Tej Dhakar's company wants to establish kanbans to feed a newly established work cell. The following data have been provided. Note: This is a level production system. Daily demand units Production lead time Safety stock Kanban size units How many kanbans are needed? nothing kanbans (round your response to the nearest whole number).
Answers
Answer:
14 kanbans
Explanation:
Note: The full question is attached as picture below
d = 150 units
lt = 3.00 days
Safety stock = 1.50 days
c = 50 units
Demand during lead time = d * LT
Demand during lead time = 150 * 3
Demand during lead time = 450 units
Safety stock = d * 1.50 days
Safety stock = 150 * 1.50
Safety stock = 225 units
N = Demand during lead time + Safety stock / C
N = 450 units + 225 units / 50 units
N = 675 / 50
N = 13.5
N = 14 kanbans
So therefore, the unit of 14 kanbans are needed.
Related Questions
Assume you are the CFO of a company that has accumulated a significant amount of cash, well beyond its foreseeable needs. The company’s CEO has asked your opinion about using the cash to repurchase company shares or using the cash to distribute an extraordinary dividend to your shareholders. In a brief memo, explain to the CEO what the pros and cons of each of these are. You may assume your company is a fictitious one and assign to it whatever circumstances you like or you may assume your company is an actual existing corporation. Your memo should include at least two references to published works like books, articles, etc.
Answers
Answer:
I believe that the best action is to repurchase stocks.
Paying a large and unexpected dividend will yield an immediate return, but it will also decrease the stock's price. On the other hand, repurchasing stocks will result in lower outstanding stocks and the same cash flows. This will result in higher stock prices. Supposedly, upper management has the duty to increase the wealth of stockholders and that is achieved through higher stock prices.
Explanation:
Your company, ABC Reading, writes unique Open- GLbased reading software for children in grade school. ABC employs about 30 sales representatives who interact with school districts around the nation to sell and support your software. ABC has given each sales representative a powerful laptop on which to demonstrate your 3D software to principals and district representatives. Because of the nature of their jobs, sales reps are constantly connecting their laptops to school and hotel networks during the day and to your corporate network via VPN. You are worried about viruses and worms entering your corporate network through one of their laptops. What protections and preventions would you take to guard against this?
Answers
Answer: See explanation
Explanation:
To guard against viruses and worms from entering the corporate network through one of their laptops, it is important that anti-virus software should be installed into the system and the software should be updated regularly.
Furthermore, firewall can help in the prevention of unauthorized access to the system. Data encryption can also be done in order to prevent day piracy.
Lastly, strong passwords and security protocols can be utilized as well.
Choose all of the fluctuations in the business cycle that could experience a negative output gap.
A)
expansion
B)
peak
C)
prosperity
D)
recession
E)
trough
Answers
Answer :A, D, and E
Explanation:
The right answers on USATestPrep
Expansion, recession, and trough are the fluctuations in the business cycle that could experience a negative output gap. Therefore options A, D, and E are correct.
What is the output gap?The difference between real GDP or actual production and prospective GDP is known as the GDP gap or the output gap, and it is used to measure the present economic situation relative to the business cycle. The production gap is a key macroeconomic policy indicator (in particular in the context of EU fiscal rules compliance).
The GDP gap is a controversial idea, especially because the potential GDP is not an observable metric and is frequently computed from historical GDP statistics, which might result in systemic downward biases.
A chronic, wide production gap has detrimental effects on a nation's labor market, long-term economic potential, and public finances, among other things. First, since production gaps show that employees who would prefer to work are instead idle because the economy is not generating capacity, the labor market will underperform for a longer period of time. An unemployment rate of 7.3% in October 2013 shows the slack in the US job market, compared to an average yearly rate of 4.6% in 2007 when the worst of the crisis hit.
