Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing, DBC McKay, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Actual Usage (by Plate Cutting) Driver Rate Direct labor cost 120% of direct labor $330,000 Inspection hours $40 per hour 4,002 hours Number of moves $100 per move 1,680 moves During the first quarter, the Plate Cutting Department used 20,000 hours (direct, indirect, and machine hours) to produce the quarter's output. Other quarterly data for the Plate Cutting Department are as follows: Beginning work in process, January 1 Units started 90,000 Direct materials cost $720,000 Units, ending work in process (100% materials; 64% conversion), March 31 6,000 Required: 1. Prepare a physical flow schedule. If an answer is zero, enter "O". Mckay, Inc. Physical flow schedule Units to account for: Units, beginning WIP o Units started 90,000 Total units to account for 90,000 Units accounted for: Units completed 84,000 Units, ending WIP 6,000 Total units accounted for 90,000 Feedback Check My Work 1. A physical flow schedule shows the units to account for and what happened to them. 2. Calculate equivalent units of production for: Equivalent Units 2. Calculate equivalent units of production for: Equivalent Units a. Direct Materials b. Conversion Costs 3. Calculate unit costs for the following. a. Direct materials $ per unit b. Conversion costs per unit c. Total manufacturing per unit 4. Provide the following information: a. The total cost of units transferred out