Cost Accounting- Discuss (do not prepare a flowchart) how cost flows are processed in a manufacturing

| January 30, 2017

Question
I need help answering my cost accounting HW. Please see questions below.

Homework Week 2

Complete your responses in a WORD format document. Attach to the Assignment Folder. DO NOT respond in this conference.

1. Discuss (do not prepare a flowchart) how cost flows are processed in a manufacturing organization.

2. Write the formula for Actual Indirect Cost Rate.

3. Write the formula for Equivalent Production Units.

4. Define Spoilage, Rework, and Scrap. Discuss how these are a factor in costing.

5. Write the formula for Spoilage.

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