Instructions Linsenmeyer Company produces a common machine component for industr
ID: 2340138 • Letter: I
Question
Instructions Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September Molding Grinding Finishing Department Department Department Direct materials Direct labor Applied overhead $286,400 27,600 35,000 $30,400 67,200 272,000 $29,400 68,400 57,000 During September, 18,000 components were completed. There is no beginning or ending WIP in any department Required: 1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost 2. Calculate the unit cost. (Round the unit cost to two decimal places.)Explanation / Answer
1.
2. Unit cost = $873400/18000 units = $48.52
Linsenmeyer Company Schedule of Costs For the Month of September 1 Molding Dept. Grinding Dept. Finishing Dept. 2 Direct materials 286400.00 30400.00 29400.00 3 Direct labor 27600.00 67200.00 68400.00 4 Applied overhead 35000.00 272000.00 57000.00 5 Costs added 349000.00 369600.00 154800.00 6 Transferred-in cost: 7 From Molding 349000.00 8 From Grinding 718600.00 9 Total manufacturing cost 349000.00 718600.00 873400.00