Plattsburg Plastics Corporation manufactures a variety of plastic products, including a series of molded chairs....

90.2K

Verified Solution

Question

Accounting

Plattsburg Plastics Corporation manufactures a variety of plastic products, including a series of molded chairs. The three models of molded chairs, which are all variations of the same design, are Standard (can be stacked), Deluxe (with arms), and Executive (with arms and padding). The company uses batch manufacturing and has an operation-costing system. The production process includes an extrusion operation and subsequent operations to form, trim, and finish the chairs. Plastic sheets are produced by the extrusion operation, some of which are sold directly to other manufacturers. During the forming operation, the remaining plastic sheets are molded into chair seats and the legs are added; the Standard model is sold after this operation. During the trim operation, the arms are added to the Deluxe and Executive models and the chair edges are smoothed. Only the Executive model enters the finish operation where the padding is added. All of the units produced receive the same steps within each operation. The March production run had a total manufacturing cost of $1,024,630. The units of production and direct-material costs incurred were as follows:

Units Produced Extrusion Materials Form Materials Trim Materials Finish Materials
Plastic sheets 4,600 $ 50,600
Standard model 5,700 62,700 $ 28,500
Deluxe model 2,900 31,900 14,500 $ 11,600
Executive model 2,100 23,100 10,500 8,400 $ 14,700
Total 15,300 $ 168,300 $ 53,500 $ 20,000 $ 14,700

Manufacturing costs applied during the month of March were as follows:

Extrusion Operation Form Operation Trim Operation Finish Operation
Direct labor $ 322,830 $ 50,000 $ 28,500 $ 21,000
Manufacturing overhead 214,200 67,700 45,000 18,900

Prepare journal entries to record the flow of production costs during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students