Lean Accounting The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell requires 20 minutes of cell process time. During the month, 600 units are manufactured in the cell. The estimated materials costs are $30 per unit. (Do not round per unit cost. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 500 units. b. Conversion costs are applied to 600 units of production. c. The cell completes 450 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lean Accounting The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Where are did spain settle in
Answers (1)
Ashton's gross pay is 82,000. He receives tax credits of 2,000. He pays total taxes of 4,500. What are his taxable and disposable incomes.
Answers (1)
Crawford Company's standard fixed overhead rate is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows one direct labor hour per unit.
Answers (1)
The following information is from the annual financial statements of Raheem Company. Year 3 Year 2 Year 1 Net sales $ 405,140 $ 335,280 $ 388,000 Accounts receivable, net (year-end) 44,800 41,400 34,800 (1) Compute its accounts receivable turnover
Answers (1)
How much interest is paid on a 52,000 loan if the monthly payments are 450.23 for 30 years? h of these equations shows how installment loans are calculated?
Answers (1)
New Questions in Business
One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%.
Answers (1)
A short-term financial goal might include saving for
Answers (1)
Borrower Kathy has a starting balance of $150,000 at the beginning of January. She is being charged at 3.25% interest. Her total monthly payment for combined principal and interest is $640.50. How much of the first payment is the principal? 1) $640.
Answers (1)
Your boss at swift electronics is getting ready to enter into a series of contracts with new group of suppliers. she is concerned with avoiding the delays and high costs of any litigation that might result from the new agreements.
Answers (1)
North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line depreciation over a four-year period for financial reporting purposes.
Answers (1)