Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of

Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer's just-in-time cell for the coming year. Projected labor and overhead, $3,234,828; materials costs, $28 per unit. Planned production included 5,124 hours to produce 16,014 motor drives. Actual production for August was 1,968 units, and motor drives shipped amounted to 1,500 units.

From this information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.

Select the correct answer.

$397,536
$399,532
$179,346
$94,536

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Edp Auditing A Primer

Authors: Joseph L. Sardinas

1st Edition

0471123056, 978-0471123057

More Books

Students also viewed these Accounting questions

Question

Multiply using Napiers rods. 3 x 43

Answered: 1 week ago

Question

How autonomous should the target be left after the merger deal?

Answered: 1 week ago