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Sprint Corporation

Cost of Production Report


For the month of October 2014
Department X

QUANTITY SCHEDULE Actual Units Work Done Equivalent Production


Started in process 4,000
Total units to be accounted for 4,000

Started, finished and transferred 3,000 100% 3,000


Work in process, end 1,000 20% 200
Total units as accounted for 4,000 3,200

COST ANALYSIS Total Costs Units Unit Cost


Cost incurred in this Dept.
Materials 64,000 3,200 20
Labor 38,400 3,200 12
Overhead 51,200 3,200 16
Total cost to be accounted for 153,600 48

Completed and transferred to Dept. Y 144,000


Work in process, end 9,600
Total costs accounted for 153,600
Sprint Corporation
Cost of Production Report
For the month of October 2014
Department Y

QUANTITY SCHEDULE Actual Units Work Done Equivalent Production


Started in process 3,000
Total units to be accounted for 3,000

Started, finished and transferred 2,800 100% 2,800


Work in process, end 200 50% 100
Total units as accounted for 3,000 2,900

COST ANALYSIS Total Costs Units Unit Cost


Costs transferred in from Dept. X 144,000 3,000 48
Cost incurred in this Dept.
Materials 34,800 2,900 12
Labor 29,000 2,900 10
Overhead 23,200 2,900 8
Total 87,000 30
Total cost to be accounted for 231,000 78

Completed and transferred to Dept. Z 218,400


Work in process, end
Cost transferred in from Dept. X 9,600
Cost incurred in this Dept. 3,000
Total 12,600
Total costs accounted for 231,000
Sprint Corporation
Cost of Production Report
For the month of October 2014
Department Z

QUANTITY SCHEDULE Actual Units Work Done


Started in process 2,800
Total units to be accounted for 2,800

Started, finished and transferred 2,000 100%


Work in process, end 800 25%
Total units as accounted for 2,800

COST ANALYSIS Total Costs Units


Costs transferred in from Dept. Y 218,400 2,800
Cost incurred in this Dept.
Materials 22,000 2,200
Labor 13,200 2,200
Overhead 8,800 2,200
Total 44,000
Total cost to be accounted for 262,400

Completed and transferred out to finished goods 196,000


Work in process, end
Cost transferred in from Dept. Y 62,400
Cost incurred in this Dept. 4,000
Total 66,400
Total costs accounted for 262,400
Equivalent Production

2,000
200
2,200

Unit Cost
78

10
6
4
20
98
Harlem Company
Cost of Production
For the month of March, 2015
Department A

Materials
QUANTITY SCHEDULE Actual Units Work Done Equivalent Production
Work in process, beginning 3,000 100%
Started in process 12,000
Total units to be accounted for 15,000

Work in process, Beginning, finished and transferred 3,000 0% 0


Started, finished and transferred 6,000 100% 6,000
Work in process, end 6,000 100% 6,000
Total units as accounted for 15,000 12000

COST ANALYSIS Total Costs Units Unit Cost


Cost this month
Materials 36,000 12,000 3
Labor 24000 12,000 2
Overhead 17,100 11,400 1.5
Total 77,100 6.5
Cost last month 13,000
Total cost to be accounted for 90,100

Transferred out to Dept. B


Work in process, beginning
Cost last month 13,000
Cost this month
Materials 0
Labor 3,600
Overhead 3,600
Total 20,200
Started and completed 39,000
59,200

Work in process, end


Materials 18,000
Labor 8,400
Overhead 4,500
30,900
Total costs accounted for 90,100
any
tion
arch, 2015
A

Labor Overhead
Work Done Equivalent Production Work Done Equivalent Production
40% 20%

60% 1,800 80% 2,400


100% 6,000 100% 6,000
70% 4,200 50% 3,000
12,000 11,400
Harlem Company
Cost of Production
For the month of March, 2015
Department B

Materials
QUANTITY SCHEDULE Actual Units Work Done Equivalent Production
Work in process, beginning 1,000 30%
Started in process 9,000
Total units to be accounted for 10,000

Work in process, Beginning, finished and transferred 1,000 70% 700


Started, finished and transferred 7,000 100% 7,000
Started, finished and on hand 500 100% 500
Work in process, end 1,500 40% 600
Total units as accounted for 10,000 8800

COST ANALYSIS Total Costs Units Unit Cost


Costs transferred in from Dept. A 59,200 9,000 6.57778
Costs incurred in this Dept.
Materials 52,800 8,800 6
Labor 44,000 8,800 5
Overhead 35,200 8,800 4
Total 132,000 15
Cost this month 191,200 21.57778
Cost last month 21,000
Total cost to be accounted for 212,200

Transferred out to Dept. C


Work in process, beginning
Cost last month 21,000
Cost this month
Materials 4,200
Labor 3,500
Overhead 2,800
Total 31,500
Started and completed 151,044
Total 182,544
Finished on hand 10,789
Work in process, end
Cost transferred in from Dept. A 9,867
Cost incurred in this Dept.
Materials 3,600
Labor 3,000
Overhead 2,400
Total 18,867
Total costs accounted for 212,200
any
tion
arch, 2015
B

Labor Overhead
Work Done Equivalent Production Work Done Equivalent Production
30% 30%

70% 700 70% 700


100% 7,000 100% 7,000
100% 500 100% 500
40% 600 40% 600
8800 8800
Harlem Company
Cost of Production
For the month of March, 2015
Department B

Materials
QUANTITY SCHEDULE Actual Units Work Done Equivalent Production
Work in process, beginning 2,000 0%
Started in process 8,000
Total units to be accounted for 10,000

Work in process, Beginning, finished and transferred 2,000 100% 2,000


Started, finished and transferred 4,000 100% 4,000
Work in process, end 4,000 0% 0
Total units as accounted for 10,000 6,000

COST ANALYSIS Total Costs Units Unit Cost


Costs transferred in from Dept. B 182,544 8,000 22.818
Costs incurred in this Dept.
Materials 36,000 6,000 6
Labor 34,000 6,800 5
Overhead 19,800 6,600 3
Total 89,800 14
Cost this month 272,344 36.818
Cost last month 8,000
Total cost to be accounted for 280,344

Transferred out to finished goods


Work in process, beginning
Cost last month 8,000
Cost this month
Materials 12,000
Labor 8,000
Overhead 5,400
Total 33,400
Started in process 147,272
Total 180,672

Work in process, end


Cost transferred in from Dept. B 91,272
Cost incurred in this Dept.
Materials 0
Labor 6,000
Overhead 2,400
Total 99,672
Total costs accounted for 280,344
any
tion
arch, 2015
B

Labor Overhead
Work Done Equivalent Production Work Done Equivalent Production
20% 10%

80% 1,600 90% 1,800


100% 4,000 100% 4,000
30% 1,200 20% 800.00
6,800 6,600

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