Work-in-process value
Homework Answers
WIP = Flow rate * Cycle Time
Initial WIP = (1 per hour) * 10 hours = 10
FInal WIP = (1 per hour) * 15 hours = 15
Initial WIP value = 10 * 1500 = 15000
Final WIP value =15 * 1500 = 22500
Reduction in WIP = 22500 - 15000 = 7500
For old system:
Work in process = 15 hours x $1500 = $22,500
For new system:
Work in process = 10 hours x $1500 = $15000
Work in process reduction = $22,500 - $15000 = $7500
A firm has redesigned its production process so that it now takes 9 hours for a...
A firm has redesigned its production process so that it now takes 9 hours for a unit to be made. Using the old process, it took 14 hours to make a unit. If the process makes two unit each hour on average and each unit is worth $1,500 What is the reduction in work-in-process value? Reduction in WIP
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human labor power Question 10 M-C Pick anopression to complete the
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A firm has redesigned its production process so that it now takes 9 hours for a unit to be made. Using the old process, it took 14 hours to make a unit. If the process makes two unit each hour on average and each unit is worth $1,500 What is the reduction in work-in-process value? Reduction in WIP
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wing costs have been HEN AEN has a single production process, for which the following coste estimated for the period ending 31st December Year 7: GH¢ Material receipt and inspection costs 31,200 Power costs 39,000 Material handling costs 27,300 HEN makes three products - X, Y and Z. These products are made by group of employees, using power drills. The employees are paid GH¢8 The following budgeted information has been obtained for the period endir December Year 7: ade by...
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Money spent to improve one's Any item value Money spent to
make more money Money future use Question 9 As capitairesresents
value and therefore represents Fick phrase to the blank so the
resulting sentence becomes a true statement wealth private property
human labor power Question 10 M-C Pick anopression to complete the
above formula 56 that it becomes the simple formula M M AM
DQuestion 11 A person paid 100 a and produces or services worth
$120...
A process/department (using process costing) has competed all units from the beginning work-in-process and units started. Both the weighted average and FIFO method will result in the same amount for: A cost of compete units Os equivalent units of production for materials Ocequivalent units of production for materials (if beginning work-in-process is 100% as to materials) D.cost per equivalent unit for conversion (if beginning work-in-process is 100% as to conversion)
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