Question

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 $143,700 $14,400 $9,500 Direct labor 13,900 33,300 23,100 Applied overhead 18,300 136,400 18,500 During September, 9,200 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.)

Answer 1

the unit cost of each product is

Step-by-step explanation:

Moulding Grinding Finishing

Direct Material 143,700 14,400 9,500

Direct Labour 13,900 33,300 23,100

Applied Overhead 18,300 136,400 18,500

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Total cost 175,900 184,100 51,100

Transferred in cost 175,900

Total Manufacturing ________________________________

Cost 175,900 360,000 411,100

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unit cost = 51100 ÷ 9200 = 5.55