Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dashboard inc. manutactures and assembies automobie instrument paneis for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each

image text in transcribed
image text in transcribed
image text in transcribed
Dashboard inc. manutactures and assembies automobie instrument paneis for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each customer's instrument assembly. The data that follow concern only the ecar lean cel. For the year, Dashboard Inc. budgeted the following costs for the ecar production oeli: Dashboard inc. plans 2,000 hours of production for the eCar cell for the year. The materials cost is $240 per instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no April 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the eCar cell during April: a. Electronic parts and wiring were purchased to produce 450 instrument assemblies in ApriI. b. Conversion costs were applied for the protuction of 400 units in Aprit. C. 380 units were started, completed, and transferred to finished goods in April. d. 350 units were shipped to customers at a price of $800 per unit. Requiredt 1. Determine the budgeted cell conversion cost per hour. per hour 1. Determine the budgeted cell conversion cost per hour. per hour 2. Determine the budgeted cell conversion cost per unit. per unit Inturnalize the summarv traneactions (a) throush (d), If an amount box does not require an entry, 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. 4. Determine the ending balance In Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory: Finished Goods Inventory; 5. Lean accounting is different from traditional accounting because it is more and uses control. As a resuit, the number of transactions are - In many lean operations, purchased materials are charged to a Direct labor is - Otten, nonfinancial performance measures, such as , are used to monitor performance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computers In Medical Audit A Guide Commissioned By The West Midlands Regional Health Authority

Authors: R. Tyndall, Michael Rigby, Anne McBride, Chris Shiels

2nd Edition

1853151777, 978-1853151774

More Books

Students also viewed these Accounting questions

Question

2. (1 point) Given AABC, tan A b b

Answered: 1 week ago