Lean Accounting 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 $719,400 for 2,180 production hours. Each unit requires 10 minutes of cell process time. During March, 830 DVR players were manufactured in the cell. The materials cost per unit is $73. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 830 DVR players were assembled and placed in finished goods. 790 DVR players were sold for $227 per unit. a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar. $fill in the blank 306481020facfbc_1 per hour b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar. $fill in the blank 306481020facfbc_2 per unit c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. 1. fill in the blank 22124d0d0fc9046_2 fill in the blank 22124d0d0fc9046_3 fill in the blank 22124d0d0fc9046_5 fill in the blank 22124d0d0fc9046_6 2. fill in the blank 22124d0d0fc9046_8 fill in the blank 22124d0d0fc9046_9 fill in the blank 22124d0d0fc9046_11 fill in the blank 22124d0d0fc9046_12 3. fill in the blank 22124d0d0fc9046_14 fill in the blank 22124d0d0fc9046_15 fill in the blank 22124d0d0fc9046_17 fill in the blank 22124d0d0fc9046_18 4. Sale fill in the blank 22124d0d0fc9046_20 fill in the blank 22124d0d0fc9046_21 fill in the blank 22124d0d0fc9046_23 fill in the blank 22124d0d0fc9046_24 4. Cost fill in the blank 22124d0d0fc9046_26 fill in the blank 22124d0d0fc9046_27 fill in the blank 22124d0d0fc9046_29 fill in the blank 22124d0d0fc9046_30

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 12E

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Lean Accounting

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 $719,400 for 2,180 production hours. Each unit requires 10 minutes of cell process time. During March, 830 DVR players were manufactured in the cell. The materials cost per unit is $73. The following summary transactions took place during March:

Materials were purchased for March production.
Conversion costs were applied to production.
830 DVR players were assembled and placed in finished goods.
790 DVR players were sold for $227 per unit.

a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.
$fill in the blank 306481020facfbc_1 per hour

b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.
$fill in the blank 306481020facfbc_2 per unit

c. Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank.

1.	fill in the blank 22124d0d0fc9046_2	fill in the blank 22124d0d0fc9046_3
	fill in the blank 22124d0d0fc9046_5	fill in the blank 22124d0d0fc9046_6
2.	fill in the blank 22124d0d0fc9046_8	fill in the blank 22124d0d0fc9046_9
	fill in the blank 22124d0d0fc9046_11	fill in the blank 22124d0d0fc9046_12
3.	fill in the blank 22124d0d0fc9046_14	fill in the blank 22124d0d0fc9046_15
	fill in the blank 22124d0d0fc9046_17	fill in the blank 22124d0d0fc9046_18
4. Sale	fill in the blank 22124d0d0fc9046_20	fill in the blank 22124d0d0fc9046_21
	fill in the blank 22124d0d0fc9046_23	fill in the blank 22124d0d0fc9046_24
4. Cost	fill in the blank 22124d0d0fc9046_26	fill in the blank 22124d0d0fc9046_27
	fill in the blank 22124d0d0fc9046_29	fill in the blank 22124d0d0fc9046_30

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