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Vika [28.1K]
3 years ago
7

Navern Corporation manufactures and sells custom home elevators. From the time an order is placed until the time the elevator is

installed in the customer’s home averages 43 days. This 43 days is spent as follows: Wait time 8 days Inspection time 4 days Process time 14 days Move time 14 days Queue time 3 days What is Navern's manufacturing cycle efficiency (MCE) for its elevators?
Business
1 answer:
Sonbull [250]3 years ago
7 0

Answer:

Cycle efficiency will be 32.55 %

Explanation:

We have given wait time = 8 days

inspection time = 4 days

Process time = 14 days

Move time = 14 days

And queue time = 3 days

So total time = 8+4+14+14+3 = 43 days

We have to find the cycle efficiency

We know that cycle efficiency is given by

Cycle efficiency =\frac{Process\ time}{total\ time}=\frac{14}{43}=0.3255=32.55 %

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produces sports socks. The company has fixed expenses of $ 75 comma 000$75,000 and variable expenses of $ 0.75$0.75 per package.
8090 [49]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $1.5

Unitary variable cost= $0.75

Fi<u>rst, we need to calculate the unitary contribution margin:</u>

<u></u>

Contribution margin= selling price - unitary variable cost

Contribution margin= 1.5 - 0.75

Contribution margin= $0.75

<u>Now, we can calculate the contribution margin ratio:</u>

contribution margin ratio= contribution margin/selling price

contribution margin ratio= 0.75/1.5

contribution margin ratio= 0.5

7 0
3 years ago
Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 a
Levart [38]

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail  = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Download xlsx
5 0
3 years ago
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp
nordsb [41]

Answer:

Gibbs Corporation

1) Fixed cost per unit

= $810

2) ROI per unit

= $4,277

3) Markup percentage = Total cost per unit

= 252-927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup

= $5,960

Explanation:

a) Data and Calculations:

                                                                        Per Unit         Total

Direct materials                                                  $410

Direct labor                                                        $340

Variable manufacturing overhead                    $ 75

Fixed manufacturing overhead                                     $1,708,000

Variable selling and administrative expenses $ 56

Fixed selling and administrative expenses                  $ 560,000

Total variable and fixed costs                          $881   $2,268,000

ROI = 22% = $11,974,600 ($54,430,000 * 22%)

Invested assets = $54,430,000

Estimated annual production units = 2,800

1) Fixed cost per unit = $810 ($2,268,000/2,800)

2) ROI per unit = $4,277 ($11,974,600/2,800)

3) Markup percentage = Total cost per unit = $4,277/$1,691 * 100 = 252.927%

3b) Target selling price, using absorption costing

= Total cost per unit plus Markup = $5,960 ($1,691 + $4,277)

8 0
3 years ago
The _____ view argues that international production should be distributed among countries according to the theory of comparative
vampirchik [111]

The Free Market View.

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3 years ago
​after compiling a list of potential customers, a salesperson must
Yuki888 [10]
Assit the new potential customers and discuss more
3 0
3 years ago
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