The Production Report Examined

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Production Report Used in Cost Accounting

The production report will show us what we produced at each operation in the process:

The labor used
The number of parts produced
The parts per hour
And compare it to a standard pieces per hour amount

The report should resemble something like this:

	Part # 1	Part# 2	Part# 3
Operation	10	20	10
Pcs Produced	1000	800	350
Production Hours	6	3	12
Downtime Hours	2	.50	4
Pcs per Hour	167	267	29
Std Pcs per Hour	300	300	200
Actual vs Std per hr	-133	-33	-171

We can see from this report that none of our jobs have met the standard pieces per hour. Part 3 has seriously missed the standard.
What the Cost Accountant should do after running this report

Look for the serious problems like part 3 and maybe part 1.
Find out why the parts per hour were so low.
Make notes on the report of findings.

This way when management gets this report they will appreciate that a lot of the work has been done for them. They can concentrate on the important task of correcting the problems that led to low production per hour.

Scrap Report

Cost of Goods Sold Report

Biggest Losers Report

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