Wk 4 – Production Costs – 700-word informal memo

Wk 4 – Production Costs [due Wed]

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Assignment Content

1.

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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.

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Grading Guide

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.

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
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