Answer: c. 12 minutes
Value added time is the amount of time it takes to actually produce and improve a product. In the case of Sarasota company who manufactures pillows, value added time is the production time which is 4 minutes in cutting and 8 minutes in the assembly, total of 12 minutes.
Answer:
A. Cash basis $5,750
Accrual basis $11,400
B. Accrual basis
Explanation:
A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting
Cash basis Accrual basis
Service revenue
$21,900 $30,000
Less Operating expenses
$12,880 $18,600
Less Insurance expenses $3,270 $0
Net income $5,750 $11,400
B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.
<span>Canada's GDP does not indicate that Canadians have the eleventh-best standard of living. A nation's per capita GDP is a better standard-of-living indicator, because it measures average income. Using this measure, it looks like Canada has a better standard of
living than all but one other nation.
</span>
<span>GDP per capita is the PPP value of all final goods and services produced within a country in a given year divided by the average population. </span>
Given Information:
P = $14,500
r = 8 %
Period = 12 years
Required Information:
Equivalent annual cost = ?
Answer:
Equivalent annual cost = $1,924
Explanation:
The equivalent annual cost EAC is often used to compare assets which have unequal useful life spans in order to make more cost effective decisions.
The equivalent annual cost can be found by using the following equation:
Equivalent annual cost = Present value*r / 1 - (1 + r)⁻ⁿ
Equivalent annual cost = 14,500*0.08/1 - (1+0.08)⁻¹²
Equivalent annual cost = $1,924
Answer:
Explanation:
From the information given:
The number of portion size that can be gotten from one pound = 16/12
= 1.33
Given that the yield is 85%, therefore, the actual portions can now be:
= 1.33 × 0.85
= 1.133
However, the average meat used = Purchase + opening inventory - ending inventory
the average meat used = 200 + 100 - 110 = 190
The number of orders from 190 lbs = 1.133 × 190 = 215.27
The number of orders from 190 lbs = 215.27
The real purchases = 200
Thus; variance = 200 - 215.27
variance = -15.27
Thus, approximately 15 orders are found to be lesser.
