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: Number of units. Parts cost per unit Other costs: Direct labor Indirect materials Overhead Total Fin-X 12,000 $18 Operation cost Materials cost Total cost Number of units Unit cost Sci-X 35,000 $27 Fin-X 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. Total 47,000 Sci-X $ 54,000 18,500 68,500 $141,000 Total

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: Number of units. Parts cost per unit Other costs: Direct labor Indirect materials Overhead Total Fin-X 12,000 $18 Operation cost Materials cost Total cost Number of units Unit cost Sci-X 35,000 $27 Fin-X 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. Total 47,000 Sci-X $ 54,000 18,500 68,500 $141,000 Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A project requires an investment of $900 and has a net present value of $300. If the internal rate of return is 14%, what is the profitability index for the project? Note: Round your answer to 2 decimal places.
need help with question 6
Question 2
E12.18