Lean Accounting The annual budgeted conversion costs for a lean cell are $376,200 for 3,300 production hours. Each unit produced by the cell requires 12 minute of cell process time. During the month, 2,450 units are manufactured in th cell. The estimated materials costs are $54 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 2,580 units.. b. Conversion costs are applied to 2,450 units of production. c. The cell completes 2,330 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank.

Lean Accounting The annual budgeted conversion costs for a lean cell are $376,200 for 3,300 production hours. Each unit produced by the cell requires 12 minute of cell process time. During the month, 2,450 units are manufactured in th cell. The estimated materials costs are $54 per unit. (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 2,580 units.. b. Conversion costs are applied to 2,450 units of production. c. The cell completes 2,330 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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