Answer and Explanation:
The computation is given below:
a)
Direct labor rate variance = (Actual rate - Standard rate) × Actual hours
= ($22.50 - $23) × 8,450 hours
= -$4,225.00 Favorable
Direct labor time variance = (Actual hours - Standard hours) × Standard rate
= (8,450 hours - 8,400 hours) × $23
= $ 1,150.00 Unfavorable
Total direct labor cost variance is
= Direct labor rate variance + Direct labor time variance
= $4,225 Favorable + $1,150 Unfavorable
= -$3,075.00 Favorable
b. In the case when the employees are not much experienced or they are poorly trained so the less experience cause to less performance due to which the actual time needed should be more than the standard one
Answer:
focuses on decisions about the production and delivery of a firm's products and services.
Explanation:
Operations management can be regarded as a field of business which involves administration of business practices that carried out maximization of efficiency in a firm or an organization. It entails process such as planning, organizing, as well as taking responsibility for processes in organization in order to balance revenues as well as costs. It should be noted that Operations Management focuses on decisions about the production and delivery of a firm's products and services.
Answer:
The correct answer is letter "B": Raw materials, work-in-process, finished goods, cost of goods sold.
Explanation:
The flow of costs reflects the way or route in which costs travel from a department to others inside a business cycle. This usually applies to manufacture companies where it is needed to appraise the<em> raw materials, work in process, finished goods supply, </em>and <em>cost of goods sold</em>. The flow of costs can be used in other processes where costs are inherently attached like labor.
Answer:
b. $156.59
Explanation:
Note: The full question is attached as picture below
As the company is under traditional costing system and the allocation base is machine hours.
Variable OH per hour = Total variable cost / Total machine hours
Variable OH per hour = 513,600/32,000
Variable OH per hour = $16.05
Average cost of producing one unit of widget = Direct material per hour + Direct labor per hour + Variable OH per hour
= $95.52 + $51.04 + ($16.05*750/1200)
= $95.52 + $51.04 + $10.03
= $156.59
Answer:
desired cycle time: 60 seconds
Explanation:
The desired cycle time should match production with demand
If there is a demand per day of 480 units then the cycle time should be:
8 hours x 60 minute x 60 seconds = 28,800 second
we divide this by the 480 units of demand:
28,800 second/ 480 units = 60
The company needs to complete a unit in a 60 second time period.
