Corsair Gaming Company manufactures two ranges of computer cases, the Crystal Series and the Diamond Series. They are both made of plastic with metal frames, but the Diamond Series is larger. Information for the two ranges for the month of September is given in the following tables: Input prices Direct materials $4 per kilogram $6 per kilogram $20 per direct manufacturing labour hour Plastic Metal Direct manufacturing labour Input quantities per unit of output Crystal Series Diamond Series Direct materials Plastic 2 kilograms 0.5 kilogram 3 kilograms 1 kilogram Metal Direct manufacturing labour-hours (DMLH) Machine hours (MH) 3 hours 5 hours 10 MH 18 MH Inventory information, direct materials Plastic 125 kilograms 190 kilograms $950 Metal Beginning inventory Target ending inventory Cost of beginning inventory 30 kilograms 28 kilograms $180 Sales and inventory information, finished goods Crystal Series Diamond Series Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Beginning inventory in dollars 500 300 $160 $250 35 15 15 30 $1,500 $5,580 Corsair accounts for direct materials and finished goods inventory using a FIFO cost flow assumption.
Corsair Gaming Company manufactures two ranges of computer cases, the Crystal Series and the Diamond Series. They are both made of plastic with metal frames, but the Diamond Series is larger. Information for the two ranges for the month of September is given in the following tables: Input prices Direct materials $4 per kilogram $6 per kilogram $20 per direct manufacturing labour hour Plastic Metal Direct manufacturing labour Input quantities per unit of output Crystal Series Diamond Series Direct materials Plastic 2 kilograms 0.5 kilogram 3 kilograms 1 kilogram Metal Direct manufacturing labour-hours (DMLH) Machine hours (MH) 3 hours 5 hours 10 MH 18 MH Inventory information, direct materials Plastic 125 kilograms 190 kilograms $950 Metal Beginning inventory Target ending inventory Cost of beginning inventory 30 kilograms 28 kilograms $180 Sales and inventory information, finished goods Crystal Series Diamond Series Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Beginning inventory in dollars 500 300 $160 $250 35 15 15 30 $1,500 $5,580 Corsair accounts for direct materials and finished goods inventory using a FIFO cost flow assumption.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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