Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $4,959,300 and materials costs were $26 per unit. Planned production included 5,856 hours to produce 18,300 motor drives. Actual production for August was 1,800 units, and motor drives shipped amounted to 1,470 units. Conversion costs are applied based on units of production From the foregoing information, determine the production costs transferred to Finished Goods during August. Oa. $534,600 Ob. $436,590 Oc. $489,626 Od. $199,238

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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27 Test
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Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The
process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and
overhead was $4,959,300 and materials costs were $26 per unit. Planned production included 5,856 hours to produce 18,300 motor drives. Actual production for August
was 1,800 units, and motor drives shipped amounted to 1,470 units. Conversion costs are applied based on units of production
From the foregoing information, determine the production costs transferred to Finished Goods during August.
Oa. $534,600
Ob. $436,590
Oc. $489,626
Od. $199,238
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Transcribed Image Text:CengageNOWv2 | Online teach X + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false 27 Test X Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $4,959,300 and materials costs were $26 per unit. Planned production included 5,856 hours to produce 18,300 motor drives. Actual production for August was 1,800 units, and motor drives shipped amounted to 1,470 units. Conversion costs are applied based on units of production From the foregoing information, determine the production costs transferred to Finished Goods during August. Oa. $534,600 Ob. $436,590 Oc. $489,626 Od. $199,238 Previous Next
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Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false
7 Test
X
Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The
process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and
overhead was $4,802,400 and materials costs were $28 per unit. Planned production included 5,568 hours to produce 17,400 motor drives. Actual production for August
was 1,940 units, and motor drives shipped amounted to 1,440 units. Conversion costs are applied based on units of production
From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.
Oa. $535,440
Ob. $537,408
Oc. $221,645
Od. $138,000
Transcribed Image Text:CengageNOWv2 | Online teach X + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false 7 Test X Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $4,802,400 and materials costs were $28 per unit. Planned production included 5,568 hours to produce 17,400 motor drives. Actual production for August was 1,940 units, and motor drives shipped amounted to 1,440 units. Conversion costs are applied based on units of production From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August. Oa. $535,440 Ob. $537,408 Oc. $221,645 Od. $138,000
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