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you are the managerial accountant are asked by the CEO

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Question;the expenses that will be included: direct labor, direct materials, utilities depreciation, maintenance, insurance on the equipment, rent on the plant, administrative salaries, rent for the office. In a memo format explain to Mr. Smith and the president what will be included in product costing.1. Explain what is involved in a product costing system. 2. Explain why Wilson West manufacturing needs to have a product costing system.3. Allocate the above expenses, Varaible cost: The unit rate is $0.25 and the actual hours are used for manufacturing are 15,000. 4. Mixed cost: The unit rate is $0.25 actural hours are 10,000 and a fixed cost is $5,000 per month. 5. Total Cost: Use your calculations from above. 6. Explain this to Mr. Smith who will prepare these calculations on a monthly basis.

 

Paper#36159 | Written in 18-Jul-2015

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