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Quantity Cutting Department Assembly Department Packaging Department

This document contains information about the production process and cost allocation for three departments - Cutting, Assembly, and Packaging. It tracks the quantity and costs of materials, labor, and overhead as units are transferred between departments and accumulated as work in process. Schedules calculate equivalent units and unit costs to ensure total costs are properly allocated and accounted for at each stage of production.

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Elaine Fiona Villafuerte
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89 views6 pages

Quantity Cutting Department Assembly Department Packaging Department

This document contains information about the production process and cost allocation for three departments - Cutting, Assembly, and Packaging. It tracks the quantity and costs of materials, labor, and overhead as units are transferred between departments and accumulated as work in process. Schedules calculate equivalent units and unit costs to ensure total costs are properly allocated and accounted for at each stage of production.

Uploaded by

Elaine Fiona Villafuerte
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Quantity Cutting Department Assembly Department Packaging Department

Started in Process 120,000.00 - -


Transferred In - 100,000.00 90,000.00
Transferred Out 100,000.00 90,000.00 75,000.00
Work in Process - End 20,000.00 10,000.00 15,000.00

Stage of Completion
Materials 100% 80% 60%
Labor 40% 60% 70%
Overhead 30% 40% 50%

Allocation Materials Labor Overhead


Cutting Department 42,000.00 16,200.00 32,400.00
Assembly Department 10,500.00 23,200.00 45,000.00
Packaging Department 5,000.00 16,200.00 32,500.00
Cutting Department Assembly Department
Materials
Transferred Out 100,000.00 90,000.00
Work in Process 20,000.00 8,000.00
Equivalent Units 120,000.00 98,000.00

Labor
Transferred Out 100,000.00 90,000.00
Work in Process 8,000.00 6,000.00
Equivalent Units 108,000.00 96,000.00

Overhead
Transferred Out 100,000.00 90,000.00
Work in Process 6,000.00 4,000.00
Equivalent Units 106,000.00 94,000.00
Packaging Department

75,000.00
9,000.00
84,000.00

75,000.00
10,500.00
85,500.00

75,000.00
7,500.00
82,500.00
Quantity Schedule Units
Costs to Be Accounted For:
Started in Process 120,000.00
Total to Be Accounted For 120,000.00
Costs Accounted For:
Transferred Out to Next Dept. 100,000.00
Work in Process - end 20,000.00
Total Accounted For 120,000.00

Cost Schedule Total Cost Equivalent Units Unit Costs


Costs to Be Accounted For:
Materials 42,000.00 120,000.00 0.35
Labor 16,200.00 108,000.00 0.15
Overhead 32,400.00 106,000.00 0.31
Total Costs to Be Accounted For: 90,600.00 0.81

Costs Accounted For:


Transferred Out 80,566.04 100,000.00 0.81
Work in Process – End
Materials 7,000.00 20,000.00 0.35
Labor 1,200.00 8,000.00 0.15
Overhead 1,833.96 6,000.00 0.31
Total Work in Process – End 10,033.96
Total Costs Accounted For: 90,600.00
Quantity Schedule Units
Costs to Be Accounted For:
Transferred In 100,000.00
Total to Be Accounted For 100,000.00
Costs Accounted For:
Transferred Out to Next Dept. 90,000.00
Work in Process - end 10,000.00
Total Accounted For 100,000.00

Cost Schedule Total Cost Equivalent Units Unit Costs


Costs to Be Accounted For:
Costs Transferred In 80,566.04 100,000.00 0.81
Costs Incurred in this Dept.
Materials 10,500.00 98,000.00 0.10714286
Labor 23,200.00 96,000.00 0.24166667
Overhead 45,000.00 94,000.00 0.4787234
Total Costs in this Dept. 78,700.00 0.82753293
Total Costs to Be Accounted For: 159,266.04 1.63

Costs Accounted For:


Transferred Out 146,987.40 90,000.00 1.63
Work in Process – End
Costs Transferred In 8,056.60 10,000.00 0.81
Costs Incurred in this Dept.
Materials 40.71 380.00 0.11
Labor 72.50 300.00 0.24
Overhead 162.77 340.00 0.48
Total Work in Process – End 275.98
Total Costs Accounted For: 147,263.38
Quantity Schedule Units
Costs to Be Accounted For:
Transferred In 90,000.00
Total to Be Accounted For 90,000.00
Costs Accounted For:
Transferred Out to Next Dept. 75,000.00
Work in Process - end 15,000.00
Total Accounted For 90,000.00

Cost Schedule Total Cost Equivalent Units Unit Costs


Costs to Be Accounted For:
Costs Transferred In 146,987.40 90,000.00 1.63
Costs Incurred in this Dept.
Materials 5,000.00 84,000.00 0.059524
Labor 16,200.00 85,500.00 0.189474
Overhead 32,500.00 82,500.00 0.393939
Total Costs in this Dept. 53,700.00 0.642937
Total Costs to Be Accounted For: 200,687.40 2.28

Costs Accounted For:


Transferred Out 170,709.76 75,000.00 2.28
Work in Process – End
Costs Transferred In 24,497.90 15,000.00 1.63
Costs Incurred in this Dept.
Materials 535.71 9,000.00 0.06
Labor 1,989.47 10,500.00 0.19
Overhead 2,954.55 7,500.00 0.39
Total Work in Process – End 29,977.63
Total Costs Accounted For: 200,687.40

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