shutter, inc.

Shutter, Inc. is a manufacturer of digital cameras. R has two departments assembly and testing. In January 2017, the company incurred $725,000 on direct materials and $820.000 on conversion cools for a total manufacturing cost of $1.546.000. Read the requirements Requirement 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 werely 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 10,000 cameras are placed into production. Further assume the same total l y costs for January are also incurred in February, but only 8.000 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 the romaning 2.000 cameras are only 25% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalentunt for February (6) What is the unit cost of an embed camera in February 2017? (a) What are the equivalent units for direct materials and conversion costs and their respective costs por equivalent unit for February? First calculate the equivalent units. 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 cool per equivalent unit for February (Round your own to the nortcent) 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 camera in February 2017? (Round your answers to the near 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 cost nourred in January and February are the same but February relative to January. In January, al 10,000 units introduced are fully completed resulting in 10,000 equivalent units of work done with respect to equivalent units of work are de In February, of the 10,000 units introduced, 10,000 equivalent units of work is done with respect to but only equivalent units of work is done with respect to Choose from any list or enter any number in the input fields and then continue to the next question The difference in the assembly department cost per unit calculated in requirements 1 and 2 arises because the costs incurred in January and February February relative to January. In January, all 10,000 units introduced are fully completed resulting in 10,000 equivalent units of work done with respect In February, of the 10,000 units introduced, 10,000 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. i Requirements ya 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? 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 8,000 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 25% 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. alsc mer of bui Print Done