Question

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Plattsburg Plastics Corporation manufactures a variety of plastic products, including a series of molded chairs. The three models of molded chairs, which are all variations of the same design, are Standard (can be stacked), Deluxe (with arms), and Executive (with arms and padding). The company uses batch manufacturing and has an operation-costing system. The production process includes an extrusion operation and subsequent operations to form, trim, and finish the chairs. Plastic sheets are produced by the extrusion operation, some of which are sold directly to other manufacturers. During the forming operation, the remaining plastic sheets are molded into chair seats and the legs are added; the Standard model is sold after this operation. During the trim operation, the arms are added to the Deluxe and Executive models and the chair edges are smoothed. Only the Executive model enters the finish operation where the padding is added. All of the units produced receive the same steps within each operation. The March production run had a total manufacturing cost of $858,680. The units of production and direct-material costs incurred were as follows:

     

	Units Produced		Extrusion Materials			Form Materials			Trim Materials			Finish Materials
Plastic sheets	4,800		$	52,800
Standard model	5,800			63,800		$	17,400
Deluxe model	3,200			35,200			9,600		$	6,400
Executive model	2,100			23,100			6,300			4,200		$	10,500
Total	15,900		$	174,900		$	33,300		$	10,600		$	10,500

Manufacturing costs applied during the month of March were as follows:

   

	Extrusion Operation				Form Operation				Trim Operation				Finish Operation
Direct labor		$	96,990			$	52,000			$	30,210			$	16,800
Manufacturing overhead			270,300				92,300				45,580				25,200

Required:

1.	For each product produced by Plattsburg Plastics Corporation during the month of March, determine the (a) unit cost and (b) total cost. Be sure to account for all costs incurred during the month. (Round "Unit costs" to 2 decimal places.)

	Product Unit Costs Total Product Costs Plastic sheets Standard model Deluxe model Executive model Total

• 1

  Record raw material and conversion cost incurred by the extrusion department.

• 2

  Record the transfer of goods completed by extrusion department.

• 3

  Record raw material and conversion cost incurred by the forming department.

• 4

  Record the transfer of goods completed by forming department.

• 5

  Record raw material and conversion cost incurred by the trimming department.

• 6

  Record the transfer of goods completed by trimming department.

• 7

  Record raw material and conversion cost incurred by the finishing department.

• 8

  Record the transfer of goods completed by finishing department.

• 
  
• 
  

Answer 1

Dear Student ,

Please see below answer relates to allocation cost .

Plattsburg Plastic Corporation manufactured variety of Plastic products
Product	Plastic Sheets$	Standard Model$	Deluxe Model$	Executive Model$
Extrusion Material	52,800	63,800	35,200	23,100
From Material		17,400	9,600	6,300
Trim Material			6,400	4,200
Finish Material				10,500
Total material-A	52,800	81,200	51,200	44,100
Direct Labour ( wn1)
Extrusion Material	29,280	35,380	19,520	12,810
From Operation		27,171	14,991	9,838
Trim Operation			18,240	11,970
Finish Operation				16,800
Total Labour-B	29,280	62,551	52,751	51,418
Manufacturing OH( wn2)
Extrusion Material	81,600	98,600	54,400	35,700
From Operation		48,229	26,609	17,462
Trim Operation			27,520	18,060
Finish Operation				25,200
Total manufacturing OH-C	81,600	1,46,829	1,08,529	96,422
Total Product cost(A+B+c)=D	1,63,680	2,90,580	2,12,480	1,91,940
Number of Unit E	4,800	5,800	3,200	2,100
Rate / Unit(D/E)	34	50	66	91
Direct Labour	Plastic Sheets $	Standard Model$	Deluxe Model$	Executive Model$	Total Unit
Extrusion Material
$270300
Unit	4,800	5,800	3,200	2,100	15,900
Allocate Extusion material	81,600	98,600	54,400	35,700
	(4800/15900*270300)	(5800/15900*270300)	(3200/15900*270300)	(2100/15900*270300)
From Operation
Unit		5,800	3,200	2,100	11,100
Allocate cost-$92300		48,229	26,609	17,462	92,300
		(5800/11100)*$92300	(3200/11100)*$92300	(2100/11100)*$92300
Trim Operation
Unit			6,400	4,200	10,600
$45580- allocated cost			27,520	18,060	45,580
			(6400/10600)*$45580	(4200/10600)*$45580