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fiasKO [112]
3 years ago
9

You just got hired as a quality intern for a small startup making 3D printers. Each printer uses a number of small motors and on

e of your jobs is to make sure that these motors, received from a small supplier, meet your RPM (revolutions per minute) specifications. The supplier sends you an mean chart (x-bar chart) with each batch of motors to show you that the average RPMs for each batch meets your specifications. Notwithstanding this information from the supplier, you are seeing some unexpected inconsistent performance among the motors within each batch. What should be your first step to help you and the supplier get to the bottom of this issue?
Business
1 answer:
BlackZzzverrR [31]3 years ago
5 0

You just got hired as a quality intern for a small startup making 3D printers. Each printer uses a number of small motors and one of your jobs is to make sure that these motors, received from a small supplier, meet your RPM (revolutions per minute) specifications. The supplier sends you an mean chart (x-bar chart) with each batch of motors to show you that the average RPMs for each batch meets your specifications. Notwithstanding this information from the supplier, you are seeing some unexpected inconsistent performance among the motors within each batch. What should be your first step to help you and the supplier get to the bottom of this issue?

A. Make sure the supplier's manufacturing process is capable of meeting your design specifications

B. Instruct the supplier to send you a range chart with each batch and to not send you any more mean charts

C. In addition to a mean chart, have the supplier create and send you a range chart with each batch

D. Have the supplier create and send you a p-chart with each batch so that you can understand what proportion of all motors are bad

Answer:

Option C is correct.

Explanation:

Range chart is also known as a variable control chart which the range of the subgroup is used to establish instantaneous variation and used to evaluate how stable the variability is.

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Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product a
netineya [11]

Answer:

It will remain at the same level.

Explanation:

the contribution margin will be the same.

Because under variable cost, we only focus on the variable cost to determinate the unit cost. Which doesn't change at unit level.

contribution margin = sales - variable cost.

<u>If we use absorption cost,</u> the <u>cost would decrease</u>, because the fixed cost are distribute over more units. <u>This will increase the income</u>. However this is not the case.

7 0
2 years ago
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro
Roman55 [17]

Answer:

Marcelino Co.

Journal Entries:

Debit Raw materials $500,000

Credit Accounts Payable $500,000

To record the purchase of raw materials on credit.

Debit Factory payroll $363,000

Credit Cash $363,000

To record payment for factory payroll.

Debit Work in Process:

Job 307 $135,000

Job 307 $220,000  

Job 308  $100,000

Credit Raw materials $455,000

To record direct materials used in production

Debit Work in Process:

Job 307 $42,500

Job 307 $75,000  

Job 308  $52,500

Credit Factory overhead $170,000

To record overhead applied.

Debit Factory overhead  $175,000

Credit Raw materials $50,000

          Factory payroll $23,000

          Factory rent $32,000

          Factory utilities $19,000

          Factory equipment depreciation $51,000

To record actual factory overhead costs.

Debit Finished Goods Inventory $828,500

Credit Work in Process:

Job 306 $321,500

Job 307 $507,000

To record the cost of finished goods transferred.

Debit Cost of goods sold $321,500

Credit Finished goods inventory $321,500

To record the cost of goods sold.

Debit Cash $635,000

Credit Sales Revenue $635,000

To record the receipt of cash for sales.

Debit Cost of Goods Sold $5,000

Credit Factory overhead $5,000

To record underapplied overhead.

Explanation:

a) Data and Calculations:

Raw materials inventory, March 31 = $80,000

Raw materials $500,000 Accounts Payable $500,000

Factory payroll $363,000 Cash $363,000

Overhead costs incurred in April :

Indirect materials  $50,000 Raw materials $50,000

Indirect labor $23,000 Factory payroll $23,000

Factory rent $32,000 Cash $32,000

Factory utilities $19,000 Cash $19,000

Factory equipment depreciation $51,000 Accumulated depreciation $51,000

Total overhead incurred = $175,000

Predetermined overhead rate = 50% of direct labor cost

Sale of Job 306 for cash = $635,000

                                 Job 306          Job 307          Job 308             Total

Balances on March 31

Direct materials       $29,000          $35,000                                $64,000

Direct labor                20,000             18,000                                   38,000

Applied overhead      10,000              9,000                                    19,000

Costs during April

Direct materials       135,000          220,000          $100,000    $455,000

Direct labor               85,000           150,000            105,000       340,000

Applied overhead    42,500             75,000              52,500       170,000

Total costs            $321,500        $507,000          $257,500 $1,086,000

Status on April 30 Finished (sold) Finished (unsold) In process

3 0
3 years ago
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Dvinal [7]
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5 0
3 years ago
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Why is accounting a service industry?
Y_Kistochka [10]
Hi there.

I recently learned in Social Studies that services are usually intangible services. They have value, but you cannot physically touch them.

I'm also using the process of elimination. With that, I give you my best guess:


A. Because it provides support but no tangible goods.

Hope this works out for ya!


3 0
3 years ago
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The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Monica [59]

Answer:

C. Sell a straddle

Explanation:

Considering the following calculation: Sell a straddle = sell a put + sell a call

and,

Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.

a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date

By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)

Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)

Thus the total premium income of selling a straddle is $7

7 0
3 years ago
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