounted for

Journal Entries:
1.) Work in Process - A 4,569,687.50
Work in Process - B 1,116,000.00
Materials 1,207,250.00
Payroll 2,103,375.00
Factory Overhead Applied 2,375,062.50
#
Work in Process - B 4,630,676.27
Work in Process - A 4,630,676.27
#
Finished Goods 6,132,152.66
Work in Process - B 6,132,152.66
Material Y Labor & OH
WD EP WD EP

100% 100,000 100% 100,000


25% 2,500
100,000 102,500

2.71591
3.85000
15.89634
23.84451
PHP 46.30676

4,630,676.27

126,511.23
###

011

Skill N Skill M Overhead


WD EP WD EP WD EP
100% 132,000 100% 132,000 100% 132,000
60% 10,800 100% 18,000 80% 14,400
142,800 150,000 146,400

PHP 46.30541

3.74000
1.89076
2.08000
0.15710
7.86786
38.58784
PHP 46.45570

6,132,152.66

822,023.62
###
A Love to Last Corporation
Department A
Cost of Production Report
For the Month of April

Actual Materials X Materials Y


Quantity Schedule Units WD EUP WD
In Process April 1 15,000
Received 95,000
Total 110,000

Transferred to Finished Goods


In Process April 1 15,000 0% - 100%
Started 85,000 100% 85,000 100%
In Process April 30 10,000 100% 10,000 0%
Total 110,000 95,000

Cost Charged to Department A

In Process April 1
Materials X
Materials Y
Labor
Overhead
Total
Cost added during the month:
Materials X
Materials Y
Labor
Overhead
Total
Total Cost to be accounted

Cost Accounted as follows:


Transferred to Department B
In Process April 1
Cost Last Month
Cost to complete
Material Y 57,750.00
Labor 178,789.56
Overhead 268,184.34
Started and Completed
Total Cost Transferred
In Process April 30
Materials X
Labor
Overhead
Total Cost Accounted
ation

eport
pril

Materials Y Labor and OH


EUP WD EUP

15,000 75% 11,250


85,000 100% 85,000
- 25% 2,500
100,000 98,750

Total Unit
EUP
Cost Cost

37,500.00
-
60,000.00
90,000.00
187,500.00

261,250.00 2.75000
385,000.00 3.85000
1,569,375.00 15.89241
2,354,062.50 23.83861
4,569,687.50 46.33101
4,757,187.50 46.33101

187,500.00

504,723.89 692,223.89
3,938,136.08
4,630,359.97

27,500.00
39,731.01
59,596.52 126,827.53
4,757,187.50
A Love to Last Corporation
Cost of Production Report
For the month of April
(Department B)

Materials Z Skill M
Quantity Schedule Actual Work Done EP Work Done
Units Completed
Units in process, beg. 25,000
Units received 100,000
Increase in units 25,000
Total 150,000
Units Started
Started and completed 132,000 100% 132,000 100%
Units in process, end 18,000 100% 18,000 100%
Total 150,000 150,000

Cost Charge to the Department


Cost in process, beg.
Cost from preceding department
Cost added in the department
In process, beg.
Labor - Skill M
Overhead
Cost added during the month
Material Z
Labor - Skill M
Labor - Skill N
Overhead
Total cost added in the department
Adjusted cost due to increase in units
Total cost to be accounted for

Cost accounted for as follows


Started and completed
Units in process, end
Cost from preceding department
Material Z
Labor - Skill M
Labor - Skill N
Overhead
Total cost as accounted for
to Last Corporation
Production Report
he month of April
epartment B)

Skill M Material N Overhead


EP Work Done EP Work Done EP

132,000 100% 132,000 100% 132,000


18,000 60% 10,800 80% 14,400
150,000 142,800 146,400

1,157,500.00
4,630,359.97 46.30288

48,000.00
2,000.00

561,000.00 3.74000
264,000.00 2.08000
270,000.00 1.89076
21,000.00 0.15710
1,166,000.00 7.86786
38.58573
6,953,859.97 46.45359

6,131,874.31

694,543.20
67,320.00
37,440.00
20,420.17
2,262.30 821,985.66
- 6,953,859.97

-
MAGTOTO, JOHN ARREL DWYTE S.
A-338
Average-average
A LOVE TO LAST CORPORATION
COST OF PRODUCTION REPORT
FOR THE MONTH ENDED APRIL 30, 2011
DEPARTMENT A
Quantity Schedule Actual Material X
WD EP
Units IP, Beg 15,000
Started/Received 95,000
Total 110,000

Units Completed & Transfered 100,000 100% 100,000


Units IP, End 10,000 100% 10,000
Total 110,000 110,000

Cost charged to the Department:


Cost added to the Department
IP, Beg PHP 37,500
Material X 60,000
Labor 90,000
Overhead
Added during the month
Material X 261,250
Material Y 385,000
Labor 1,569,375
Overhead 2,354,062.50
Total costs to be accounted for ###

Costs accounted for as follows:


Completed & transfered
IP, End
Material X 27,159.09
Labor 39,740.85
Overhead 59,611.28
Total costs as accounted for

A Love to Last Corporation


Department B
Cost of Production Report
For the Month of April

Quantity Actual Material Z Skill M


Schedule Units WD EUP WD
In Process April 1 25,000 0% - 80%
Received 100,000
Added 25,000
Total 150,000
Transferred to Finished Goods
In Process April 1 30,000 100% 30,000 20%
Started 102,000 100% 102,000 100%
In Process April 30 18,000 100% 18,000 100%
Total 150,000 150,000

Cost Charged to Department B

In Process April 1
Cost from preceeding
Labor - Skill M
Factory overhead
Total cost of In process April 1
Cost from Department A
Cost added this Department
Material Z
Skill M
Skill N
Overhead
Total Cost Added this department
Adjusted cost from preceding department
Total Cost to be accounted
Cost Accounted as follows:
Transferred to Finished Goods
In Process April 1
Cost Last Month
Cost to complete
Material Z
Skill M
Skill N
Overhead
Received and Completed
Total Cost Transferred
In Process April 30
Cost from Department A
Materials Z
Skill M
Skill N
Overhead
Total Cost Accounted
ORPORATION
TION REPORT
D APRIL 30, 2011
NT A
Material Y Labor & OH
WD EP WD EP

100% 100,000 100% 100,000


25% 2,500
100,000 102,500

2.71591
3.85000
15.89634
23.84451
PHP 46.30676

4,630,676.27

126,511.23
###

Last Corporation
partment B
roduction Report
e Month of April

Skill M Skill N Overhead


EUP WD EUP WD EUP
20,000 0% - 40% 10,000

6,000 100% 30,000 60% 18,000


102,000 100% 102,000 100% 102,000
18,000 60% 10,800 80% 14,400
126,000 142,800 134,400

Total Unit
EUP
Cost Cost

1,157,500.00
48,000.00
2,000.00
1,207,500.00
4,630,676.27 100,000 46.30676

561,000.00 150,000 3.74000


264,000.00 126,000 2.09524
270,000.00 142,800 1.89076
21,000.00 134,400 0.15625
1,116,000.00 7.88224
4,630,676.27 120,000 38.58897
6,954,176.27 46.47121

1,207,500.00

112,200.00
12,571.43
56,722.69
2,812.50 184,306.62 1,391,806.62
4,740,063.76
6,131,870.38

694,601.44
67,320.00
37,714.29
20,420.17
2,250.00 822,305.90
6,954,176.27

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