Lean Accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $28. The budgeted conversion cost for the year is $76,800 for 1,600 production hours. A unit of Style Omega requires 18 minutes of cell production time. The following transactions took place during June: 1. Materials were acquired to assemble 790 Style Omega units for June. 2. Conversion costs were applied to 790 Style Omega units of production. 3. 730 units of Style Omega were completed in June. 4. 690 units of Style Omega were sold in June for $80 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

Lean Accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $28. The budgeted conversion cost for the year is $76,800 for 1,600 production hours. A unit of Style Omega requires 18 minutes of cell production time. The following transactions took place during June: 1. Materials were acquired to assemble 790 Style Omega units for June. 2. Conversion costs were applied to 790 Style Omega units of production. 3. 730 units of Style Omega were completed in June. 4. 690 units of Style Omega were sold in June for $80 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

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 13E: Lean accounting Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing...

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