Lean Accounting Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder)...
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Accounting
Lean Accounting
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 $802,200 for 1,910 production hours. Each unit requires 20 minutes of cell process time. During March, 950 DVR players were manufactured in the cell. The materials cost per unit is $69. The following summary transactions took place during March:
Materials were purchased for March production.
Conversion costs were applied to production.
950 DVR players were assembled and placed in finished goods.
900 DVR players were sold for $370 per unit.
a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. $ per hour
b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. $ per unit
c. Journalize the summary transactions (1)(4) for March.
1.
2.
3.
4. Sale
4. Cost
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