The Thudaka Company has budgeted its conversion cost for the small lamp producti
ID: 2498030 • Letter: T
Question
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. A) Materials are purchased to produce 4,000 units. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. A) Materials are purchased to produce 4,000 units. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. A) Materials are purchased to produce 4,000 units. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. A) Materials are purchased to produce 4,000 units. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. A) Materials are purchased to produce 4,000 units. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
The Thudaka Company has budgeted its conversion cost for the small lamp production as $65,000 for 1,300 production hours. Each unit produced by the cell requires 15 minutes of process time. During the month, 3,800 units are manufactured in the cell. The estimated material cost is $18 per unit. Provide the following journal entries. B) conversion costs are applied to applied to 3,800 units of production C) 3,650 units are placed into finished good
Explanation / Answer
Solution:
Prepareation of Journals:
(A).
Raw Material Purchased 72,000
Accounts Payable 72,000
(Note: Materials 4,000 Units * Per Unit $18 = 72,000)
(B).
Work in Process Inventory 68,400
Raw Material Inventory 68,400
(Note: 3,800 Units * $ 18 Per Unit = 68,400)
(C).
Finished Goods 65,700
Wor in Process 65,700
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.