Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lean accounting modern lighting inc. manufactures

Lean Accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has...

50.1K

Verified Solution

Question

Accounting

Lean Accounting

Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $26. The budgeted conversion cost for the year is $91,800 for 1,800 production hours. A unit of Style Omega requires 12 minutes of cell production time. The following transactions took place during June:

  1. Materials were acquired to assemble 830 Style Omega units for June.
  2. Conversion costs were applied to 830 Style Omega units of production.
  3. 770 units of Style Omega were completed in June.
  4. 720 units of Style Omega were sold in June for $70 per unit.

a. Determine the budgeted cell conversion cost per hour. If required, round to the nearest cent. $ per hour

b. Determine the budgeted cell conversion cost per unit. If required, round to the nearest cent. $ per unit

c. Journalize the summary transactions (1)(4) for June. If required, round your answers to one decimal place.

1.
2.
3.
4. Sale
4. Cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

3 OM F Function YES or NO Domain 2 Range y 100

Chemistry
1.2K views

1.what is 'polarization'? 2.explain the diffrence between 'orientation polarization' and 'distortion polarization'.

Biology
1.2K views

Once you find a resource that seems to match up with your topic, what is...

Physics
1.2K views

Space between plates of a parallel plate capacitor is filled with three dielectric slabs as...

Physics
1.2K views

Two particles having masses m and m are placed at a separation r between them...

Geometry
1.2K views

K Question 9 2 Use the currency exchange rates in the table for the following...

Algebra
1.2K views

24 Given a line whose slope m is 3 and passes through point 4 0...

Accounting
1.2K views

hi i want a cash flow chart of a trucking company for 12 months (for...

Accounting
1.2K views

Question 3 (1 point) Saved What document must you file with the state before you...

Accounting
1.2K views

Cullumber Incorporated leases a piece of machinery to Riverbed Company on January 1, 2020, under...

Accounting
1.2K views

please answer all the question for a like and subscribe button ASAP ...

Finance
1.2K views

ta . Data Table (Click on the following icon in order to copy its...