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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:
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
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