Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is in the cost of the parts. The following data are available for June: Fin-X Sci-X Total Number of units 14,000 36,000 50,000 Parts cost per unit Other costS: $21 $29 Direct labor $ 61,000 Indirect materials 17,300 121,700 Overhead Total $200,000 Required: Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Fin-X and Sci-X models for June. Fin-X Sci-X Total Operation cost Materials cost Total cost Number of units Unit cost
Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is in the cost of the parts. The following data are available for June: Fin-X Sci-X Total Number of units 14,000 36,000 50,000 Parts cost per unit Other costS: $21 $29 Direct labor $ 61,000 Indirect materials 17,300 121,700 Overhead Total $200,000 Required: Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Fin-X and Sci-X models for June. Fin-X Sci-X Total Operation cost Materials cost Total cost Number of units Unit cost
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both
models are assembled in the same plant and require the same assembling operations. The difference between the models is in the
cost of the parts. The following data are available for June:
Fin-x
Sci-X
Total
Number of units
14,000
36,000
50,000
Parts cost per unit
$21
$29
Other costS:
$ 61,000
17,300
Direct labor
Indirect materials
Overhead
121,700
Total
$200,000
Required:
Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the
cost per unit of the Fin-X and Sci-X models for June.
Fin-X
Sci-X
Total
Operation cost
Materials cost
Total cost
Number of units
Unit cost
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