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siniylev [52]
3 years ago
8

Consider the following production process for manufacturing biscuits. The first step of the process is mixing where all of the i

ngredients are combined in the correct proportion to form dough. In the next step of the process, the dough is formed into sheets and cut into pieces in preparation for baking. The cut dough is then baked into biscuits and subsequently must be cooled. The final step of the process is packaging the biscuits for the consumer.
The following table summarizes the production process along with the processing times at each step of the process. The process is highly automated, so assume that this is a machine-paced process with one machine available at each step.
Process step Activity Time (Minutes per Batch)
Mixing 15
Forming 10
Baking 12
Cooling 18
Packing 10
Round "Flow rate" to 3 decimal places. Round "Utilization rate" to a whole percent.
a. What is the capacity of the baking process step (in batches per hour)? _______ batches per hour
b. What is the bottleneck of the manufacturing process?
c. Assuming unlimited demand, what is the process flow rate (in batches per hour)? ________ batches per hour
d. Assuming unlimited demand, what is the utilization of the mixing process step? _______ percent
e. If the manufacturing process is currently full of work-in-process inventory, how long would it take to complete 50 batches of biscuits? ________ hours to complete 50 batches
Business
1 answer:
kupik [55]3 years ago
8 0

Answer:

a. 5 batches

c. 3.33

d. 83%

e. 15 hours

Explanation:

As per the data given in the question,

a)

Capacity of baking process = 60 ÷ Activity time for per batch

= 60÷12

= 5 batches per hour

b)

Bottleneck of manufacturing process = Cooling price(Since it has maximum activity time)

c)

Process Flow rate = Total number of batches per hour for system, which is described at capacity of bottleneck

Therefore, Flow rate = number of batches at bottleneck

= 60 ÷ 18

= 3.33

d)

Utilization of mixing process = Activity time ÷ Bottleneck activity time

= 15 ÷ 18

= 83 %

e)

Time required for 50 batches = Time for bottleneck for processing 50 batches

= 18 × 50

= 900 minutes

= 15 hours

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Answer:

D. Both B and C

Explanation:

Based on the information provided within the question it can be said that you must go to The Building Codes  and Building Officials Conference of America. This is where every company must go in order receive the guidelines of the materials that are approved by the government for all development procedures including construction, electrical wiring etc.

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3 years ago
If the Fed conducts open-market purchases, the money supply A. decreases and aggregate demand shifts right. B. increases and agg
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If the Fed conducts open-market purchases, the money supply increases and aggregate demand shifts right.

Answer: Option B

<u>Explanation:</u>

With the Fed conducting an open market purchase, the people will sell of the securities that they possess. In return they will get money from the fed for the purchases that it makes. With the increase in the supply of money in the economy, there will be more demand by the people in the economy.

Therefore the aggregate demand curve will shift to the right direction showing more demand of the goods and services by the people in the economy.

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3 years ago
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and
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Answer:

Dillon Products

1. Journal entries for (a) through (f)

a) Debit Raw Materials Account $325,000

   Credit Accounts Payable $325,000

To record the purchase of raw materials on account.

b) Debit Work in Process $232,000

   Debit Manufacturing overhead $58,000

   Credit Raw materials account $290,000

To record the transfer of raw materials to WIP and Overhead.

c) Debit Work in Process $60,000

   Debit Manufacturing overhead $120,000

   Credit Wages & Salaries $180,000

To record the transfer of labor cost to WIP and Overhead.

d) Debit Manufacturing overhead $75,000

   Credit Depreciation Expense- Equipment $75,000

To record the transfer of depreciation expense to Overhead.

e. Debit Manufacturing Overhead $62,000

   Credit Expenses Payable $62,000

To record other overhead incurred on account.

f. Debit Work In Process $300,000

   Credit Manufacturing Overhead $300,000

To record the overhead applied on the basis of 15,000 machine hours at $20 per machine hour.

