Answer -
1. Answer -
Linsenmeyer Company | |||
Schedule of Costs | |||
For the month of September | |||
Molding dept. | Grinding dept. | Finishing dept. | |
Direct materials | $143700 | $14400 | $9500 |
Direct labor | $13900 | $33300 | $23100 |
Applied overhead | $18300 | $136400 | $18500 |
Costs added | $175900 | $184100 | $51100 |
Transferred-in cost: | |||
From Molding dept. | - | $175900 | - |
From Grinding dept. | - | - | $360000 |
Total manufacturing cost | $175900 | $360000 | $411100 |
Calculation:
a. Molding department:
Cost added:
= Direct materials + Direct labor + Applied overhead
= $143700 + $13900 + $18300
= $175900
Total manufacturing cost:
= Cost added + Product transferred in from a prior department
= $175900 + Not applicable
= $175900
b. Grinding department:
Cost added:
= Direct materials + Direct labor + Applied overhead
= $14400 + $33300 + $136400
= $184100
Total manufacturing cost:
= Cost added + Product transferred in from a prior department
= $184100 + $175900 (Molding department)
= $360000
c. Finishing department:
Cost added:
= Direct materials + Direct labor + Applied overhead
= $9500 + $23100 + $18500
= $51100
Total manufacturing cost:
= Cost added + Product transferred in from a prior department
= $51100 + $360000 (Molding department)
= $411100
Therefore,
Total manufacturing cost is $411100 for production of 9200 common machine component during September.
2. Answer -
The unit cost is $44.68 per unit.
Calculation:
Unit cost:
= Total manufacturing cost / Number of component produces
= $411100 / 9200 component
= $44.6847
Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and...
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