# Product costing | Accounting homework help

DELIVERABLE LENGTH MUST BE 400-500 WORDS

You, the managerial accountant, are asked by the CFO (Mr. Smith) of Wilson–West Manufacturing (a new company) to set up a product costing system. The following are the types of expenses that will be included:

• Direct labor
• Direct materials
• Utilities
• Depreciation
• Maintenance
• Insurance on the equipment
• Rent on the plant
• Rent for the office

In a memo format, explain to Mr. Smith and the president what will be included in product costing.

• Explain what is involved in a product costing system.
• Explain why Wilson–West Manufacturing needs to have a product costing system.
• Allocate the above expenses as fixed, mixed, or variable expenses.
• Prepare calculations for the following, and explain your computations:
• Variable cost: The unit rate is \$0.25, and the actual hours used for manufacturing are 15,000.
• Mixed cost: The unit rate is \$0.25, actual hours are 10,000, and the fixed cost is \$5,000 per month.
• Total cost: Use your calculations from above.
• Explain this to Mr. Smith who will prepare these calculations on a monthly basis.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.