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Instructions Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The process consists of a lean product cell for
Instructions Dashboard Inc. manufactures and assembles automobile instrument panels 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 cell. For the year, Dashboard Inc. budgeted the following costs for the eCar production cell: Conversion Cost Categories Budget 2 Labor $596,000.00 3 Supplies 42,000.00 Utilities 29,000.00 Total $667,000.00 Dashboard Inc. plans 2,300 hours of production for the eCar cell for the year. The materials cost is $200 per instrument assembly. Each assembly requires 15 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 8,800 instrument assemblies in April. b. Conversion costs were applied for the production of 8,600 units in April. C. 8,500 units were started, completed, and transferred to finished goods in April. d. 8,450 units were shipped to customers at a price of $430 per unit. 1. Determine the budgeted cell conversion cost per hour. per hour 2. Determine the budgeted cell conversion cost per unit. If required, round your answer to the nearest whole dollar. $ per unit 3. Journalize the summary transactions for April 30. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 4. Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory Finished Goods Inventory 5. How does the accounting in a lean environment differ from traditional accounting? - and uses - control. As a result, the number of transactions are . Direct labor is frequently Lean accounting is different from traditional accounting because it is more and uses . In many lean operations purchased materials are charged to a -. Often, nonfinancial performance measures, such as monitor performance. , are used to
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