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2 years ago

What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process

1 answer:

maks197457 [2]2 years ago

3 0

The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

Its means the amount of flow units such as a customers, money, goods going through the business process per unit time.

Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.

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The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for

Talja [164]

Answer:

Total cost= $752,060

Explanation:

To calculate the fixed and variable cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (853,560 - 723,060) / (540,000 - 450,000)

Variable cost per unit= $1.45

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 853,560 - (1.45*540,000)

Fixed costs= $70,560

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 723,060 - (1.45*450,000)

Fixed costs= $70,560

Now, the total cost for 470,000 units:

Total cost= 70,560 + 1.45*470,000

Total cost= $752,060

7 0

3 years ago

Scott Bestor is an accountant for Westfield Company. Early this year, Scott made a highly favorable projection of sales and prof

kozerog [31]

Answer:

Scott Bestor should confess his honest mistake.

Explanation:

Two of most important attributes that are required from an accountant are integrity and trustworthiness.

Refusing to tell the management his honest mistake in order not jeopardize his possible promotion is a short-run gain to him. But confessing his honest mistake has a long run gain as this will preserve his integrity and trustworthiness forever. In addition, it is unethical and a sign of disloyalty for an accountant not to disclose all the information relevant to the company based on his position as an account.

Therefore, Scott Bestor should confess his honest mistake rather than sacrificing his integrity and trustworthiness as well as the ethic of his profession for a short-term gain (i.e. promotion).

4 0

3 years ago

A large law firm uses an average of 40 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling cost

Drupady [299]

1. Ordering 204 boxes will minimize the sum of annual ordering and carrying costs

2. Total cost will be $6118.82

3. Yes,annual ordering and carrying costs always equal at the EOQ.

Explanation:

D = 40 boxes per for 260 days

= $40 \times 260 = 10400$ boxes

S = $60

H = $30

1. $Q = \sqrt{\frac{2DS}{H} }$

$= \sqrt{\frac{2 \times 10400 \times 60}{30} }$

= 203.96

Q = 204 boxes

2. $TC = \frac{Q \times H}{2} + \frac{D \times S}{Q}$

$= \frac{204 \times 30}{2} + \frac{10400 \times 60}{204}$

$= 3060 + 3058.82$

TC= $6118.82

7 0

3 years ago

Use the above adjusted trial balance to prepare Wilson Trucking Company’s classified balance sheet as of December 31, 2017.Cash

eimsori [14]

Answer:

.............................................. Wilson Trucking Company ......................................

................................................ Classified Balance Sheet ......................................

....................................................... December 31, 2017.........................................

Assets

Current assets

Cash .................................................... $5,900

Account receivable ............................ $27,500

Office supplies..................................... $7,590

Total current assets ............................................. $40,990

Non current assets

Land ......................................................................... $48,000

Truck ..................................................... $196,000

Less: Accumlated depreciation - Truck $(40,376) $155,624

Total Non current assets ......................................... $203,624

Total Assets ............................................................... $244,614

Liabilities

Current Liabilities

Account payable................................. $9,900

Interest payable ................................. $7,000

Total current liabilities............................................... $16,900

Long term liabilities

Long term notes payable.......................................... $63,000

Total liabilities............................................................. $79,900

Stockholder's equity

Common Stock ................................... $15,000

Retained earnings............................... $149,714

Total Stockholder's equity......................................... $164,714

Total liabilities and stockholder's equity.................. $244,614

Retained Earnings

= Opening retained earnings + Net Income - Dividends

Net Income

= Revenue - Expenses

= 126,000 (Trucking fees earned ) - 26,043 - 64,722 - 17,000 - 11,868

= $6,367

Retained earnings

= 172,347 + 6,367 - 29,000

= $149,714

8 0

4 years ago

A manufacturing company had a balance in Finished Goods inventory of $200,000 on 12/31/2011. During 2012, the company transferre

Alborosie

Answer:

the cost of goods sold during the year 2012 is $800,000

Explanation:

The computation of the cost of goods sold is shown below;

Costs of Goods Sold during 2012 is

= Transferred from Work in Process + Beginning Inventory - Ending Inventory

= $1,000,000 + $200,000 - $400,000

= $800,000

Hence, the cost of goods sold during the year 2012 is $800,000

4 0

3 years ago