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   ? ?     ?

Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $140. The budgeted conversion cost for the year is $180,600 for 2,150 production hours. A unit of Style Omega requires 15 minutes of cell production time. The following transactions took place during June: 1.  Materials were acquired to assemble 850 Style Omega units for June. 2.  Conversion costs were applied to 850 Style Omega units of production. 3.  835 units of Style Omega were completed in June. 4.  820 units of Style Omega were sold in June for $191 per unit.     Required: a. Determine the budgeted cell conversion cost per hour. b. Determine the budgeted cell conversion cost per unit. c. Journalize the summary transactions (1)-(4) for June. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Modern Lighting Inc. General Ledger   ASSETS 110 Cash 120 Accounts Receivable…

Picozzi Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per snow-day. For the month of January, the company planned for activity of 16 snow-days, but the actual level of activity was 18 snow-days. The actual vehicle operating cost for the month was $7,720. The vehicle operating cost in the planning budget for January would be closest to:

John’s Surfboards manufactures fibreglass surfboards.  The standard cost of direct materials and direct manufacturing labour is $100 per board.  This includes 20 kg of direct materials, at the budgeted price of $2 per kilogram, and 5 hours of direct manufacturing labour, at the budgeted rate of $12 per hour.  Following are additional data for the month of July: Units completed 6,000 units Direct material purchases 150,000 kilograms Cost of direct material purchases $292,500 Actual direct manufacturing labour-hours 32,000 hours Actual direct labour cost $368,000 Direct material efficiency variance $12,500 U There were no beginning inventories. Required: Compute direct manufacturing labour variances for July.  Compute the actual kilograms of direct materials used in production in July. Calculate the actual price per kilogram of direct material purchased. Calculate the direct materials price variance.