Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each customer’s instrument assembly. The data that follow concern only the eCar lean cell. For the year, Dashboard Inc. budgeted the following costs for the eCar production cell: Conversion Cost Categories Budget Labor $800,000 Supplies 275,000 Utilities 325,000 Total $1,400,000 Dashboard Inc. plans 2,000 hours of production for the eCar cell for the year. The materials cost is $240 per instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no April 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory. The following summary events took place in the eCar cell during April: Electronic parts and wiring were purchased to produce 450 instrument assemblies in April. b. Conversion costs were applied for the production of 400 units in April. c. 380 units were started, completed, and transferred to finished goods in April. d. 350 units were shipped to customers at a price of $800 per unit. Determine the budgeted cell conversion cost per hour. $ per hour Determine the budgeted cell conversion cost per unit. $ per unit Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave it blank. a. b. c. d. Sale d. Cost Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory. Raw and In Process Inventory: $ Finished Goods Inventory: $

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 3PA: Lean accounting Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar...

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Lean Accounting

Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and Greenville Motors. The process consists of a lean product cell for each customer’s instrument assembly. The data that follow concern only the eCar lean cell.

For the year, Dashboard Inc. budgeted the following costs for the eCar production cell:

Conversion Cost Categories	Budget
Labor	$800,000
Supplies	275,000
Utilities	325,000
Total		$1,400,000

Dashboard Inc. plans 2,000 hours of production for the eCar cell for the year. The materials cost is $240 per instrument assembly. Each assembly requires 24 minutes of cell assembly time. There was no April 1 inventory for either Raw and In Process Inventory or Finished Goods Inventory.

The following summary events took place in the eCar cell during April:

Electronic parts and wiring were purchased to produce 450 instrument assemblies in April.
b. Conversion costs were applied for the production of 400 units in April.
c. 380 units were started, completed, and transferred to finished goods in April.
d. 350 units were shipped to customers at a price of $800 per unit.

Determine the budgeted cell conversion cost per hour.
$ per hour

Determine the budgeted cell conversion cost per unit.
$ per unit

Journalize the summary transactions (a) through (d). If an amount box does not require an entry, leave it blank.

a.


b.


c.


d. Sale


d. Cost

Determine the ending balance in Raw and In Process Inventory and Finished Goods Inventory.

Raw and In Process Inventory:	$
Finished Goods Inventory:	$

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