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viktelen [127]
3 years ago
7

Sound Tek Inc. manufactures electronic stereo equipment. The manufacturing process includes printed circuit (PC) board assembly,

final assembly, testing, and shipping. In the PC board assembly operation, a number of individuals are responsible for assembling electronic components into printed circuit boards. Each operator is responsible for soldering components according to a given set of instructions. Operators work on batches of 50 printed circuit boards. Each board requires 4 minutes of board assembly time. After each batch is completed, the operator moves the assembled boards to the final assembly area. This move takes 12 minutes to complete. The final assembly for each stereo unit requires 20 minutes and is also done in batches of 50 units. A batch of 50 stereos is moved into the test building, which is across the street. The move takes 20 minutes. Before conducting the test, the test equipment must be set up for the particular stereo model. The test setup requires 30 minutes. The units wait while the setup is performed. In the final test, the 50-unit batch is tested one at a time. Each test requires 9 minutes. The completed batch, after all testing, is sent to shipping for packaging and final shipment to customers. A complete batch of 50 units is sent from testing to shipping. The Shipping Department is located next to testing. Thus, there is no move time between these two operations. Packaging and labeling requires 12 minutes per unit.
Required:
Determine the amount of value-added and non-value-added lead time and the value-added ratio in this process for an average stereo unit in a batch of 45 units.
Business
1 answer:
Tema [17]3 years ago
6 0

Answer:

A. 45

B.2,235

C. 1.9%

Explanation:

A. Calculation to determine the amount of value-added

VALUE ADDED TIME

PC board Assembly 4

Final Assembly 20

Testing 9

Packaging and labeling 12

Total Value added time 45

Therefore the amount of value-added is 45

B. Calculation to determine non-value-added lead time

NON-VALUE-ADDED LEAD TIME

Wait time for non added value 2,205

[45*(50-1)]

Add Test set up time 30

Wait time 2,235

Therefore The non-value-added lead time is 2,235

C. Calculation to determine the value-added ratio

Value added time 45

Non value added lead time:

Wait time lead time 2,235

Move time lead time 32

(12+20)

Total lead time 2,312

Value added ratio 1.9%

(45/2312*100)

Therefore the value-added ratio is 1.9%

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American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const
galben [10]

Answer and Explanation:

1. The Journal entry is shown below:-

Equipment Dr,  $4 million

         To Notes payable $4 million

(Being purchase of machine is recorded)

2. The preparation of amortization schedule for the four-year term of the installment note is shown below:-

Present value annuity factor for 10% for 4 years = 3.16987    

Note amount = $4,000,000    

Annuity value = $1,261,881

($4,000,000 ÷ 3.16987)

                    A              B = (A × 10%)      C            D = (C - B)       E = (A - D)

Dec 31   Opening value Effective  Installment Reduction in Ending value

                  of Note           Interest     Paid          value of note       of note

2021     $4,000,000     $400,000  $1,261,881   $861,881         $3,138,119

2022     $3,138,119        $313,812    $1,261,881   $948,069       $2,190,050

2023     $2,190,050      $219,005   $1,261,881   $1,042,876     $1,147,174

2024     $1,147,174         $114,707     $1,261,881    $1,147,174        $0

3. The Journal entry to record the first installment is shown below:-

Interest expense Dr, $400,000

Long term note payable Dr, $861,881

       To Cash $1,261,881

(Being the first installment paid is recorded)

4. The Journal entry to record the third installment is shown below:-

Interest expense Dr, $219,005    

Long term note payable Dr, $1,042,876    

        To Cash $1,261,881  

(Being third installment paid is recorded)

6 0
3 years ago
The College Board reported the following mean scores for the three parts of the Scholastic Aptitude Test (SAT) (The World Almana
storchak [24]

Answer:

a) P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

b) P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

c) P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Part a

Let X the random variable that represent the scores for critical reading of a population, and for this case we know the distribution for X is given by:

X \sim N(502,100)  

Where \mu=502 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(502-10 < \bar X < 502+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

Part b

Let X the random variable that represent the scores for Math of a population, and for this case we know the distribution for X is given by:

X \sim N(515,100)  

Where \mu=515 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(515-10 < \bar X < 515+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

Part c

Let X the random variable that represent the scores for Writing of a population, and for this case we know the distribution for X is given by:

X \sim N(494,100)  

Where \mu=494 and \sigma=100

We select a sample of size n=100, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{100}}=10)

And for this case we want this probability:

P(494-10 < \bar X < 494+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

3 0
3 years ago
explaining the evolution of money commodity money, because it is valued more highly, tends to drive out paper money. paper money
Pachacha [2.7K]

Answer:

This is the complete answer and answer choices arranged properly

- In explaining the evolution of money:

A) government regulation is the most important factor.

B) commodity money, because it is valued more highly, tends to drive out paper money.

C) new forms of money evolve to lower transaction costs.

D) paper money is always backed by gold and therefore more desirable than checks.

The answer is:

C) New forms of money evolve to lower transaction costs

Explanation:

Money is the current medium of exchange worldwide in the form of coins and banknotes known as currency and varies from country to country. It evolved from being a commodity good, to metallic coin, bank, note, check, and plastic money in the form of cards.

Transactions between individuals were based on trade by barter, a system of exchanging goods between individuals who has a particular good but desire another to exchange the goods he has with another person who has the goods he desires, before the advert of money.

This system of trading by barter is limited in that it only allow for two people who have possession of goods that compliment what the other person is looking for and then locate each other.

With trading by barter, high transaction costs, exchange of goods was difficult and being unable to be carried out.

Money then evolve to lower this transaction costs and make exchange of goods possible without needing to have what another person wants and the trouble of finding them.

The evolution of money allowed individuals to enables and promote economic transactions and lowered the costs ingrained to those operations.

3 0
3 years ago
Read 2 more answers
What is the intellectual property involved in Interact systems’ business model?
slava [35]

Answer:

Collaborative or cooperative intellectual property.

Explanation:

A strong Intellectual Property position "facilitates open collaboration when talking with partners about the technologies that need to be developed. In other sectors manufacturing technology can be shared with contract manufacturers, others may cross licence to access broader portfolios and indeed many companies may pool and share their IP in order to develop interoperability standards."

Reference: Duncan, “Intellectual Property and the Business Model.” Ipstrategy.com, 28 Nov. 2012

6 0
3 years ago
The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of m
fomenos

Answer:

Results are below.

Explanation:

Giving the following information:

January $2,700 300

February $3,000 350

March $3,600 500

April $4,500 690

May $3,200 500

June $5,500 700

<u>To calculate the variable and fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,500 - 2,700) / (700 - 300)

Variable cost per unit= $7

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,500 - (7*700)

Fixed costs= $600

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,700 - (7*300)

Fixed costs= $600

4 0
3 years ago
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