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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

You have just joined the staff of the XYZ Manufacturing Company (XYZ, for short). XYZ manufactures only one product, the gizmo. This comes in two sizes, the mini-gizmo and the magna-gizmo. Both are hard to manufacture, and as a result, the company closely monitors refused units. The company consists of three locations, each of which produces both the mini and the magna-gizmos. You are automating the weekly production reports in such a way that you can simply compute total production for the whole company each week.

The mini-gizmo is priced at \$3.25 per unit. The magna-gizmo is priced at \$7.00 per unit. The unit cost for a refused mini-gizmo is \$1.75. The cost for a refused magna-gizmo is \$3.50. Respond completely to the given problems regarding this task:

1) The managers will e-mail their weekly reports to you on Monday of the given week. You will then generate the summary report. Describe the process for doing this. Give a sample formula to total the number of mini-gizmos generated by the whole company in a week.

2) Each week, you will represent the combined report to your boss, who wants to see both the summary and the individual sheets for each location. You wish for to add a header with the date and your name to each page. What is the simplest way to do this? Describe the process.

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M920138

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