Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 790 DVR players were assembled and placed in finished goods. 750 DVR players were sold for $356 per unit. Question Content Area a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.fill in the blank 1 of 1$ per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.fill in the blank 1 of 1$ per unit Feedback Area Feedback Question Content Area c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. Transaction Account Debit Credit 1. 2. 3. 4. Sale 4. Cost
Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 790 DVR players were assembled and placed in finished goods. 750 DVR players were sold for $356 per unit. Question Content Area a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.fill in the blank 1 of 1$ per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.fill in the blank 1 of 1$ per unit Feedback Area Feedback Question Content Area c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. Transaction Account Debit Credit 1. 2. 3. 4. Sale 4. Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $886,200 for 2,110 production hours. Each unit requires 20 minutes of cell process time. During March, 790 DVR players were manufactured in the cell. The materials cost per unit is $61. The following summary transactions took place during March:
- Materials were purchased for March production.
- Conversion costs were applied to production.
- 790 DVR players were assembled and placed in finished goods.
- 750 DVR players were sold for $356 per unit.
Question Content Area
a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.
fill in the blank 1 of 1$ per hour
b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.
fill in the blank 1 of 1$ per unit
Feedback Area
Feedback
Question Content Area
c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank.
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| 3. |
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| 4. Sale |
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| 4. Cost |
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