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Lean Accounting Westgate Inc. uses a lean manufacturing strategy to manufacture DVR (digital video recorder)...

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Accounting

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 $802,200 for 1,910 production hours. Each unit requires 20 minutes of cell process time. During March, 950 DVR players were manufactured in the cell. The materials cost per unit is $69. The following summary transactions took place during March:

Materials were purchased for March production.

Conversion costs were applied to production.

950 DVR players were assembled and placed in finished goods.

900 DVR players were sold for $370 per unit.

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

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

c. Journalize the summary transactions (1)(4) for March.

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

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