Snapshot, Inc. manufactures digital cameras. It has two departments: assembly and testing. In January 2020, the company incurred $700,000 on direct materials and $815,000 on conversion costs, for a total manufacturing cost of $1,515,000 Read the requirements Requirement 1. Assume there was no beginning inventory of any kind on January 1, 2020. 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? (Round your answers to the nearest cent.) Assembly department cost per unit $ 151.50 Requirement 2. 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 60% 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 cameras in February 2020? (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? First calculate the equivalent units. Equivalent Units Direct Materials Conversion Costs Work done in current period 10,000 9.200 Now calculate the direct materials and conversion costs per equivalent unit for February. Round your answers to the nearest cent.) Direct Materials Conversion Costs Cost per equivalent unit Requirements X 1. Assume there was no beginning inventory of any kind on January 1, 2020 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? 2. 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 60% 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 cameras in February 2020? 3. Explain the difference in your answers to requirements 1 and 2. Print Done 0 W E18-21 (final answer) Question Help Snapshot, Inc. manufactures digital cameras. It has two departments: assembly and testing. In January 2020, the company incurred $700,000 on direct materials and $815.000 on conversion costs for a total manufacturing cost of $1,515,000 Read the requirements Requirement 1. Assume there was no beginning inventory of any kind on January 1, 2020. 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? (Round your answers to the nearest cent) Assembly department cost per unit 151.50 Requirement 2. 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. Al direct materials have been added to the remaining 2.000 cameras. However, on average, these remaining 2.000 cameras are only 60% 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 cameras in February 2020? (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? First calculate the equivalent units Equivalent Units Direct Materials Conversion Costs Work done in current period 10,000 9,200 Now calculate the direct materials and conversion costs per equivalent unit for February. (Round your answers to the nearest cent.) Direct Materials Conversion Costs Cost per equivalent unit Requirements 1. Assume there was no beginning inventory of any kind on January 1, 2020 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? 2. 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 60% 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 cameras in February 2020? 3. Explain the difference in your answers to requirements 1 and 2. Print Done