To learn more about the output gap follow the link.
https://brainly.com/question/29556015
#SPJ2
Converse Company reported net income of $200,000 in 2020. Depreciation expense was $15,000 and amortization expense on patents was $2,500 in 2020. In addition, the balance sheet reported the following balance changes during 2020.
Decrease in accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000
Increase in debt investments classified as available-for-sale securities. . . . .4,500
Decrease in prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Decrease in accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Increase in accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Decrease in short-term nontrade notes payable . . . . . . . . . . . . . . . . . . . . . . .8,000
Net Cash provided by operating activities was:______.
Answers
Answer:
net cash flow from operating activities $221,000
Explanation:
The computation of the Net Cash provided by operating activities are as follows;
Cash flows from operating activities
Net income $200,000
Add: depreciation expense $15,000
Add: amortization expense is $2,500
Add: decrease in account receivable $5,000
Add decrease in prepaid expense $2,000
Less decrease in account payable -$8,000
Add increase in accrued expense $4,500
net cash flow from operating activities $221,000
Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 53,000 units per month is as follows:
Per Unit
Direct materials $49.10
Direct labor $9.40
Variable manufacturing overhead $2.40
Fixed manufacturing overhead $19.90
Variable selling & administrative expense $4.40
Fixed selling & administrative expense $21.00
The normal selling price of the product is $112.10 per unit.
An order has been received from an overseas customer for 3,300 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $2.50 less per unit on this order than on normal sales. Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $89.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be: _________
a. ($67,000)
b. $22,110
c. $87,780
d. ($55,440)
Answers
Answer: $87780
Explanation:
The monthly financial advantage (disadvantage) for the company as a result of accepting this special order will be calculated thus:
Sales = $295020
Less Cost:
Material = $162030
Labor = $31020
Variable manufacturing = $7920
Variable selling = $6720
Total cost = $207240
Financial Advantage = $295020 - $207240
= $87780
Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research.
a. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical resear.
b. The entity received pledges of $700,000 for its endowment fund. All pledges will be collected next year.
c. The entity received donated services of $1,200 from medical researchers who helped with the entity's on-going drug development research. It also received $300 in donated services from students, who helped clean the research facilities.
d. The entity paid medical research operating expenses of $5,000 that were related to restricted net assets it had received in prior years.
Answers
Answer:
S/n Journal Entry Debit Credit
1 Cash $1,500
Contributions-Unrestricted $500
Contributions-Temporarily Restricted $1,000
2 Pledges Receivable $700,000
Contributions-Permanently Restricted $700,000
3 Medical Research Program Expenses $1,200
Contributions-Unrestricted $1,200
4 Medical Research Program Expenses $5,000
Cash $5,000
Net Assets Release - Satisfaction of $5,000
Program Restrictions - Temporarily
Restricted
Net Assets Released- Satisfaction of $5,000
Program Restrictions-Unrestricted
Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $4.1 million. The patent will be used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $180,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used.
Answers
Answer:
the patent amortization expense for the year 2021 is $231,000
Explanation:
The computation of the patent amortization is shown below:
= (Acquired value of the patent - ending value) ÷ legal life
= ($4,800,000 - $180,000) ÷ 20 years
= $231,000
We simply applied the above formula so that the correct value could come
Hence, the patent amortization expense for the year 2021 is $231,000
A broker-dealer and its agent are registered in State A. The agent tells a customer in State A that he is prohibited from making an offer of a security in that State because the security is not registered in State A and the security is non-exempt. However, he tells the customer that he can accept an offer to buy that security from the client because then the transaction would be exempt. Which statement is TRUE?
Answers
Answer:
There is a violation of Uniform State Law because the agent has made an offer to sell an unregistered non-exempt security in that State
Explanation:
The Uniform State Securities Law is also called blue sky law, and they are put in place at the State level to prevent fraud and to enforce security regulation.
This law was set up to handle investments that do not occur at the federal level. These are out of the purview of the SEC so states handle them.
In the given scenario the agent is trying to make a non exempt security exempt by buying it from the client.
