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Korolek [52]
3 years ago
10

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company

is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Compute the new throughput time and MCE.

Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

Explanation:

The complete question:

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Month

1 2 3 4

Throughput time (days) ? ? ? ?

Delivery cycle time (days) ? ? ? ?

Manufacturing cycle efficiency (MCE) ? ? ? ?

Percentage of on-time deliveries 78 % 73 % 70 % 67 %

Total sales (units) 2330 2230 2116 2036

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Average per Month (in days)

1 2 3 4

Move time per unit 0.8 0.4 0.5 0.5

Process time per unit 3.4 3.2 3.0 2.8

Wait time per order before start of production 23.0 25.2 30.0 32.3

Queue time per unit 4.3 5.1 6.0 7.0

Inspection time per unit 0.6 0.9 0.9 0.6

Answer:

1. Compute the new throughput time.

2. MCE?

The answer has been attached as documents, please check through.

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Joni wants to know how much a pedicure cost back in 1954, when her grandmother was her age. The Consumer Price Index (CPI) in 19
ohaa [14]

Answer:

The price of pedicure in 1954 = $4.89

Explanation:

The price of pedicure in 1954 = (CPI in 1954 ÷ CPI this year) × Price today = (26.7/245.9) * $45 = $4.89

Therefore, a pedicure cost $4.89 back in 1954.

4 0
3 years ago
Following is information about consulting jobs for a company that is increasing in sales, but has not yet become profitable. The
polet [3.4K]

Answer:

Part 1

$82 per professional labor hour

Part 2

Job 141 = $16,383  ,Job 142 = $32,766 , and Job 143 = $17,399

Part 3

Cost of Goods Sold = $49,149

Ending Work In Process Inventory = $17,399

Part 4

Overheads Under- applied = $10,480

Part 5

$102.00 per professional labor hour

Explanation:

Labor Cost per hour = Total Cost ÷ Total hours

                                  = $23,580 ÷ ( 129 + 258 + 137)

                                  = $45.00 per hour

<em>We know that,</em>

Overhead allocation rate = Estimated Overhead Costs ÷ Estimated Professional labor hours

<em>But using Job 141 we can solve as,</em>

Total for Job  141                                         = $32,766

<em>Less </em>Labor Cost (258 hours × $45.00)       =  $11,610

Overheads allocated to Job 141                 = $21,156

<em>Then,</em>

Overhead allocation rate =  $21,156 ÷ 258

                                          = $82 per professional labor hour

<u>Total Costs</u>

                                          Job 140         Job 141            Job 142

Direct Labor                        $5,805         $11,610              $6,165

Overheads                         $10,578         $21,156            $11,234

Total Cost                           $16,383       $32,766           $17,399

<u>Cost of Goods Sold</u>

Note : Only Finished Jobs are accounted in this figure

Total Cost of Job 140      $16,383

Total Cost of Job 141       $32,766

Cost of Goods Sold         $49,149

<u>Work In Process Inventory</u>

Note : Only Incomplete Jobs are accounted in this figure

Total Cost of Job 142       $17,399

<u>Application of Overheads</u>

Actual Overheads (given)                                  = $53,448

Applied Overheads ($82 ×  ( 129 + 258 + 137)) = $42,968

Actual Overheads > Applied Overheads therefore we have an Under-applied situation.

Overheads Under- applied = $10,480 ($53,448 - $42,968)

<u>Reasonable Overhead Rate.</u>

Rate that does not produce variances is reasonable !

Reasonable Overhead Rate. = Actual Overheads ÷ Total Professional Hours

                                                = $53,448 ÷ 524 hours

                                                = $102.00 per professional labor hour

3 0
3 years ago
On January 1, 2021, the company obtained a $3 million loan with a 14% interest rate. The building was completed on September 30,
Svet_ta [14]

Answer:

1. Calculate the amount of interest that Mason should capitalize in 2021 and 2022 using the weighted-average method.

interest capitalized in 2021 = $166,189

interest capitalized in 2022 = $77,956

2. What is the total cost of the building?

total construction costs ($6,375,000) + capitalized interests ($244,145) = $6,619,145

3. Calculate the amount of interest expense that will appear in the 2021 and 2022 income statements.

interest expense 2021 = $1,148,000 - $166,189 = $981,811

interest expense 2022 = $1,148,000 - $77,956 = $1,070,044

Explanation:

a 14%, $3,000,000 loan obtained on January 1, 2021

building was completed on September 30,2022

January 1, 2021: $1,050,000 x 12/12 = $1,050,000

March 1, 2021: $870,000 x 10/12 = $725,000

June 30, 2021: $390,000 x 6/12 = $195,000

October 1, 2021: $690,000 x 3/12 = $172,500

total weighted average expense 2021 = $2,142,500

weighted average interest rate:

$3,000,000 x 14% = $420,000

$4,900,000 x 5% = $245,000

$6,900,000 x 7% = $483,000

average interest rate = $1,148,000 / $14,800,000 = 7.7568%

interest capitalized in 2021 = $2,142,500 x 7.7568% = $166,189

January 31, 2022: $675,000 x 8/9 = $600,000

April 30, 2022: $990,000 x 5/9 = $550,000

August 31, 2022: $1,710,000 x 1/9 = $190,000

total weighted average expense 2021 = $1,340,000

weighted average interest rate:

$3,000,000 x 14% = $420,000

$4,900,000 x 5% = $245,000

$6,900,000 x 7% = $483,000

average interest rate = $1,148,000 / $14,800,000 = 7.7568%

interest capitalized in 2022 = $1,340,000 x 7.7568% x 9/12 = $77,956

4 0
3 years ago
Which of the following involves trading partial ownership interests for capital?
siniylev [52]

The answer is: A. Equity financing


In most cases, companies choose to do this if they want to expand their operation.

Corporations  do this by selling the shares of their company to the public or a select group of investors. When the partial ownership is traded with capital, the corporations would have an obligation to share their profit to the shareholders in the form of dividend.

6 0
4 years ago
Read 2 more answers
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