Accounting CT

Option #2: Production Cost Accounting

Maple, Inc., manufactures syrup that goes through three processing stages prior to completion.  Information on work in the first department, blending, is given below for August:

The company uses the weighted-average method. However, since FDA regulations are changing, management is considering converting to a job costing system of accounting so that costs may be traced by batch rather than process. Management is concerned about the advantages and disadvantages of doing so.

Instructions:

1. Compute the equivalent units of production.
2. Compute the costs per equivalent unit for the month.
3. Discuss with management the advantages and disadvantages of implementing a job costing system versus a process costing system.

Provide your answers in a clearly organized PowerPoint presentation of 4-5 slides. Check spelling and formatting for readability. Document your sources. Where applicable, written comments must be in accordance with the CSU-Global Guide to Writing and APA Requirements