This is an attempt to sell the securities to investors through fraudulent means and it is a violation of Uniform State Law
If an employee's family member is seriously ill, employers are required to allow the employee up to how many weeks off?
Question 2 options:
a) 1
b) 2
c) 8
d) 12
Answers
Answer: 12 weeks
Explanation:
If an employee's family member is seriously ill, the employers are required to allow the employee up to 12 weeks off.
According to the Family Medical Leave Act, it should be noted that the individuals who work for the employers who have 50 or more employees can be given about 12 weeks of unpaid leave in a year which they can use to take care of family members that are seriously sick or care for new children or seriously ill family members, or for themselves if they're seriously sick.
The two most common types of accounts to manage your money are _________ and __________.
A. principal and savings accounts
B. online banking and checking accounts
C. checking and savings accounts
D. CD's and stocks
Answers
Answer:
c, checking and saving accounts
Jayden gave Olivia a ring when she agreed to marry him. The ring is a family heirloom valued at $68,000. What is the amount of the taxable gift
Answers
Answer: $54000
Explanation:
A gift is a proceed gotten from a generosity. It should be noted that gift up to the amount of $14000 is exempt from the gift tax.
Therefore, since the ring is a family heirloom valued at $68,000, we deduct $14000 from it to get the amount of the taxable gift which will be:
= $68000 - $14000
= $54000
What contribution does the retail sector make to the UK economy ?
Answers
Answer:
The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy. 14% of all UK investment made by large non financial-sector firms is made by large retailers. Retailers purchase around £180bn worth of goods for resale, supporting £47bn of output from other sectors.
Answer:
The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy.
Explanation:
14% of all UK investment made by large non financial-sector firms is made by large retailers. from other sectors. Retailers pay out £4 billion every year in dividends to shareholders, around 5% of the UK total.
What is the relationship between an emergency fund and credit/loans
Answers
Answer:
Explanation:
Assets in an emergency fund tend to be cash or other highly liquid assets. This reduces the need to either draw from high-interest debt options, such as credit cards or unsecured loans, or undermine your future security by tapping into retirement funds.
An emergency fund is where you save money for unexpected expenses. Using credit/loans is when you borrow money for stuff, but you have to pay back monthly payments.
A certain item cost Tshs 235 per ton. the monthly requirements are 5 tons and each time the stock is replenished. There is step up of Tshs 1000. the costs of carrying inventory has been estimated at 10% of the value of the stock per year. (a) what is the optimal order quantity? (b) what is the optimal total costs? (c) determine the optimal time between to order. (d) what is the optimal number of order?
Answers
Answer:
Russian Roulete
Explanation:
Match the accounting terms with the corresponding definitions.
1. Specific Identification
2. Materiality Concept
3. Last- In, First-Out (LIFO)
4. Conservatism
5. Consistency Principle
6. Weighted-Average
7. Disclosure Principle
8. First-In, First-Out (FIFO)
a. Treats the oldest inventory purchases as the first units sold.
b. Requires that a company report enough information for outsiders to make knowledgeable decisions.
c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
d. Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
e. Principle whose foundation is to exercise caution in reporting financial statement items.
f. Treats the most recent/ newest purchases as the first units sold.
g. Businesses should use the same accounting methods from period to period.
h. Principle that states significant items must conform to GAAP.
Answers
Answer:
FIFO - Treats the oldest inventory purchases as the first units sold.
Disclosure Principle - A company should report enough information for outsiders to make informed decisions about the company
Specific Identification - c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
Weighted-Average - Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
Principle whose foundation is to exercise caution in reporting financial statement items. - Conservatism
f. Treats the most recent/ newest purchases as the first units sold. - LIFO
consistency principle = g. Businesses should use the same accounting methods from period to period.
Principle that states significant items must conform to GAAP. - Materiality
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 11.0 million of the company's $1 par common shares within the next eight years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, $16 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfeitures are anticipated. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives? (Round your answer to 1 decimal place.)
