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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
Publisher: Cengage Learning
ISBN: 9781337115773
BuyFind

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
Publisher: Cengage Learning
ISBN: 9781337115773

Solutions

Chapter
Section
Chapter 6, Problem 48E
Textbook Problem
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Physical Flow Schedule

Nelrok Company manufactures fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year:

Chapter 6, Problem 48E, Physical Flow Schedule Nelrok Company manufactures fertilizer. Department 1 mixes the chemicals

Required:

Prepare a physical flow schedule.

Expert Solution
To determine

Make a physical flow schedule for fertilizer department of Company N.

Explanation of Solution

Physical Flow Schedule:

The schedule which is made with the objective to determine the production of physical units is known as physical flow schedule. It considers all units in process which can be related to any completion stage.

Prepare physical flow schedule of Company N:

Physical Flow Schedule
Units to account for:Units
Units in BWIP25,000
Units started142,500
Total units account for167,500
  
Units accounted for: 
Units started and completed107,500
From beginning work in process25,000
Units in EWIP35,000
Total units accounted for167,500

Table (1)

Therefore, the units accounted for and units to account for are 167,500 units...

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Chapter 6 Solutions

Managerial Accounting: The Cornerstone of Business Decision-Making
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