Homework Answers
Manufacturing cycle efficiency = Processing time / (Processing time + Moving time + Storing time + Inspection time)
Manufacturing cycle efficiency = 3.10 / (3.10 + 4.65 + 0.85 + 0.80)
Manufacturing cycle efficiency = 32.98%
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Bell & Porter has the following average times (in hours): 0.80 3.10 0.85 4.65 Inspecting product...
camp manufacturing turns over its inventory 5 times each year, has an average payment period of 35 days, and has an ave...
camp manufacturing turns over its inventory 5 times each year, has an average payment period of 35 days, and has an average collection period of 60 days. the firm has an annual sales are $3.5 million. and cost of good sold of $2.4 million a. Calculate the firms operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the avarage age of its inventory from 73...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contai...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
EYK10-1. Business Decision Case Porter Corporation has just hired Bill Harlow as its new controller. Al-...
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A manufacturing company that has only one product has established the following standards for its variable...
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Newton Manufacturing has 36,000 labor hours available for producing M and N. Consider the following information:...
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Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.10
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.90 pounds. Materials cost $2
per pound, but Stefani always takes the 4.00% cash discount all of
its suppliers offer. Freight costs average $0.45 per pound.
Direct labor. Each unit requires 1.30 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.10
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.90 pounds. Materials cost $4
per pound, but Stefani always takes the 1.00% cash discount all of
its suppliers offer. Freight costs average $0.25 per pound.
Direct labor. Each unit requires 2.10 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.90 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.10 pounds. Materials cost $2 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 2.60 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
EYK10-1. Business Decision Case Porter Corporation has just hired Bill Harlow as its new controller. Al- though Harlow has had little formal accounting training, he professes to be highly experienced, having learned accounting the hard way" in the field. At the end of his first month's work, Harlow prepared the following performance report: PORTER CORPORATION Performance Report for the Month of June, 2018 Total Actual Costs Total Budgeted Costs Variances Direct materials. ..... Direct labor......... Variable overhead .. Fixed overhead........
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.10
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.90 pounds. Materials cost $2
per pound, but Stefani always takes the 4.00% cash discount all of
its suppliers offer. Freight costs average $0.45 per pound.
Direct labor. Each unit requires 1.30 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly...
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.10
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.90 pounds. Materials cost $4
per pound, but Stefani always takes the 1.00% cash discount all of
its suppliers offer. Freight costs average $0.25 per pound.
Direct labor. Each unit requires 2.10 hours of labor.
Setup, cleanup, and downtime average 0.20 hours per unit. The
average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.90 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.10 pounds. Materials cost $2 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 2.60 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly...
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