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 $777,600 for 2,160 production hours. Each unit requires 12 minutes of cell process time. During March, 960 DVR players were manufactured in the cell. The materials cost per unit is $84. The following summary transactions took place during March: Materials were purchased for March production. Conversion costs were applied to production. 960 DVR players were assembled and placed in finished goods. 910 DVR players were sold for $276 per unit. a.Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.$fill in the blank a06528f52faffb5_1 per hour b.Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.$fill in the blank a06528f52faffb5_2 per unit c.Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank. 1. ? ? ? ? 2. ? ? ? ? 3. ? ? ? ? 4. Sale ? ? ? ? 4. Cost ? ? ? ?

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...

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 $777,600 for 2,160 production hours. Each unit requires 12 minutes of cell process time. During March, 960 DVR players were manufactured in the cell. The materials cost per unit is $84. The following summary transactions took place during March:

Materials were purchased for March production.

Conversion costs were applied to production.

960 DVR players were assembled and placed in finished goods.

910 DVR players were sold for $276 per unit.

a.Determine the budgeted cell conversion cost per hour. If required, round to the nearest dollar.
$fill in the blank a06528f52faffb5_1 per hour

b.Determine the budgeted cell conversion cost per unit. If required, round to the nearest dollar.
$fill in the blank a06528f52faffb5_2 per unit

c.Journalize the summary transactions (1)–(4) for March. If an amount box does not require an entry, leave it blank.

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

Jun 08, 2022

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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...

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