Question

Is there a way that I can get help on my 2nd question about recording it on Prepare journal entries to record the flow of production costs during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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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.)

2.	Prepare journal entries to record the flow of production costs during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

   

      

Answer 1

	Plastic sheets	Standard Model	Delux Model	Executive Model	Total
Units Produced	4800	5800	3200	2100	15900
Extrusion Materials	52800	63800	35200	23100	174900
From Materials		17400	9600	6300	33300
Trim Materials			6400	4200	10600
Finish Material				10500	10500
Direct Material	52800	81200	51200	44100	229300
Direct Labor: Extrusion Operation	29280	35380	19520	12810	96990
From Operation		27086	14944	9807	51837
Trim Operation			18240	11970	30210
Finish Operation				16800	16800
Manufacturing Overhead:Extrusion Operation	81600	98600	54400	35700	270300
From Operation		48256	26624	17472	92300
Trim Operation			27520	18060	45580
Finish Operation				25200	25200
Total Cost	163680	290522	212448	191919	858680

Unit Cost                            34.1                      50.09                    66.39                    91.39