ACCT 406 Wk2 Q5

eBook 1. Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $850,500 for 1,890 production hours. Each unit requires 12 minutes of cell process time. During March, 810 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March: 2. 3. a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. $ per unit Show Me How 1. Materials were purchased for March production. 2. Conversion costs were applied to production. 3.810 DVR players were assembled and placed in finished goods. 4.770 DVR players were sold for $267 per unit. c. Journalize the summary transactions (1)-(4) for March. If an amount box does not…

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Part 3 (20 minutes) Global Colors manufactures a special line of graphic tubing items. For the next coming year, the company estimates it will sell 150,000 units of this item. The beginning finished goods inventory contains 40,000 units. The target for next year's ending inventory is 20,000 units. Each unit requires 5 feet of plastic tubing. The tubing inventory currently includes 100,000 feet of the required tubing. Materials on hand are targeted to equal three month's production. Any shortage in materials will be made up by the immediate purchase of materials. Required: Compute the production target and the materials requirements for the coming period.

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Question 1 LUMU has demand for 1400 water pumps each year. The cost of a water pump to LUMU is $400. Inventory carrying cost is estimated to be 20% of the unit cost and the ordering cost is $25 per order. If the owner orders in quantities of 300 or more, he can get a 5% discount on the pumps, Should LUMU accepts the quantity discount?

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Student question   MBI is a manufacturer of personal computers. All its personal computers use a 3.5-inch high-density floppy disk drive which it purchases from Ynos. MBI operates its factory 52 weeks per year, which requires assembling 100 of these floppy disk drives into computers per week. MBI’s annual holding cost rate is 20 percent of the value (based on purchase cost) of the inventory. Regardless of order size, the administrative cost of placing an order with Ynos has been estimated to be $50. A quantity discount is offered by Ynos for large orders as shown below, where the price for each category applies to every disk drive purchased.         Determine the optimal order quantity according to the EOQ model with quantity discounts. What is the resulting total cost per year?   What is the resulting total cost per year?

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please can someone help me with working thanks answer in text not image     Greener Grass Fertilizer Company plans to sell 200,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 80 percent of the next month’s estimated sales. There were 160,000 finished units in inventory on June 30. Each unit of the finished product requires four pounds of raw material at a cost of $1.15 per pound. There are 700,000 pounds of raw material in inventory on June 30. Compute the company’s total required production in units of finished product for the entire three-month period ending September 30. Independent of your answer to requirement 1, assume the company plans to produce 600,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in that period. Compute…

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Required information Skip to question   Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 4,800 units in August.   Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials inventory equal to 30% of the next month’s direct materials requirement. As of June 30, the company has 4,950 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.

-/1 Question 24 View Policies Current Attempt in Progress Tomy Toys is planning to sell 200 action figures and to produce 190 action figures in July. Each action figure requires 100 grams of plastic and a half hour of direct labor. The cost of the plastic used in each action figure is $5 per Employees of the company are paid at a rate of $15.00 per hour. Manufacturing overhead is applied at a rate of 120 % of direct labor costs. Tomy Toys has 90,000 grams of plastic in its beginning inventory and wants to have 80,000 grams in its ending inventory. What is the amount of budgeted direct labor cost for the month of July? 100 grams. O $1,500. O $1,425. O $2,850. O $3,000. (2 A Tt hp ins prt sc home hz delete 44 4+ & 7 % 5 inu backspace 6 P enter K H pause ctre I

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Q.3.1 Gill Enterprises produces a number of consumer items, including a stove. A key component of the stove is purchased from an outside supplier. In total, the company purchases 2 500 components each year. It costs approximately R12 to place an order and it costs R0.25 to carry one part in inventory for a year. The company is operational for 50 weeks in a year. Required: Q.3.1.2 It takes about four weeks to receive an order of parts from the supplier. The company normally uses 52 parts each week in production. However, usage can be as high as 70 parts per week. Calculate the safety stock. Calculate the reorder point with safety stock included.

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A7

! Required information The following information applies to the questions displayed below] Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $156. Shadee's beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June

Work Assignment AEST Part 2 of 6 Ever Lawn, a manufacturer of lawn mowers, predicts that it will purchase 324,000 spark plugs next year. Ever Lawn estimates that 27,000 spark plugs will be required each month. A supplier quotes a price of $13 per spark plug. The supplier also offers a special discount option: If all 324,000 spark plugs are purchased at the start of the year, a discount of 2% off the $13 price will be given. Ever Lawn can invest its cash at 8% per year. It costs Ever Lawn $130 to place each purchase order. Required 1. What is the opportunity cost of interest forgone from purchasing all 324,000 units at the start of the year instead of in 12 monthly purchases of 27,000 units per order? 2. Would this opportunity cost be recorded in the accounting system? Why? 3. Should Ever Lawn purchase 324,000 units at the start of the year or 27,000 units each month? Show your calculations. Requirement 1. What is the opportunity cost of interest forgone from purchasing all 324,000…

Itranscript Required information [The following information applies to the questions displayed below) Iguana, Incorporated, manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $13 per hour. Iguana has the following inventory policies Ending finished goods inventory should be 40 percent of next month's sales. Ending direct materials inventory should be 30 percent of next month's production. Expected unit sales (frames) for the upcoming months follow: . March April May June July August Skip to question 325 350 400 5:00 475 525 Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $6.000 ($500 per month) for expected production of 5,000 units for the year. Selling and administrative expenses are estimated at $550 per month plus $0.60 per unit sold.…