V.com CADDY Weather ouTube F FIDM Portal Login Career/Personality Nottlic h Huld a Amazon Calculator Lean accounting A MI Instructions Chart of Accounts Starting Questions Journal Instructions Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $480,000 for 1,600 production hours. Each unit requires 9 minutes of cell process time. During March, 1,300 DVR players were manufactured in the cell. The materials cost per unit is $135. The following summary transactions took place during March: 1. Materials were purchased for March production 2. Conversion costs were applied to production 3. 1,300 DVR players were assembled and placed in finished goods. 4. 1.270 DVR players were sold for $380 per unit Required: a. Determine the budgeted cel conversion cost per hour b. Determine the budgeted cel conversion cost per unit. Round your answer to one decimal place. c. Joumalize the summary transactions for March. Refer to the Chart of Accounts for exact wording of account ones. Chart of Accounts Check My Work Previous Next CengageNOWV2 Online tout Spring 2020 - Google Drive film/takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator=&inprogress=false a Amazon Woother Youtube F FIDM Portal Login E Career/Personality Calculator Chart of Accounts CHART OF ACCOUNTS Westgate Inc. General Ledger ASSETS REVENUE 110 Cash 410 les 120 Accounts Receivable 125 Notes Receivable 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 150 Raw and In Process Inventory 151 Finished Goods Inventory 180 Land 190 Equipment 191 Accumulated Depreciation Equipment EXPENSES 510 Cost of Goods Sold 511 Conversion Costs 521 Advertising Expense 523 Depreciation Expense-Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense LIABILITIES Calculator a Determine the budgeted cell conversion cost per hour. $300.00 per hour Points Feedback Check My Work Budgeted Cell Conversion Cost per hour: Budgeted Conversion Costs/Production Hours b. Determine the budgeted col conversion cost per unit, Round your answer to ono decimal place. $45.00 per unit Points: Feedback Check My Work Budgeted Cell Conversion Cost per unit: (Cell Process Time/80 Minutes) Conversion Cost Rate from Req, a Check My Work Previous Next c. Journalize the summary transactions for March 31. Refer to the Chart of Accounts for exact wording of account titles. All transactions on this page must be entered (except for post ref(s) before you will receive Check My Work feedback PAGE 10 JOURNAL Score: 6/126 DATE DESCRIPTION POST. REF DEBIT CREDIT 10 Check My Work Previous Next > V.com CADDY Weather ouTube F FIDM Portal Login Career/Personality Nottlic h Huld a Amazon Calculator Lean accounting A MI Instructions Chart of Accounts Starting Questions Journal Instructions Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder) players. The company manufactures DVR players through a single product cell. The budgeted conversion cost for the year is $480,000 for 1,600 production hours. Each unit requires 9 minutes of cell process time. During March, 1,300 DVR players were manufactured in the cell. The materials cost per unit is $135. The following summary transactions took place during March: 1. Materials were purchased for March production 2. Conversion costs were applied to production 3. 1,300 DVR players were assembled and placed in finished goods. 4. 1.270 DVR players were sold for $380 per unit Required: a. Determine the budgeted cel conversion cost per hour b. Determine the budgeted cel conversion cost per unit. Round your answer to one decimal place. c. Joumalize the summary transactions for March. Refer to the Chart of Accounts for exact wording of account ones. Chart of Accounts Check My Work Previous Next CengageNOWV2 Online tout Spring 2020 - Google Drive film/takeAssignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator=&inprogress=false a Amazon Woother Youtube F FIDM Portal Login E Career/Personality Calculator Chart of Accounts CHART OF ACCOUNTS Westgate Inc. General Ledger ASSETS REVENUE 110 Cash 410 les 120 Accounts Receivable 125 Notes Receivable 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 150 Raw and In Process Inventory 151 Finished Goods Inventory 180 Land 190 Equipment 191 Accumulated Depreciation Equipment EXPENSES 510 Cost of Goods Sold 511 Conversion Costs 521 Advertising Expense 523 Depreciation Expense-Equipment 526 Salaries Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense LIABILITIES Calculator a Determine the budgeted cell conversion cost per hour. $300.00 per hour Points Feedback Check My Work Budgeted Cell Conversion Cost per hour: Budgeted Conversion Costs/Production Hours b. Determine the budgeted col conversion cost per unit, Round your answer to ono decimal place. $45.00 per unit Points: Feedback Check My Work Budgeted Cell Conversion Cost per unit: (Cell Process Time/80 Minutes) Conversion Cost Rate from Req, a Check My Work Previous Next c. Journalize the summary transactions for March 31. Refer to the Chart of Accounts for exact wording of account titles. All transactions on this page must be entered (except for post ref(s) before you will receive Check My Work feedback PAGE 10 JOURNAL Score: 6/126 DATE DESCRIPTION POST. REF DEBIT CREDIT 10 Check My Work Previous Next >
