Homework: Chapter 17 - Homework Save Score: 1.91 of 14 pts 2 of 6 6 complete HW Score: 58.54%. 32.19 of 55 p %E17-21 (similar to) E Question Help Panoramic, Inc. is a manufacturer of digital cameras. It has two departmenta: sembly and testing in January 2017, the company incurred 5600,000 on drect materials and 5810,000 on conversion cont, for a total manufacturing cost of 51.610.000 Read the girements Requirement 1. Assume there was no beginning inventory of any kind on January 1, 2017. During seruary 10,000 cameras were placed into producten and at 10,000 were fully completed at the end the month. What is the unit cost of an Direct materials cost per unit 80.00 Conversion cost per unit 31.00 161.00 Assembly department cost per unit Requirement 2. Assume that during February 10,000 cameras are placed into production. Further me the same al embly out for January are so incurred in Petrary, but only .000 cameras are y completed at the end of the month. Al direct materials have been added to the remaining 1,000 carreras. However, on average. These remaining 1.000 care are only 60% come as to conversion costs. What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February (1) What is the unit cost of an and camera in February 2017 (a) What are the equivalent units for direct materials and conversion costs and their respective cons per equivalent to February France the equivalent units Equivalent Unite Direct Materiale Cowersion Costa Completed and transferred out in current period Work in process, ending Work done in current period che Ar ras. It has two departments: assembly and testing. In January 2017, the company incurred $800,000 on direct materials and $810,000 0 Requirements yere fully comp inventory of any kind on J wers to the nearest cent.) 80.00 81.00 161.00 February, but pion costs. (a) 10,000 cameras are placed it the remaining 1,000 camera equivalent unit for February 1. Assume there was no beginning inventory of any kind on January 1, 2017 During January, 10,000 cameras were placed into production and all 10,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? 2. Assume that during February 10,000 cameras are placed into production Further assume the same total assembly costs for January are also incurred in February, but only 9,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 60% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February 2017? 3. Explain the difference in your answers to requirements 1 and 2. erials and conversion costs a Equivalent Direct Materials ca ed Print Done in click Check Answer. Clear All
