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Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in teh same plant and require the same assembling operations. The difference between the models is in the cost of the parts

Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in teh same plant and require the same assembling operations. The difference between the models is in the cost of the parts

Managerial Accounting
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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Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in teh same plant and require the same assembling operations. The difference between the models is in the cost of the parts. 

Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is in the cost of the parts. The following data are available for June: Total 56,000 Fin-X Sci-X 13,000 $17 Number of units 43,000 $29 Parts cost per unit Other costs: Direct labor Indirect materials $ 59,500 18,100 90,400 Overhead Total $168,000 Required: Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Fin-X and Sci-X models for June. Fin-X Sci-X Total Operation cost Materials cost Total cost Number of units Unit cost
Transcribed Image Text:Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and the scientific model is the Sci-X. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is in the cost of the parts. The following data are available for June: Total 56,000 Fin-X Sci-X 13,000 $17 Number of units 43,000 $29 Parts cost per unit Other costs: Direct labor Indirect materials $ 59,500 18,100 90,400 Overhead Total $168,000 Required: Vermont Instruments uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Fin-X and Sci-X models for June. Fin-X Sci-X Total Operation cost Materials cost Total cost Number of units Unit cost
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