Clear Manufacturing uses powdered plastics (PPS) to manufacture ahigh-pressure board used in a digital equipment product, Flex 10.Information concerning its operation in June is as follows:Budgeted units of Flex 10 for June5,000Budgeted usage of PPS45,000 poundsActual number of units of Flex 104,000PPS purchased and used39,000 poundsTotal actual cost of PPS used$ 2,24,640$21,600 unfavorableDirect materials usage varianceClear does not maintain an inventory of materials, so the amount ofmaterials used is equal to the amount of materials purchased. The costof PPS in the flexible budget for the number of units manufactured thisperiod is:a. $259,200.b. $280,800.c. $311,040.d. $324,000.e. $360,000.

To calculate the cost of PPS in the flexible budget, we follow these steps: Step 1: Calculate the…

Answered: Clear Manufacturing uses powdered…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 13E: Lean accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing...

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Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of March, Salisburys management planned to produce 500,000 bottles. The actual number of bottles produced for March was 525,000 bottles. The actual costs for March of the current year were as follows: a. Prepare the March manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for Salisbury, assuming planned production. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for March. c. Interpret the budget performance report.
Lean accounting Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each customers instrument assembly. The data that follow concern only the eCar lean cell. For the year, Dashboard Inc. budgeted the following costs for the eCar production cell: Dashboard Inc. plans 2,000 hours of production for the eCar cell for the year. The materials cost is 240 per instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no April 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the eCar cell during April: A. Electronic parts and wiring were purchased to produce 450 instrument assemblies in April. B. Conversion costs were applied for the production of 400 units in April. C. 380 units were started, completed, and transferred to finished goods in April. D. 350 units were shipped to customers at a price of 800 per unit. Instructions 1. Determine the budgeted cell conversion cost per hour. 2. Determine the budgeted cell conversion cost per unit. 3. Journalize the summary transactions (a) through (d). 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. 5. How does the accounting in a lean environment differ from traditional accounting?
Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following. At the end of the year, actual sales revenue for Product R and Product S was 3,075,000 and 3,254,000, respectively. The actual price charged for Product R was 25 and for Product S was 20. Only 10 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled 540,000 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the three products based on the original budget. 2. Suppose that Product T is a new product just introduced during the year. What pricing strategy is Eastman, Inc., following for this product?
Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Budgeted units of Flex 10 for June 6,500 Budgeted usage of PPS 58,500 pounds Actual number of units of Flex 10 manufactured 5,600 PPS purchased 72,000 pounds PPS used 54,000 pounds Total actual cost of PPS used $ 332,640 Direct materials usage variance $ 36,000 unfavorable Assume that Norio recognizes the material purchase-price variance at the point of purchase. The direct materials purchase-price variance (rounded to the nearest dollar) is: rev: 11_08_2018_QC_CS-147544, 11_19_2020_QC_CS-241629 Multiple Choice $276,480 favorable. $106,108 favorable. $74,536 favorable. $130,000 favorable. $92,236 favorable.
Clear Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Budgeted units of Flex 10 for June 12,000 Budgeted usage of PPS 108,000 pounds Actual number of units of Flex 10 manufactured 9,600 PPS purchased and used 93,600 pounds Total actual cost of PPS used $ 539,136 Direct materials usage variance $ 51,840 unfavorable Clear does not maintain an inventory of materials, so the amount of materials used is equal to the amount of materials purchased. The cost of PPS in the flexible budget for the number of units manufactured this period is:
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Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the followingmanufacturing costs: Direct materials $1.67Direct labor 0.56Variable overhead 0.72Fixed overhead 1.80Total unit cost $4.75 For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 285,000of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.75. (There are no beginning or ending inventories of work in process.)Required:1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. 2. What if sales increased to 290,000 discs? How would that affect the ending finished goods in-ventory budget? Calculate the value of budgeted ending finished goods inventory.
Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-pressure board, Dura-Plastic. Information concerning its operation in June was as follows: Master Budget units of Dura-Plastic to manufacture 8,200 Units of Dura-Plastic manufactured in June 9,200 Budgeted amount of EPP to purchase 73,000 oz. EPP material purchased 79,000 oz. EPP material used in production 75,840 oz. Standard cost of EPP used in production $ 511,920 Standard quantity of EPP per unit of Dura-Plastic 7.5 oz. Cost of EPP purchased $ 600,400 The direct materials purchase-price variance for June, to the nearest dollar, was: Multiple Choice $62,050 unfavorable. $88,480 unfavorable. $67,150 unfavorable. $64,464 unfavorable.
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