Question
Your manufacturing facility produces three styles of coffee tables for its customers. All three of the tables use the same Baltic birch plywood oval and
Your manufacturing facility produces three styles of coffee tables for its customers. All three of the tables use the same Baltic birch plywood oval and then are treated differently to create the final products. The Waltons model has a natural wood finish and wooden legs. The jetsons model has aluminum sheet laminated to the wood base and aluminum legs. The Miami vice model has hot pink finish applied and black iron legs. The plywood ovals are manufactured in a process environment. Then, they are transferred to the next department where they undergo transformation into the finished products. The second department is a job-order cost environment.
Using the data on this page, prepare the process cost summary on the blank form provided. Then, using your answer from the process cost summary and other information provided, complete the job-order cost report by computing manufacturing cost per unit for each of the three models. Please not that the job order cost report is not complete – you’ll need to add some lines to arrive at your final manufacturing costs per unit.
Geheral ( Copy Paste BIU Merge & Center 2$ V Format O Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. O Activate Office to Create and Edit Buy Office or sign in to activate Office if you've already bought it. K2 :x v fx A G H K. 1. 2 Your manufacturing facility produces three styles of coffee tables for its customers. All three of the tables use the same Baltic birch plywood oval and then are treated differently to create the final products. The Waltons model has a natural wood finish and wooden legs. The Jetsons model has aluminum sheet laminated to the wood base and aluminum legs. The Miami Vice model has a hot pink 4. 6 finish applied and black iron legs. 8. The plywood ovals are manufactured in a process environment. Then, they are transferred to the next department where they undergo transformation into the finished products. The second department is a 9 10 job-order cost environment. 11 12 Required: 13 14 Using the data on this page, prepare the process cost summary on the blank form provided. Then, using your answer from the process cost summary and other information provided, complete the job-order cost report by computing manufacturing cost per unit for each of the three models. Please note that the job order cost report is not complete - you'll need to add some lines to arrive at your final manufacturing costs per unit. 15 16 17 18 19 20 Take a photo of your completed blanks and submit as a pdf on Canvas where indicated. 21 22 23 Raw Materials 24 Factory Overhead Beginning RM Inventory RM Purchases (on credit) 16,960 Indirect Materials Used 25 174,300 452,100 Indirect Labor Used 26 Direct Material Used 95,700 (247,620) Other Overhead Costs 27 lindirect Material Used (174,400) 186,550 Total Overhead incurred 28 Ending RM Inventory 456,550 47,040 29 30 Factory Overhead Factory Payroll Applied at 180% of DL$ 31 467,730 Direct Labor Used Indirect Labor Used 259,850 32 95,700 355,550 Direct labor Used 33 Total Payroll (paid in cash) 259,850 Overhead Applied 34 467,730 Total Conversion 35 36 37 Units 727,580 Beginning WIP Started into Production Ending WIP 5,200 20,300 Costs Beginning WIP - DM Beginning WIP Converlon. 30 12,900 4.500 27.100 process data process cost summary blank job order cost report blank esc @ %23 $ & 3 4 6 Q W E R ab
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