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balandron [24]
3 years ago
14

Consider a process consisting of three resources. Assume there exists unlimited demand for the product, and that all activities

are always performed in the following sequence.
Resource 1 has a processing time of 6 minutes per unit.
Resource 2 has a processing time of 3 minutes per unit.
Resource 3 has a processing time of 5 minutes per unit.
All three resources are staffed by one worker and each worker gets paid $11 per hour.
(a) what is the cost of direct labor?
(b) what is the labor content?
(c) How much idle time does the worker at resource 3 have per unit?
(d) What is the average labor utilization?
(e) Assume the demand rate is 20 units per hour. What is the takt time?
(f) Assume the demand rate is 20 units per hour. What is the target manpower?
Business
1 answer:
hoa [83]3 years ago
7 0

Answer:

A)  cost of direct labor =1.10+0.55+0.92 = $2.57

b. Labor content = 6 min+ 3 min+5 min= 14 min

c. idle time at resource 3 = (6+3)-5 = 4 mins

d.Average labor utilization = labor content / (labor content plus idle time)

                                            = 14/ (14+7) =14/21 =0.66666667*100= 67%

e. takt time = available time / demand

                   = 60 min / 20 = 3 min

f. Target man power = total labor content / Takt time

                                  = 14 /3

                                  = 4.67 = 5 manpower

Explanation:

direct labor per unit

Resource 1 = 6/60 =0.1 hrs*11= $1.10

Resource 2 = 3/60 = 0.05 *11 = $0.55

Resource 3 = 5/60 = 0.08*11 = $0.92

total idle time ; resource 1 = 3 + 4= 7

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lisov135 [29]

Answer:

The correct answer is letter "B": record revenue only after you have earned it.

Explanation:

Revenue Recognition is an accounting term that describes how and when a company reports revenue in its ledger. It is also part of the Generally Accepted Accounting Principles (GAAP). Using the accrual accounting method, revenue must be recorded when it is earned not when the company collects the cash proceeding.

7 0
2 years ago
Lulzbot sells 6,000 units of its product for $500 each. The selling price includes a one-year warranty on parts. It is expected
Olin [163]

Answer:

$3,000

Explanation:

Warranty expense is an obligation on the business because business is liable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.

Total Sales = $500 x 6,000 units = $3,000,000

Warranty Expense for the year = Sales units x 3% x warranty cost per unit

Warranty Expense for the year = 6,000 x 3% x $50 = $9,000

Recognised warranty cost in the year = 120 units x $50 = $6,000

Accrued Warranty expense = $9,000 - $6,000 = $3,000

5 0
3 years ago
A local jacket distributor expects to sell 9,000 black fleece jackets in a year. Assume that EOQ model assumptions are valid. Ea
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Answer: $4,800

Explanation:

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= Average inventory * Cost of holding a unit

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Then find the Annual ordering cost:

= Expected units to be sold/ Units ordered * Ordering cost

= 9,000/500 * 100

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Annual Inventory cost = Annual holding cost + Annual ordering cost

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4 0
2 years ago
Redwood Corporation is considering two alternative investment proposals with the following​ data: Proposal X Proposal Y Investme
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Answer:

6.1%

Explanation:

As per given data

                                                             Proposal X     Proposal Y

Investment                                           ​$900,000      ​$488,000

Useful life                                             ​9 years           9 years

Annual net cash inflows for 9 years ​  $130,000       ​$84,000

Residual value  ​                                   ​ $42,000        $0

Depreciation method                          Straight-line   Straight-line

Required rate of return ​                       15%                 ​12%

Accounting rate of return is the ratio of average net income of a project and the average investment made in the project.

Accounting rate of return = Average Net income / Average Investment

As net cash inflows are given we need to deduct the depreciation from the cash flows to arrive at the net income for the period. As all cash flows are constant so, the average value will be equal to the single years value.

Average net income = Net cash inflows - Depreciation = Net cash inflows - ( Cost of Asset - Residual value ) / Useful life of asset = $84,000 - ( $488,000 - $0) / 9 = $84,000 - $54,222 = $29,778

Average Investment  = $488,000

Placing Values in the formula

Accounting rate of return = $29,778 / $488,000 = 6.1%

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Answer:

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