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Tems11 [23]
3 years ago
14

Suppose from the first step of candy bar manufacture (formation of nougat) to the final step (packaging) each candy bar spends e

xactly 1.25 hours in the process. The company is producing just enough to meet their demand of 20,000 candy bars per hour. How many candy bars are in process, on average? (just enter a number with no punctuation or anything else in your answer, not even commas for large numbers)
Business
1 answer:
noname [10]3 years ago
4 0

Answer:

25,000

Explanation:

Given that,

Time taken from first step to final step, cycle time = 1.25 hours

Demand for candy bars = 20,000

Throughput time = 20,000 candy bars per hour

Candies in process is work in progress:

= cycle time × Throughput time

= 1.25 hours × 20,000 candy bars per hour

= 25,000

Therefore,

25,000 candy bars are in process, on average.

You might be interested in
Aicpa auditing standards address the confirmation of accounts receivable for private company audits. what are the circumstances
alina1380 [7]

Answer:

Confirmation of accounts receivables is not required when the account information is immaterial.

An account is said to have immaterial information when the account doesn't reflect any important or relevant information that can affect the opinions or decisions of shareholders, potential investors or creditors of the company.

The auditors have the responsibility of deciding what information is relevant and important and what is immaterial

4 0
2 years ago
Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $121,8
nikklg [1K]

Answer:

$46,430

Explanation:

Data provided in the question:

Sales = $121,800

Sales returns and allowances = 970

Sales discounts = 560

Merchandise inventory, January 1 = 34,300

Purchases during the period = 76,700

Purchases returns and allowances during the period = 3,820

Purchases discounts taken during the period = 2,460

Freight-in on merchandise purchased during the period = 1,120

Merchandise inventory, December 31 = 32,000

Now,

Net sales = Sales - Sales returns and allowances - Sales discounts

=  $121,800 - $970 - $560

= $120,270

Cost of good sold

= Opening Inventory + Net purchases + Freights - Closing Inventory

= 34,300 + ( 76,700 - 3,820 - 2,460 ) + 1,120 - 32,000

= $73,840

Therefore,

Gross profit = Net sales - Cost of good sold

= $120,270 -  $73,840

= $46,430

8 0
3 years ago
You and your new spouse each bring home $1400 each month after taxes and other payroll deductions. By living frugally, you inten
Annette [7]

Answer:

22 months

Explanation:

The 20% down payment which is target savings =$165,000*20%=$33,000

The are two paychecks which is $1,400 each

monthly savings is one paycheck=$1,400

rate of compounding is 7.83% yearly=7.83%/12=0.006525  monthly

The number of months the savings will reach $33,000 can be computed using the nper formula in excel as shown below:

=nper(rate,pmt,-pv,fv)

rate is the monthly rate i,e 0.006525

pmt is the monthly savings of $1,400

pv is the present worth of the savings which is unknown

fv is the future value of target savings which is $33,000

=nper(0.006525,-1400,0,33000)=22 months approximately

4 0
3 years ago
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $910,000 and liabilities of $300
Sindrei [870]

Answer:

$70,000

Explanation:

From the accounting equation, stockholders' equity is asset minus liabilities, as a result, we would determine stockholders' equity at the end of years 1 and 2 as shown thus:

Year 1 stokcholders' equity=$910,000-$300,000=$610,000

Year 2 stockholders' equity=$995,000-$290,000=$705,000

The closing stockholders' equity is the beginning stockholders' equity plus net income and additional invested capital minus dividends

$705,000=$610,000+net income+$60,000-$35,000

net income=$705,000-$610,000-$60,000+$35000

net income=$70,000

5 0
3 years ago
One major difference between a merchandiser’s master budget and a manufacturer’s master budget is that A : a merchandiser does n
goldfiish [28.3K]

Answer:

A

Explanation:

A merchandise prepares a budget in line with the Trading profit and loss Account, while a Manufacturer prepares a budget in line with the Manufacturing and profit and loss account.. under the Manufacturing account we have prime cost which consist of direct labor, direct material and direct expenses. then add it to Manufacturing overheads.

5 0
3 years ago
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