Problem 4-37 Operation Costing; Unit Costs (LO 4-7) [The following information applies to the questions displayed below.] (Contributed by Roland Minch.) Glass Glow Company manufactures a variety of glass windows in its Egalton plant. In Department I, clear glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets made in Department I have metallic oxides added in Department II to form colored glass sheets. Some of these colored sheets are sold; others are moved to Department III for etching and then are sold. The company uses operation costing. Glass Glow Company's production costs applied to products in May are given in the following table. There was no beginning or ending inventory of work in process for May. Cost Category Direct material Direct labor Manufacturing overhead Dept. I $450,000 38,000 230,000 Products Clear glass, sold after Dept. I Unetched colored glass, sold after Dept. II Etched colored glass, sold after Dept. III Dept. II $72,000 22,000 68,000 Dept. III -0- $38,000 73,750 Units 11,000 4,000 5,000 Each sheet of glass requires the same steps within each operation. Dept. I Dir. Mat. $247,500 90,000 112,500 Dept. II Dir. Mat. -0- $32,000 40,000
Problem 4-37 Operation Costing; Unit Costs (LO 4-7) [The following information applies to the questions displayed below.] (Contributed by Roland Minch.) Glass Glow Company manufactures a variety of glass windows in its Egalton plant. In Department I, clear glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets made in Department I have metallic oxides added in Department II to form colored glass sheets. Some of these colored sheets are sold; others are moved to Department III for etching and then are sold. The company uses operation costing. Glass Glow Company's production costs applied to products in May are given in the following table. There was no beginning or ending inventory of work in process for May. Cost Category Direct material Direct labor Manufacturing overhead Dept. I $450,000 38,000 230,000 Products Clear glass, sold after Dept. I Unetched colored glass, sold after Dept. II Etched colored glass, sold after Dept. III Dept. II $72,000 22,000 68,000 Dept. III -0- $38,000 73,750 Units 11,000 4,000 5,000 Each sheet of glass requires the same steps within each operation. Dept. I Dir. Mat. $247,500 90,000 112,500 Dept. II Dir. Mat. -0- $32,000 40,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
Problem 4-37 Operation Costing; Unit Costs (LO 4-7)
[The following information applies to the questions displayed below.]
(Contributed by Roland Minch.) Glass Glow Company manufactures a variety of glass windows in its Egalton plant. In
Department I, clear glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets made
in Department I have metallic oxides added in Department II to form colored glass sheets. Some of these colored sheets
are sold; others are moved to Department III for etching and then are sold. The company uses operation costing.
Glass Glow Company's production costs applied to products in May are given in the following table. There was no
beginning or ending inventory of work in process for May.
Cost Category
Direct material
Direct labor
Manufacturing overhead
Dept. I Dept. II
$450,000
38,000
230,000
Products
Clear glass, sold after Dept. I
Unetched colored glass, sold after Dept. II
Etched colored glass, sold after Dept. III
$72,000
22,000
68,000
Dept. III
-0-
$38,000
73,750
Units
11,000
4,000
5,000
Each sheet of glass requires the same steps within each operation.
Dept. I
Dir. Mat.
$247,500
90,000
112,500
Dept. II
Dir. Mat.
-0-
$32,000
40,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd76dac07-7d2c-4fa7-b2df-10a6f0497c0c%2Fda98407a-f273-42aa-9f2c-197ecde00668%2Fwdjp8r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
Problem 4-37 Operation Costing; Unit Costs (LO 4-7)
[The following information applies to the questions displayed below.]
(Contributed by Roland Minch.) Glass Glow Company manufactures a variety of glass windows in its Egalton plant. In
Department I, clear glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets made
in Department I have metallic oxides added in Department II to form colored glass sheets. Some of these colored sheets
are sold; others are moved to Department III for etching and then are sold. The company uses operation costing.
Glass Glow Company's production costs applied to products in May are given in the following table. There was no
beginning or ending inventory of work in process for May.
Cost Category
Direct material
Direct labor
Manufacturing overhead
Dept. I Dept. II
$450,000
38,000
230,000
Products
Clear glass, sold after Dept. I
Unetched colored glass, sold after Dept. II
Etched colored glass, sold after Dept. III
$72,000
22,000
68,000
Dept. III
-0-
$38,000
73,750
Units
11,000
4,000
5,000
Each sheet of glass requires the same steps within each operation.
Dept. I
Dir. Mat.
$247,500
90,000
112,500
Dept. II
Dir. Mat.
-0-
$32,000
40,000
Transcribed Image Text:Problem 4-37 Part 1
Required:
1. Compute the conversion cost per unit in Department I. (Round your answer to 2 decimal places.)
Conversion cost in Department I
per unit
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