In the context of sequencing, the shortest processing time rule
minimizes the average lateness of a set of jobs.
Under the shortest processing time rule, if the highest priority is to minimize the average job lateness then the job sequence should begin with those jobs requiring the shortest processing time. The chief disadvantage of the shortest processing time rule is that long-duration jobs may have excessive completion times.
Answer:
Supplies Expense = $24,000
Supplies = $24,000
Explanation:
given data
bought for CPA firm = $32,000
supplies on hand = $8,000
solution
we know here that when $8000 supplies available out of $32,000
so supplier during period will be = $32,000 - $8000
supplies expense = $24000
and that is express as
Accounts title Debit Credit
Supplies expense $24,000
Supplies $24,000
Answer:
Payback is 19 months
Explanation:
It is a capital budgeting problem. Firm has invested in TQM's Channel Support systems of $1,500,000. It will increase demand of product by 1.7%.
$166385985 x1.7071. = $166389948
Last years sales revenue was $163,608,638. A 1.7% increase will mean the saleswill be -
$166385985- $163608638 = 2781347
Thus increase in sales revenue is-
Now consider contribution margin. From total sales direct variable costs are deducted to get total contribution. It is 34.2% . So extral contribution due to 1.7% increase in sales is-
$2781347 x 34/2%= $95122
Thus increase in contribution margin will also increase profit to the same extent as there is no addition in fixed cost due to this project. So firm will be able to recover $951,221of initial investment of $1,500,000 in one year. Pay back is the time required to recover this full initial investment. It ascertained by dividing $1,500,000 amount by the net addition in profit per year. Answer is-
1,500,000+ 951221= 1.6759yrs x12months= 19months
Answer:
$90,139.00
Explanation:
ending Work in process inventory = Beginning WIP + Direct Materials + Direct labor + Material Overhead - Cost of goods manufactured
Beginning Work In Progress = 0
Direct Materials = 0.80*$96,300
= $77,040
Direct labor = $57,300
Material Overhead = indirect labor + other manufacturing head
= $14,900 + $108,300
= $123,200
ending Work-in-Process Inventory
= beginning inventories + direct material + direct labor + material overhead
= (0 + $77,040 + $57,300 + $123,200)*0.35
= 257,540*0.35
= $90,139
Therefore, The value of the ending Work-in-Process Inventory is $90,139.
Buying plan is often promised free or deeply discounted products
