Category: Cost accounting

Categories
Cost accounting

“Budgeting and Cash Management Strategies for a Business”

1.  Develop operating budgets.
2.  Using Excel to link to another worksheet
and link budgets.
3.  Determine budgeted cash collections.
4.  Determine budgeted cash payments.
5.  Determine ending cash. 
6.  Provide recommendations to management.
Please see attached excel instructions tab.

Categories
Cost accounting

Departmental Production Report and Cost Transfer Departmental Production Report and Cost Transfer Introduction: A departmental production report is a document that summarizes the production activities and costs incurred by a specific department within a company. It is used to track the performance of

1.  Prepare the departmental production report
using the weighted average method.
1.  Prepare the departmental production report
using the FIFO method.
3.  Develop the appropriate journal entry to
transfer from costs to the next department.
Please see individual instructions per tabs.