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Chapter 15, Section 15.3, Question 037 A company manufactures x units of one item and y...
(1 point) A company manufactures x units of one item and y units of another. The...
(1 point) A company manufactures x units of one item and y units of another. The total cost in dollars, C, of producing these two items is approximated by the function C = 3x² + 2xy + 2y2 + 500. (a) If the production quota for the total number of items (both types combined) is 30, find the minimum production cost. cost = (b) Estimate the additional production cost or savings if the production quota is raised to 31 or...
(1 point) A company manufactures x units of one item and y units of another. The...
(1 point) A company manufactures x units of one item and y units of another. The total cost C in dollars of producing these two items is approximated by the function C = 7x2 + 4xy + 5y2 + 800. (a) If the production quota for the total number of items (both types combined) is 88, find the minimum production cost. cost = (b) Estimate the additional production cost if the production quota is raised to 89. Hint: The answer...
QUESTION 1 At current production volume of 10 units, Gamma Company has total variable costs of...
QUESTION 1 At current production volume of 10 units, Gamma Company has total variable costs of $300 and total fixed costs of $280. If production is expected to drop to 8 units in the next period, what is the total cost projected for the next period? A 5520 B. $240 C.5580 D. $464 QUESTION 2 Alpha Company has a selling price of $30, unit variable cost of $10, and sales volume of 300 units. Fixed costs total $1,000. Alpha believes...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows: Standard wage per hour $13.8 Standard labor time per unit 15 min. Standard number of lbs. of brass 1.2 lbs. Standard price per lb. of brass $10 Actual price per lb. of brass $10.25 Actual...
y en Units and Related costs: Cost of Production Report; Entries Dover Chemical Company manufactures specialty ch...
y en Units and Related costs: Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Dist emerging as finished chemicals. The balance in the account Work in Process-Filing was as follows on Januar Work in Process --Filling Department (3,000 units, 40% completed): Direct materials (3,000 x $14.90) $44,700 Conversion (3,000 x 40% x $9.70) The following costs were charged to work in...
Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass....
Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 60 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $17.4 Standard labor time per unit 20 min. Standard number of lbs. of brass 1.9 lbs. Standard price per lb. of brass $9.25 Actual price per lb. of brass $9.5 Actual lbs. of brass used during the week...
Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass....
Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: Standard wage per hour $10.8 Standard labor time per unit 10 min. Standard number of lbs. of brass 1.8 lbs. Standard price per lb. of brass $12.75 Actual price per lb. of brass $13 Actual lbs. of brass used during the week...
QUESTION 30 The total output from a production system in one day is 500 units and...
QUESTION 30 The total output from a production system in one day is 500 units and the total labor necessary to produce these 500 units is 250 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity? a. 1.000 b. 1.428 c. 0.700 d. 0.411 e. None of these. QUESTION 31 The basic EOQ model includes a. annual holding and shortage costs. b. annual ordering and holding costs. c. annual stockout and ordering costs. d....
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 40 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15.6 Standard labor time per unit 20 min. Standard number of lbs. of brass 2 lbs. Standard price per lb. of brass $10 Actual price per lb. of brass $10.25 Actual...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: $16.2 Standard wage per hour Standard labor time per unit Standard number of lbs. of brass 10 min. 2.1 lbs. $12 Standard price per lb. of brass Actual price per lb. of brass Actual lbs....
(1 point) A company manufactures x units of one item and y units of another. The total cost in dollars, C, of producing these two items is approximated by the function C = 3x² + 2xy + 2y2 + 500. (a) If the production quota for the total number of items (both types combined) is 30, find the minimum production cost. cost = (b) Estimate the additional production cost or savings if the production quota is raised to 31 or...
(1 point) A company manufactures x units of one item and y units of another. The total cost C in dollars of producing these two items is approximated by the function C = 7x2 + 4xy + 5y2 + 800. (a) If the production quota for the total number of items (both types combined) is 88, find the minimum production cost. cost = (b) Estimate the additional production cost if the production quota is raised to 89. Hint: The answer...
QUESTION 1 At current production volume of 10 units, Gamma Company has total variable costs of $300 and total fixed costs of $280. If production is expected to drop to 8 units in the next period, what is the total cost projected for the next period? A 5520 B. $240 C.5580 D. $464 QUESTION 2 Alpha Company has a selling price of $30, unit variable cost of $10, and sales volume of 300 units. Fixed costs total $1,000. Alpha believes...
y en Units and Related costs: Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Dist emerging as finished chemicals. The balance in the account Work in Process-Filing was as follows on Januar Work in Process --Filling Department (3,000 units, 40% completed): Direct materials (3,000 x $14.90) $44,700 Conversion (3,000 x 40% x $9.70) The following costs were charged to work in...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: $16.2 Standard wage per hour Standard labor time per unit Standard number of lbs. of brass 10 min. 2.1 lbs. $12 Standard price per lb. of brass Actual price per lb. of brass Actual lbs....
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