Essay Problem: Managerial Accounting
During this course you will work through a simulation assignment, where you will complete a training course. You have recently been awarded an apprenticeship. The company you work for is Red Duv Aviation. The company has three divisions. The first division manufactures small aircraft engines. These engines are used in both privately owned and small aircraft used by charter flight companies. In addition to manufacturing small aircraft engines, the company also has a repair division and they manufacture three of the parts used in the manufacture of the aircraft engines. Process Costing Conversion Costs Equivalent Units of Production In this module you will summarize the following:
o Process Order Costing: Define Process order costing. Trace the flow of costs through a process order costing system. Explain the concept and calculation of equivalent units of production. Discuss the production report as a decision-making tool.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.