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pls help!!! questions 1-5 Com-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lon Model. The process consists of a lean
pls help!!! questions 1-5
Com-Tel Inc. manufactures and assembles two models of smartphones-the Tiger Model and the Lon Model. The process consists of a lean cell for each product. The data that follow concern only the Lion Model fean cell. For the year, Com-Tel Inc. budgeted these costs for the Lion Model production cell: Com-Tel plans 2,100 hours of production for the Lion Model cell for the year. The materials cost is $185 per unit. Each assembly requires 12 minutes of celliassembly time. There was no May 1 inventory for either Raw and In Procoss Inventory or Finished Goods Inventory. The following summary events took place in the Lon Model cell during May: a. Electronic parts were purchased to produce 900 Lon Model assemblies in May. b. Conversion costs were applied for 875 units of production in May. c. During May, 850 units were completed and transferred to finished goods. d. Of the 850 units completed, 800 were shipped to customers at a price of $500 per urit. 1. Determine the budgeted cell comversion cost per hour per hour 3. Journalize the summary transactions (a) though (d). If an amount box does noe require an enter, leare it blanks, 4. Determine the ending bolance in Faw and in Process inventory and. Finished Goods Invertory. Raw and In Process leventory: 1 Finshed Goods taventory: 1 5. Lena accounting is different from treditional accounbng because it is more meare In many lesin operations, purchasedmateeiais are charged to a are used to montor perfermance Step by Step Solution
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