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Develop, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred $700,000 on direct materials and $800,000 conversion costs, for a total manufacturing cost of $1,500,000.

Requirements

1) Assume there was no beginning inventory of any kind on January 1, 2017. During January, 20,000 cameras were placed into production and all 20,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? 1.

2) Assume that during February 20,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 18,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 2,000 cameras. However on average, these remaining 2,000 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

Question Heip Develop, Inc. is a manulacturer of digital cameras t has two departments assembly and testing In January 2017, the company incumed 5700.000 on drect materials and $800,000 on conversion conts for a total manutacturing cost of $1.500,000 Read the requikements Requirement 1. Assume thore was no beginning inventory of any kind on January 1,2017 During January, 20,000 cameras were placed into producson and all 20.000 were fully completed at the end of the month What is the unit cost of an assembled camera in January? (Round your answers to the nearesl cent) Direct materials cost per uniti Comversion cost per unt Assembly department cost per unit Requirement 2. Assume that during February 20.000 cameras are placed into production. Further assume the same total assembly costs for January are also incumed in February but only 18,000 cameras ane fully completod at the end of the month Al direct materials have been added to the remaining 2.000 cameras. However on average these remaning 2.000 cameras are only 60 % complete as to comversion costs (a) What are the equivalent units Sor direct materials and conversion costs and their respective costs per equivalent unit for February? () What is the unit cost of an assembled camera in February 20177 (a) What are the equivalent units for direct materials and comversion costs and their respective costs per equivalent unit for February Fist calculate the equivalent units Equivalent Units Direct Materials Conversion Costs Choose from any ist or enter any number in the input feids and then continue to the hext question Equivalent Units Direct Materials Conversion Costs Completed and transferred out in current period Work in process, ending Work done in current period Now calculate the direct materials and conversion costs per equivalent unit for February. (Round your answers to the nearest cent) Direct Materials Conversion Costs Costs incurred during the period Equivalent units of work done in current period Cost per equivalent unit (b) What is the unit cost of an assembled camora in February 2017 (Round your answars to the nearest cont) Assembly department cost per unt Requirement 3. Explain the diference in your answers to requirements 1 and 2 The difference in the assembly department cost per unit calculated in requirements 1 and 2 arises because the costs incured in January and February are the same but fewer equivalent unibs of work are done in February relative to January In January, all 20.000 units introduced are fuly completed resulting in 20,000 equivalent units of work done with respect to In February, of the 20,000 units introduced, 20,000 equivalent units of work is done with respect to but only conversion costs equivalent units of work is done with resspect to direct materials The assembly department cost per unit is, therefore, direct materials and conversion costs Choose from any list or enter any number in the input fields and then continue to the next question Question Help Develop, Inc. is a manufacturer of digital cameras. It has two departments assembly and testing In January 2017, the company incurred $700,000 on direct materials and $800,000 on conversion costs, for a total manufacturing cost of $1,500,000 Read the requitements Requirement 1. Assume there was no beginning inventory of any kind on January 1, 2017. During January, 20,000 cameras were placed into production and all 20,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? (Round your answers to the nearest cent) Direct materials cost per unit Conversion cost per unit Assembly department cost per unit Requirement 2. Assume that during February 20,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 18,000 cameras are fully completed at the end of the month. Al direct materials have been added to the remaining 2,000 cameras However, on average, these remaining 2,000 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? (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? First calculate the equivalent units Choose frnm an lict or anter anu numher in the innut fields and then continue tn the next auestion Equivalent Units Direct Materials Conversion Costs Completed and transferred out in current period Work in process, ending Work done in current period Now calculate the direct materials and conversion costs per equivalent unit for February. (Round your answers to the nearest cent) Direct Materials Conversion Costs Costs incurred during the period Equivalent units of work done in current period Cost per equivalent unit Choose from any list or enter any number in the input fields and then continue to the next question. (b) What is the unit cost of an assembled camera in February 2017? (Round your answers to the nearest cent.) Assembly department cost per unit Requirement 3. Explain the difference in your answers to requirements 1 and 2 The difference in the assembly department cost per unit calculated in requirements 1 and 2 arises because the costs incurred in January and February are the same but fewer equivalent units of work are done in February relative to January. In January, all 20,000 units introduced are fully completed resulting in 20,000 equivalent units of work done with respect to In February, of the 20,000 units introduced. 20,000 equivalent units of work is done with respect to but only equivalent units of work is done with respect to The assembly department cost per unit is, therefore Choose from any list or enter any number in the input fields and then continue to the next question Save for Later