Question
Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September: Molding
Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September:
Molding | Grinding | Finishing | |
---|---|---|---|
Department | Department | Department | |
Direct materials | $142,200 | $14,900 | $8,900 |
Direct labor | 14,600 | 33,800 | 23,700 |
Applied overhead | 17,800 | 135,000 | 18,400 |
During September, 9,000 components were completed. There is no beginning or ending WIP in any department.
Required: | |
---|---|
1. | Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. |
2. | Calculate the unit cost. (Round the unit cost to two decimal places.) |
Refer to the list below for the exact wording of an amount description within your schedule.
Amount Descriptions | |
Applied overhead | |
Costs added | |
Direct labor | |
Direct materials | |
From Finishing | |
From Grinding | |
From Molding | |
Total manufacturing cost | |
Work in process |
. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. Refer to the list of Amount Descriptions for the exact wording of text items within your schedule.
Linsenmeyer Company |
Schedule of Costs |
For the Month of September |
1 | Molding Dept. | Grinding Dept. | Finishing Dept. | |
---|---|---|---|---|
2 | ||||
3 | ||||
4 | ||||
5 | ||||
6 | Transferred-in cost: | |||
7 | ||||
8 | ||||
9 |
2. Calculate the unit cost. Round the unit cost to two decimal places.
The unit cost is per unit.
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