Answers
Answer:
N. Corporation
There is no effect on earnings in the year after the options are granted.
Explanation:
a) Data and Calculations:
Number of stock options granted to executives = 11.0 million
Par value of common stock = $1
Period before the vesting of interest = 8 years
Grant date = January 1, 2021
Vesting date = December 31, 2023
Exercise price on the date of grant = $16
Fair value of the options = $4 per option
Total compensation expense for the stock option = $44 million ($4 * 11 million)
b) The compensation expense is accrued starting from the vesting date and not before. Therefore, there is no effect on the earnings in the year after the options are granted to the executives.
A researcher is interested to know if there is a difference in levels of religiosity between different income groups. The researcher administers a religiosity scale to a total of 15 people: 5 "low income" individuals, 5 "middle income" individuals, and 5 "high income" individuals. The means for each group are as follows:
Group A Low income N=5 Group B Middle Income N=5 Group C High Income N=5
∑X 37 22 43
Mean 7.4 4.4 8.6
∑X2 285 102 381
Answers
Answer: Your question is incomplete below is the missing part
missing question : Calculate the between-group sum of squares
Answer : 46.8
Explanation:
Given data :
N = 5 for each group
First step : determine the grand mean value
∑ mean values / number of groups = ( 7.4 + 4.4 + 8.6 ) / 3 = 6.8
Finally the between-group sum of squares
= N ( mean A - Grand mean )^2 + N( mean B - Grand mean)^2 + N( mean C -grand mean )^2
= 5 ( 7.4 - 6.8)^2 + 5( 4.4 - 6.8 )^2 + 5( 8.6 - 6.8 )^2
≈ 46.8
Lions Incorporation produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The activity rate for Machining is $170 per machine hour, and the activity rate for Inspection is $510 per batch. The activity drivers are used as follows:
Product A Product X Total
Machine hours 1,900 3,900 5,800
Number of batches 45 22 67
What is the amount of Machining cost assigned to Product X?
a. $780,000
b. $22,500
c. $380,000
d. $950,000
Answers
Answer:
Lions Incorporation
The amount of Machining cost assigned to Product X is:
= $663,000.
Explanation:
a) Data and Calculations:
Product A Product X Total
Activities used Machining Inspection
Activity driver Machine hours Number of batches
Activity rate $170/ mh $510/ batch
Usage of activity drivers:
Machine hours 1,900 3,900 5,800
Number of batches 45 22 67
The amount of Machining cost assigned to Product X:
= 3,900 * $170 = $663,000
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:
Cost of new equipment and timbers $500,000
Working capital required 100,000
Annual net cash receipts 120,000
Cost to construct new roads in three years 40,000
Salvage value of equipment in four years 65,000
Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth
The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 20%.
Required:
Determine the net present value of the proposed mining project.
Answers
Answer:
Windhoek Mines, Ltd.
The net present value of the proposed mining project is:
= ($232,950).
Explanation:
a) Data and Calculations:
Cost of new equipment and timbers = $500,000
Working capital required = $100,000
Annual net cash receipts = $120,000
Cost to construct new roads in three years = $40,000
Salvage value of equipment in four years = $65,000
Estimated useful life of mine = 4 years
Working capital released in four years = $100,000
Required rate of return = 20%
Cash Flows PV factor Present Value
Cost of new equipment and timbers $500,000 1 -$500,000
Working capital required 100,000 1 -100,000
Annual net cash receipts 120,000 2.589 310,680
Cost to construct new roads in 3 years 40,000 0.579 -23,160
Salvage value of equipment in 4 years 65,000 0.482 31,330
Working capital released in 4 years 100,000 0.482 48,200
Net present value ($232,950)
The best definition of a financial restatement is:________.
a. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information that was previously reported
b. An adjustment of financial information due to an error correction
c. A company, either voluntarily or under prompting by its auditors or regulators, revises its public financial information for the current period
d. All are part of the definition
Answers
On January 2, 2021, Sanborn Tobacco Inc. bought 10% of Jackson Industry’s capital stock for $93 million. Jackson Industry’s net income for the year ended December 31, 2021, was $123 million. The fair value of the shares held by Sanborn was $104 million at December 31, 2021. During 2021, Jackson declared a dividend of $63 million. 2. Assume that Sanborn sold the stock on January 2, 2022 for $116 million. Prepare the journal entries Sanborn would use to record
Answers
Answer:
Sanborn Tobacco Inc.
Journal Entries:
1. January 2, 2021,
Debit Investment in Jackson Industry $93 million
Credit Cash $93 million
To record the purchase of 10% of Jackson Industry’s capital stock.
December 31, 2021,
Debit Investment in Jackson Industry $12.3 million
Credit Share from Net Income $12.3 million
To record the share from the net income of Jackson Industry.
December 31, 2021
Debit Investment in Jackson Industry $11 million
Credit Unrealized Gain from Investment $11 million
To record the unrealized gain on fair value of the investment.
2021,
Debit Dividends Receivable $6.3 million
Credit Investment in Jackson Industry $6.3 million
To record the dividends receivable and reverse the part of the income already recorded.
2. January 2, 2022
Debit Cash $116 million
Credit Investment in Jackson Industry $110 million
Credit Realized Gain from Investment $6
To record the gain from the sale of the investment.
Explanation:
a) Data and Analysis:
Transaction Date
January 2, 2021, Investment in Jackson Industry $93 million Cash $93 million 10% of Jackson Industry’s capital stock for .
December 31, 2021, Investment in Jackson Industry $12.3 million Share from Net Income $12.3 million
December 31, 2021 Investment in Jackson Industry $11 million Unrealized Gain from Investment $11 million
During 2021, Dividends Receivable $6.3 million Investment in Jackson Industry $6.3 million
2. January 2, 2022 Cash $116 million Investment in Jackson Industry $110 million Realized Gain from Investment $6
A bank has the following balance sheet: SETS RETURN % MILLION $ LIABILITIES COST % MILLION $ Cash 0.00 35 Fixed-rate Deposits 3.5 290 Securities 4.00 300 Variable-rate Deposits 2.00 260 Short-term loans 6.00 225 Fed funds 2.50 75 Long-term fixed rate Loans 6.75 250 Long-term Debt fixed rate 5.50 150 EQUITY 35 Total 810 Total 810 If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by ________over the year. Group of answer choices $700,000 -$1,140,000 $1,140,000 $0 -$700,000
Answers
Answer:
$1,140,000
Explanation:
Calculation to determine what the bank's NII will change by
First step is to calculate the bank's one-year repricing gap
Using this formula
Repricing gap=RSAs - RSLs
Where,
RSAs =Securities+Short-term loans
RSLs =Variable-rate Deposits+Fed funds
Let plug in the formula
($ Million)
Repricing gap=[$300 + $225] - [$260 + $75]
Repricing gap=$190
Now let calculate what the bank's NII will change by
Using this formula
Change in bank's NII=Repricing gap*Interest rates
Let plug in the formula
Change in bank's NII=$190,000,000*0.0060
Change in bank's NII =$1,140,000
Therefore If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by $1,140,000
Use the following information to determine this company's cash flows from financing activities.
a. Net income was $465,000.
b. Issued common stock for $73,000 cash.
c. Paid cash dividend of $18,000.
d. Paid $130,000 cash to settle a note payable at its $130,000 maturity value.
e. Paid $118,000 cash to acquire its treasury stock.
f. Purchased equipment for $93,000 cash.
Answers
Answer: Net cash used/ spent was $193,000
Explanation:
Cash from Financing activities involves cash transactions in relation to Equity (including dividends paid) and long term debt as these are the chief providers of cash to finance the business.
