A manufacturing process costs RM6,500 to set up for one year’s use. If items cost RM85...
A manufacturing process costs RM6,500 to set up for one year’s use. If items cost RM85 each to produce and other costs amount to 3.5x^2, where x is the production in hundreds, find the level of production that will minimise the cost per item over the year. What will the total cost amount to at this level of production ?
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A manufacturing process costs RM6,500 to set up for
one year’s use. If items cost RM85...
A company needs 50,000 items during a year. It costs $1000 to set up each production...
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
Fixed Cost Analysis In deciding whether to set up a new manufacturing plant, company analysts have...
Fixed Cost Analysis In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost Clx) in dollars to produce x items. They estimate the cost to produce 1,000 items/day as $54,746, and the cost to produce 5,000 items/day as $73,717. Find the foxed cost of production (Round to two decimal places)
It costs $4201 to produce 1295 items and it costs $4241 to produce 1305 items. What...
It costs $4201 to produce 1295 items and it costs $4241 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer. The marginal cost is approximately $ per item
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up...
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up costs and the other for advertising, Zany Brainy allocates set up costs to the two lamps based on setup labour-hours and advertising costs based on the direct manufacturing labour-hours. Under ABC system, determine total product cost per unit of each of the company's two products. (25 marks) Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of...
Set up Follow the same process that you followed before when you set up the Build...
Set up Follow the same process that you followed before when you set up the Build a Simple Website assignment - except for this time we'll create the website in a "week2" folder with the typical files: index.html css/styles.css js/scripts.js This is the standard structure that we'll use in all assignments. The Problem We are going to convert the exercise that we did in class yesterday into a website. Here is the problem that we'll solve: "Youie buys 3 items...
4. Dream Weavers manufactures wool-mix carpets. The cost of setting up the production process for a...
4. Dream Weavers manufactures wool-mix carpets. The cost of setting up the production process for a production run is $800. The annual demand is estimated to be 28,000 yards of carpet. The annual carrying cost is S5 per yard. The manufacturing facility operates 350 days per year and produces 400 yards of carpet per day a. Find the optimal production run quantity for Dream Weavers. b. Find the minimum total inventory cost per year. c. Find the optimal length of...
Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum,...
Pittsburgh Aluminum Company uses a process cost system to record
the costs of manufacturing rolled aluminum, which consists of the
smelting and rolling processes. Materials are entered from smelting
at the beginning of the rolling process. The inventory of Work in
Process—Rolling on September 1 and debits to the account during
September were as follows:
Bal., 800 units, 30% completed:
Direct materials (800 x $ 3.8)
$ 3,040
Conversion (800 x 30% x $1.6)
384
$ 3,424
From Smelting Department,...
PLEASE DO BY HAND! DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up th...
PLEASE DO BY HAND!
DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up the manufacturing process, and the carrying cost is about 70 cents per unit per year. When the production process has been set up, 120 lawnmowers units can be made daily. The demand during the production period is approximately 60 units per day. The company operates its...
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs...
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs $4465 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer The marginal cost is approximately 5 per item Click if you would like to Show Work for this questions Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing...
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
A company needs 50,000 items during a year. It costs $1000 to set up each production run and each item costs $22 to produce. It also costs $4 per year to store an item. a. 2 pts If x items are in each production run, how many production runs are needed each year? b. 4 pts What is the total cost of production if x items? c. 2 pts Using the inventory control cost model, what is the total cost...
Fixed Cost Analysis In deciding whether to set up a new manufacturing plant, company analysts have decided that a linear function is a reasonable estimation for the total cost Clx) in dollars to produce x items. They estimate the cost to produce 1,000 items/day as $54,746, and the cost to produce 5,000 items/day as $73,717. Find the foxed cost of production (Round to two decimal places)
It costs $4201 to produce 1295 items and it costs $4241 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer. The marginal cost is approximately $ per item
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up costs and the other for advertising, Zany Brainy allocates set up costs to the two lamps based on setup labour-hours and advertising costs based on the direct manufacturing labour-hours. Under ABC system, determine total product cost per unit of each of the company's two products. (25 marks) Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of...
4. Dream Weavers manufactures wool-mix carpets. The cost of setting up the production process for a production run is $800. The annual demand is estimated to be 28,000 yards of carpet. The annual carrying cost is S5 per yard. The manufacturing facility operates 350 days per year and produces 400 yards of carpet per day a. Find the optimal production run quantity for Dream Weavers. b. Find the minimum total inventory cost per year. c. Find the optimal length of...
Pittsburgh Aluminum Company uses a process cost system to record
the costs of manufacturing rolled aluminum, which consists of the
smelting and rolling processes. Materials are entered from smelting
at the beginning of the rolling process. The inventory of Work in
Process—Rolling on September 1 and debits to the account during
September were as follows:
Bal., 800 units, 30% completed:
Direct materials (800 x $ 3.8)
$ 3,040
Conversion (800 x 30% x $1.6)
384
$ 3,424
From Smelting Department,...
PLEASE DO BY HAND!
DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up the manufacturing process, and the carrying cost is about 70 cents per unit per year. When the production process has been set up, 120 lawnmowers units can be made daily. The demand during the production period is approximately 60 units per day. The company operates its...
Chapter 2, Section 2.5, Question 001 It costs $4425 to produce 1295 items and it costs $4465 to produce 1305 items. What is the approximate marginal cost at a production level of 1300 items? Enter the exact answer The marginal cost is approximately 5 per item Click if you would like to Show Work for this questions Open Show Work Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER
Exercise 2-37 Assigning Costs to a Cost Object, Direct and Indirect Costs Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell pro- duces small motors for lawn mowers. Suppose that the motor manufacturing cell is the cost object. Assume that all or a portion of the following costs must be assigned to the cell. a. Salary of cell supervisor b. Power to heat...
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