2. T-accounts:

Manufacturing overhead

Account Title                   Debit        Credit

Raw materials             $58,000

Wages & Salaries        120,000

Depreciation- Equip.     75,000

Expense Payable          62,000

Work in Process                             $300,000

Finished Goods                                   15,000

Work in Process Account

Account Title                     Debit        Credit

Raw materials account  $232,000

Wages & Salaries               60,000

Manufacturing overhead 300,000

Finished Goods                               $592,000

Finished Goods

Account Title                     Debit        Credit

Work in Process           $592,000

Manufacturing overhead  15,000

3. Journal Entry for item (g):

Debit Finished Goods $607,000

Credit Work in Process $592,000

Credit Manufacturing overhead $15,000

To record the cost of manufactured parts, including the under-applied overhead.

4. Cost of goods sold = 10,000 *$607,000/16,000 = $379,375

(While Ending Inventory = 6,000 *$607,000/16,000 = $227,625.)

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead = $4,800,000

Estimated machine hours = 240,000

Overhead rate = $4,800,000/240,000 = $20 per machine hour

Actual cost data for January:

Number of machine parts = 16,000

Raw materials purchased on account = $325,000

Raw materials cost:

 Direct materials = $232,000 (80% of $290,000)

 Indirect materials = $58,000 (20% of $290,000)

Labor cost

 Direct labor = $60,000 ($180,000 * 1/3)

 Indirect labor = $120,000 ($180,000 * 2/3)

Manufacturing overhead:

 Depreciation = $75,000

 Others = $62,000

 Indirect materials = $58,000

 Indirect labor = $120,000

Total actual overhead incurred = $315,000

Machine hours actually worked = 15,000

b) Other Accounts

1. Expenses Payable

Account Title                   Debit        Credit

Manufacturing overhead               62,000

2. Depreciation Expense - Equipment

Account Title                   Debit        Credit

Manufacturing overhead              $75,000

3. Raw Materials Account

Account Title                   Debit        Credit

Accounts Payable      $325,000

Work in Process                             $232,000

Manufacturing overhead                   58,000

4. Accounts Payable

Account Title                   Debit        Credit

Raw Materials                                $325,000

c) The manufacturing overhead applied is $300,000 (15,000 machines hours actually used multiplied by $20 overhead rate), while the actual overhead costs incurred total $315,000.  So there is an under-applied overhead of $15,000 which is charged to Finished Goods in order to obtain the correct cost of 16,000 custom-made machined parts.

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Answer: Please refer to Explanation

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Under Costs, the cost of setting up and thriving is evaluated. What does the company have to pay and who do they have to pay it to in order to set up properly.

Under Threats, the factors that could adversely affect the company as a result of Investing in the country are evaluated. This is very important to know so that if need be, contingencies can be established.

Classifying the above.

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The middle class are the main purchasers of goods and services in the economy. In evaluating benefits the potential growth rate of the middle class should be evaluated.

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Evaluating the potential benefits to be had from investing first in a country is part of Benefits Evaluation.

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Bribery payments are a cost when it comes to setting up in corrupt nations. They need to be evaluated as costs.

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Under the evaluation of risks, this should be evaluated because a new Political leadership could have a different attitude to the company and this is a threat.

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Under the evaluation of cost there must be an evaluation of infrastructural issues in the country. If there are infrastructural challenges, the cost of setting up will be higher because depending on the infrastructure you'd have to bring in infrastructure from other areas and that would be expensive.

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What are the costs of resolving contract disputes in the country. If they are favourable then the country is fine.

7. Free market economy. EVALUATE BENEFITS.

A free Market Economy is very useful to Entreprise. The type of economy needs to be evaluated therefore to see if it is a Free Market Economy that can benefit the company.

8. Economic uncertainty. EVALUATE RISKS.

How stable is the economy of the country in question. A country with an unstable Economy is one with a lot of Uncertainty and any company going in there will have to risk suffering losses if the Economy goes through peril.

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Answer:

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