-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lion Model. The process consists of a lean cell for each product. The data that cern only the Lion Model lean cell. the year, Com-Tel Inc. budgeted these costs for the Lion Model production cell: -nversion Cost Categories Budget $104,500 39,600 14,300 $158,400 om-Tel plans 2,400 hours of production for the Lion Model cell for the year. The materials cost is $56 per unit. Each assembly requires 18 minutes of cell assembly time. There wa ay 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. bor applies cilities Total me following summary events took place in the Lion Model cell during May: . Electronic parts were purchased to produce 8,150 Lion Model assemblies in May. . Conversion costs were applied for 7,750 units of production in May. c. 7,600 units were completed and transferred to finished goods in May. d. 7,370 units were shipped to customers at a price of $264 per unit. f required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hour. $ per hour 2. Determine the budgeted cell conversion cost per unit. $ per unit 3. Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave blank. a.
-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lion Model. The process consists of a lean cell for each product. The data that cern only the Lion Model lean cell. the year, Com-Tel Inc. budgeted these costs for the Lion Model production cell: -nversion Cost Categories Budget $104,500 39,600 14,300 $158,400 om-Tel plans 2,400 hours of production for the Lion Model cell for the year. The materials cost is $56 per unit. Each assembly requires 18 minutes of cell assembly time. There wa ay 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. bor applies cilities Total me following summary events took place in the Lion Model cell during May: . Electronic parts were purchased to produce 8,150 Lion Model assemblies in May. . Conversion costs were applied for 7,750 units of production in May. c. 7,600 units were completed and transferred to finished goods in May. d. 7,370 units were shipped to customers at a price of $264 per unit. f required, round your answers to the nearest cent. Required: 1. Determine the budgeted cell conversion cost per hour. $ per hour 2. Determine the budgeted cell conversion cost per unit. $ per unit 3. Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave blank. a.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter13: Lean Manufacturing And Activity Analysis
Section: Chapter Questions
Problem 3PB: Lean accounting Com-Tel Inc. manufactures and assembles two models of smartphonesthe Tiger Model and...
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