Cash from financing activities is:
= Issuance of common stock - Dividend - Settlement of Note payable - Treasury stock purchase
= 73,000 - 18,000 - 130,000 - 118,000
= -$193,000
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you have an issue that you need to discuss with someone, do you prefer to sit down and talk it out, handle it through texting or social media, or some other form of written communication? Write your response to the following questions in a 5-7 sentence paragraph below (Please help asap)
Answers
In response to the 2008 recession, the United States Federal Reserve enacted Quantitative Easing 1 and 2. The main purpose of these two rounds of quantitative easing was to increase the U.S. money supply. Suppose quantitative easing succeeded in increasing the U.S. monetary supply. How, if at all, should quantitative easing change the following variables? Use the neoclassical aggregate demandâ€"aggregate supply model.
A. U.S. interest rates
B. U.S. exchange rate, in units of foreign currency per U.S. dollar
C. U.S. exports
D. U.S. imports
E. U.S. price level
F. U.S. nominal output
Answers
Answer:
A. U.S. interest rates - Quantitative easing lowers interest rates because it increases the money supply, making investment cheaper because more loanable funds are available.
B. U.S. exchange rate, in units of foreign currency per U.S. dollar - quantitative easing would lower the value of the U.S. dollar in terms of foreign currency like Euro or Sterling Pound, due to a higher amount of U.S. dollars units, causing the currency to depreciate against the other currencies.
C. U.S. exports - U.S. exports under quantitative easing would rise due to the lower value of the U.S. dollar. In other words, American goods become cheaper to foreign consumers.
D. U.S. imports - U.S. imports under quantitative easing would decrease because foreign currency becomes more expensive. In other worlds, foreign goods become more costly to American consumers.
E. U.S. price level - Under a quantity theory of money view, more money supply means higher price level or inflation. However, if the economy is in recession, and the quantitative easing is backed by debt securities, the price level is not likely to rise by a lot. This is actually what happened in the U.S. during the recession: the money supply grew by a wide margin, but the price level did not rise nearly as much.
F. U.S. nominal output - Nominal output under quantitative easing will rise because more money in the economy will lower interest rates, boost investment, and raise production in the process.
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.
Standard Quantity Standard Price or Rate Standard Cost
Direct material 6.00 pounds $1.10 per pound $6.60
Direct labor 0.30 hour $6.00 per hour 1.80
Total $8.40
During June, Orion purchased 227,000 pounds of direct material at a total cost of $274,670. The total wages for June were $72,576, 75 percent of which were for direct labor. Orion manufactured 36,000 dartboards during June, using 205,200 pounds of the direct material purchased in June and 11,520 direct-labor hours.
Required:
Compute the following variances for June.
Direct-material price variance ___________ ___________
Direct-material quantity variance ___________ ___________
Direct-material purchase price variance ___________ ___________
Direct-labor rate variance ___________ ___________
Direct-labor efficiency variance ___________ ___________
Answers
Answer:
Orion Corporation
Direct material price variance = $22,572 unfavorable
Direct material quantity variance = $71,280 favorable
Direct- labor rate variance = $14,688 favorable
Direct-labor efficiency variance = $1,296 unfavourable
Explanation:
a) Data and Calculations:
Standard Standard Price Standard
Quantity or Rate Cost
Direct material 6.00 pounds $1.10 per pound $6.60
Direct labor 0.30 hour $6.00 per hour 1.80
Total $8.40
Purchase of 227,000 pounds of direct materials = $274,670
Unit price per pound = $1.21
Total wages for June = $72,576
Direct labor costs = $54,432 ($72,576 * 75%)
Direct labor hours = 11,520
Direct labor rate = $4.725 ($54,432/11,520)
Indirect labor costs = $18,144
Number of dart boards manufactured = 36,000
Direct materials used = 205,200
Usage per unit of dart board = 5.7 (205,200/36,000)
Direct material price variance = (Standard price - Actual price) * Actual materials used
= ($1.10 - $1.21) * 205,200
= $22,572 unfavorable
Direct material quantity variance = (Standard quantity - Actual quantity) * Standard rate
= (216,000 - 205,200) * $6.60
= $71,280 favorable
Direct- labor rate variance = (Standard rate - Actual rate) * Actual direct-labor hours
= ($6.00 - $4.725) * 11,520
= $14,688 favorable
Direct-labor efficiency variance = (Standard hours - Actual hours) * Rate
= (10,800 - 11,520) * $1.80
= $1,296 unfavourable
Bramble, Inc. buys 1,000 computer game CDs from a distributor who is discontinuing those games. The purchase price for the lot is $11,500. Bramble will group the CDs into three price categories for resale, as indicated below.
