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.
