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2 A painting operation is performed by a production worker at a labor cost ofS1 40...
Assume labor and machines are used in the production of an output. The marginal product of the last worker h...
Assume labor and machines are used in the production of an output. The marginal product of the last worker hired was 175 units a day and the marginal product of the last machine employed was 850 units a day. The wage to hire a worker for a day is $100 while the cost to employ the machine for a day was $400. Assuming perfect competition what would you recommend the firm do to become more efficient?
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago,...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
In the first year of operation, Ajax manufacturing incurred direct labor cost (variable cost) of $80,000...
In the first year of operation, Ajax manufacturing incurred direct labor cost (variable cost) of $80,000 and produced 10,000 units. In year 2 they expect to produce 12,000 units with no change in cost structure. Their expected direct labor cost per unit would be? Multiple Choice $12 $8 $5.33 $6.67
direct labor and unit product cost. Check my work High Desert Potteryworks makes a variety of...
direct labor and unit product cost.
Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor hours. At the beginning of the year, the company provided the...
Question 7 rding to the production function: uses labor and machines to produce output according to...
Question 7 rding to the production function: uses labor and machines to produce output according to the where Lis ALK) = 41/212, ere is the number of units of labor used and K is the amount of capita or is $40 per unit and the cost of employing capital is $10 per unit. mount of capital employed. The cost (0): On the graph below, draw an isocost line for this firm that includes combin capital and labor that cost $400...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago,...
For many years, Thomson Company manufactured a single product
called LEC 40. Then three years ago, the company automated a
portion of its plant and at the same time introduced a second
product called LEC 90 that has become increasingly popular. The LEC
90 is a more complex product, requiring 0.60 hours of direct labor
time per unit to manufacture and extensive machining in the
automated portion of the plant. The LEC 40 requires only 0.20 hours
of direct labor...
The Homer Corporation produces two products, and reports the following production and cost information for the...
The Homer Corporation produces two products, and reports the following production and cost information for the most recent accounting period Product A Product B Number of units produced 15,e80 units 2,500 units Direct labor $25 per direct labor hour (DLH) Direct materials cost 0.50 DLH per unit $ 2 per unit 2.00 DLH per unit $ 30 per unit Activity Driver Overhead costs Machine setup Quality inspections Total Total Cost $ 3,000. etups Product A 5 setups Product B 20...
The washing machine plant is interested in determining work force and production levels for the next...
The washing machine plant is interested in determining work force and production levels for the next 8 months. Forecasted demands for Jan‐Aug. are: 420, 280, 460, 190, 310, 145, 110, 125. Starting inventory at the end of December is 200. The firm would like to have 100 units on hand at the end of August. Suppose we are told that over a period of 40 days, the plant had 38 workers who produced 520 units. Assume we are given the following number of working...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago,...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
Urban Company reports the following information regarding its production cost: Units produced 25,000 units Direct labor...
Urban Company reports the following information regarding its production cost: Units produced 25,000 units Direct labor $ 18 per unit Direct materials $ 23 per unit Variable overhead $ 11 per unit Fixed overhead $ 115,000 in total Compute production cost per unit under variable costing.
In the first year of operation, Ajax manufacturing incurred direct labor cost (variable cost) of $80,000 and produced 10,000 units. In year 2 they expect to produce 12,000 units with no change in cost structure. Their expected direct labor cost per unit would be? Multiple Choice $12 $8 $5.33 $6.67
direct labor and unit product cost.
Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor hours. At the beginning of the year, the company provided the...
Question 7 rding to the production function: uses labor and machines to produce output according to the where Lis ALK) = 41/212, ere is the number of units of labor used and K is the amount of capita or is $40 per unit and the cost of employing capital is $10 per unit. mount of capital employed. The cost (0): On the graph below, draw an isocost line for this firm that includes combin capital and labor that cost $400...
For many years, Thomson Company manufactured a single product
called LEC 40. Then three years ago, the company automated a
portion of its plant and at the same time introduced a second
product called LEC 90 that has become increasingly popular. The LEC
90 is a more complex product, requiring 0.60 hours of direct labor
time per unit to manufacture and extensive machining in the
automated portion of the plant. The LEC 40 requires only 0.20 hours
of direct labor...
The Homer Corporation produces two products, and reports the following production and cost information for the most recent accounting period Product A Product B Number of units produced 15,e80 units 2,500 units Direct labor $25 per direct labor hour (DLH) Direct materials cost 0.50 DLH per unit $ 2 per unit 2.00 DLH per unit $ 30 per unit Activity Driver Overhead costs Machine setup Quality inspections Total Total Cost $ 3,000. etups Product A 5 setups Product B 20...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
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