Group No. of CDs Price per CD
1 100 $5
2 800 10
3 100 15
Determine the cost per CD for each group, using the relative sales value method.
Answers
Answer:
determine the cost per CD for each group using tsv method
A company has provided the following data from its activity-based costing system related to fixed manufacturing overhead: Activity cost pool Total cost Practical capacity of activity Assembly $65,000 55,000 machine hours Processing $76,000 2,500 orders Inspection $55,000 2,200 inspection hours The company makes 40 units of Product X a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $45 per unit and its direct labor cost is $35 per unit. In the most recent year, 40,000 total machine hours were actually used for the assembly activity. Under the activity-based costing system, the total cost of "unused capacity" related to the assembly activity for the most recent year is closest to: Group of answer choices $15,000.00 $18,980.34 $16,543.49 $17,727.27 $24,375.00
Answers
Answer:
Under the activity-based costing system, the total cost of "unused capacity" related to the assembly activity for the most recent year is closest to:
$17,727.27.
Explanation:
a) Data and Calculations:
Activity cost pool Total cost Practical capacity ABC rates
of activity
Assembly $65,000 55,000 machine hours $1.182 /mh
Processing $76,000 2,500 orders $30.40 / order
Inspection $55,000 2,200 inspections $25.00 / inspection
Product X
Number of units made = 40
Machine hours required = 690
Processing orders = 40 orders
Inspection hours = 10 hours
Direct material cost per unit = $45
Direct labor cost per unit = 35
Most recent actual machine hours = 40,000 hours
Unused capacity = 15,000 (55,000 - 40,000)
Total cost of unused capacity = $17,730 (15,000 * $1.182) approx.
Three engineers have the same amount of schooling and work experience, but earn different wages. One is a computer engineer who designs and tests new computers for an annual wage of $53,000 per year. Another is a chemical engineer who works in a nuclear lab and performs experiments on radioactive materials for an annual wage of $74,000 per year. The third is a civil engineer who performs daily inspections of cables on a suspension bridge for an annual wage of $94,000 per year.
According to economists, this difference in earnings is mostly due to_______.
Answers
Answer: Compensating Differential.
Explanation:
There are jobs that we wouldn't do unless offered a higher amount of money because these jobs might be undesirable for a range of reasons such as being more dangerous than other jobs or being socially looked down upon.
This extra amount of money that we are offered to do such jobs is called the Compensating differential. It is paid to entice people to do jobs they would otherwise not want to do. The civil engineer making such huge amounts of money is being paid that amount because of the danger involved in inspecting cables on suspension bridges.
The rest are also being paid according to the risk they are incurring.
Thailand has a comparative advantage in rice and an absolute advantage in cell phones Indonesia has a comparative advantage in cell phones and an absolute advantage in rice. According to this scenario
a. Indonesia should export rice and import cell phones
b. Indonesia should export both cell phones and rice
c. Thailand should import both cell phones and rice
d. Thailand should export rice and import cell phones
Answers
Answer:
d. Thailand should export rice and import cell phones
Explanation:
Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.
To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.
The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.
The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.