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viktelen [127]
2 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]2 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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The company is currently selling 5,000 units per month. Fixed expenses are $243,000 per month. The marketing manager believes th
REY [17]

Answer:

If the company decides to increase its advertising budget, its net profits will  decrease by $200 (= $56,800 - $57,000).

Explanation:

The company is currently selling 5,000 units per month at $150 per unit, and its total variable costs are $90 per unit.

Fixed expenses are $243,000 per month.

Current income statement:

sales revenue =                    $750,000

minus variable costs =         ($450,000)

<u>minus fixed costs =              ($243,000)  </u>

net income =                           $57,000

If the company increases its advertising budget be $11,000 it should sell 180 more units per month, the new income statement would be:

sales revenue =                    $777,000

minus variable costs =         ($466,200)

<u>minus fixed costs =              ($254,000)  </u>

net income =                           $56,800

If the company decides to increase its advertising budget, its net profits will  decrease by $200 (= $56,800 - $57,000).

7 0
3 years ago
On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assuranc
Yanka [14]

Answer:

January 2, 2020

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December 31, 2020

Dr Warranty expense $890

Cr Cash $890

December 31, 2020

Dr Warranty expense$640

Cr Warranty Liabiltiy $640

Explanation:

Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.

January 2, 2020

Dr Cash $52,000

Cr Sales Revenue $52,000

December 31, 2020

Dr Warranty expense $890

Cr Cash $890

December 31, 2020

Dr Warranty expense$640

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3 years ago
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Answer: Characteristics Of A Great Scrum Team. ... Within Scrum self-organizing, cross-functional, and highly productive teams do the work: creating valuable releasable product increments. Scrum offers a framework that catalyzes the teams learning through discovery, collaboration and experimentation.

Explanation:

A Scrum Team is a collection of individuals working together to deliver the requested and committed product increments. To work effectively it is important for a Scrum Team that everyone within the team. follows a common goal.

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3 years ago
German companies do not recognize the profit until the project is completely finished and they have been paid. recognize profits
photoshop1234 [79]

Answer:

German companies do not recognize the profit <u>until the project is completely finished and they have been paid.</u>

Explanation:

German companies prepare their accounting balances under IFRS standards (common for all EU member countries) and German GAAP.

Under IFRS standards, revenue must be recognized when the business satisfies a performance obligation.

German GAAP is very prudent in determining profits, that is why they are only recognized once a project is completely finished and it has been completely paid.

Some specific German rules are to starting to change due to globalization, but others are still subject to legal requirements.

7 0
3 years ago
What is the Best loan option for your<br> lemonade Stand? Why?
Arte-miy333 [17]

Answer:

Short term loan

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Lemonade stand can be regarded as a small business, Hence, the loan that suit the business is " Short term loan".

Short term loan can be regarded as loan that can be obtained to give support to ones personal as well as business capital. It is designed for the needs of small business capital with less interest compare to long term loan. The period of payment is usually within a year. It is of low risk and good profit.

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