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ACC 561 Week 4 Assignment Content Top of Form Purpose of Assignment The materials covered this week distinguish between the different costing methods and provides needed tools for decision making....

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ACC 561 Week 4 Assignment Content

  1. Top of Form

    Purpose of Assignment 

    The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting. 

    Resources

    • Production Costs Grading Guide
    • Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC) 
    • Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products. 

    Assignment Steps

    Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.

    Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.

    Submit your assignment.

     

     

     

     

     

     

     

     

    Individual Assignment: Production Costs

     

    Purpose of Assignment

    The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.

     

    Resources Required

    Generally Accepted Accounting Principles (GAAP)

    U.S. Securities and Exchange Committee (SEC)

    Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

    Grading Guide

    Content

    Met

    Partially Met

    Not Met

    Comments:

    Explained to Mr. Skaros why his production

    cost report showed only 2,000 equivalent

    units in ending inventory.

     

    Explained to Mr. Skaros clearly why student’s report is accurate.

    The memo is a maximum 700 words in length.

     

     

    Total Available

    Total Earned

    85

    #/85

     

    Writing Guidelines

    Met

    Partially Met

    Not Met

    Comments:

    The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.

    Intellectual property is recognized with in-text citations and a reference page.

    Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

    Sentences are complete, clear, and concise.

    Rules of grammar and usage are followed including spelling and punctuation.

    Total Available

    Total Earned

     

    35

    #/35

     

    Assignment Total

    #

    120

    #/120

    Additional comments:

     

     

    ACC 561 Week 4 Assignment Content

    1. Top of Form

      Purpose of Assignment 

      The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting. 

      Resources

      • Production Costs Grading Guide
      • Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC) 
      • Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products. 

      Assignment Steps

      Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.

      Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.

      Submit your assignment.

       

       

       

       

       

       

       

       

      Individual Assignment: Production Costs

       

      Purpose of Assignment

      The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.

       

      Resources Required

      Generally Accepted Accounting Principles (GAAP)

      U.S. Securities and Exchange Committee (SEC)

      Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

      Grading Guide

      Content

      Met

      Partially Met

      Not Met

      Comments:

      Explained to Mr. Skaros why his production

      cost report showed only 2,000 equivalent

      units in ending inventory.

       

      Explained to Mr. Skaros clearly why student’s report is accurate.

      The memo is a maximum 700 words in length.

       

       

      Total Available

      Total Earned

      85

      #/85

       

      Writing Guidelines

      Met

      Partially Met

      Not Met

      Comments:

      The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.

      Intellectual property is recognized with in-text citations and a reference page.

      Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

      Sentences are complete, clear, and concise.

      Rules of grammar and usage are followed including spelling and punctuation.

      Total Available

      Total Earned

       

      35

      #/35

       

      Assignment Total

      #

      120

      #/120

      Additional comments:

       

       

       

       

       

       

       

     

     

     

Answered Same Day Sep 24, 2021

Solution

Ashish answered on Sep 29 2021
144 Votes
Running head: MEMORANDUM
MEMORANDUM
5
Memo
To: Davis Skaros
From: store manage
Subject: inventory records
Introduction
Since each and every division used to have its own line of the generation, records are kept for the necessities for the factors of the creation, requirement of the materials, and even for the work that is required for a set amount of time. For the progression that is simple of the data and the consistence in the association, all the divisions through the chief of the creation should cause a follow up that is near to the guarantee that they going to meet their particular focuses in the given time. By this act, the organization ought to be in a place where they will have stock that will be enough all as the year will progress (Chofreha, Gonib & Klemeša, 2018). Co
espondence that is legitimate is required in between the division of the generation and the organs that are different of the association. On the chance that is off that there is a lack of whatever will prompt not meeting the requirement, it had to be accounted for and took care of with the desperation as this is the reason by which the organization runs.
Background
The division of the generation has been bombing the organization by the creation of less products which are for the organization, like for an example look at the records that has spread late years and how the performance of the division (from the records of the store).
    yea
    Ending inventory(in terms of units)
    2015
2014
2013
2012
2011
2010
    1,800
2,000
1,550
1,200
2,200
2,600
This reports indicates how is the performance of the division and this is causing a deal of issues which are great during the starting of the year as more is required in the market but after that the organization doesn’t have it and the organization has been spending a ton in order to ensure that it fulfills all the...
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