Answer:
a. Potential Packing Output/hr = (50 loaves/20 min) * 60 min = 150 loaves.
However, the production of 50 loaves takes 60 mins, so the packaging remains idle for 40 mins and the Actual Packing Output/hr = 50 loaves.
Hence, Capacity Utilization = (Actual Output/Potential Output) *100% = (50/150)*100% = 33.33%
b) Production output = 50 loaves/hr = 50 loaves/60 mins
Packing Output = 50 loaves/20 mins
So, to make both the capacities equal, the XYZ Bakery can simultaneously operate three batches to prepare the dough and bake i.e 150 loaves/60 mins for both production as well as packing.
Answer:
B) the sale of goods to a customer.
Explanation:
When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.
For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $1,200
Sales Revenue $1,200
Cost of Goods Sold $1,000
Finished Goods Inventory $1,000
Answer:
35,000 equivalent units
Explanation:
The equivalent untis will consider both, the competed units and the portion of work done in the ending Work in Process.
So we will add the complete and transferred with the ending invenory times completion percnet
complete and transferred 28,000
ending work in process 14,000 at 50% = 7,000
28,000 + 7,000 = 35,000
Answer:
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Answer:
1. $2,296
2. $19.58
3. Total labor cost = Fixed cost + (variable cost × employee hour)
Explanation:
The computations are shown below:
1. The fixed cost would be
= High labor cost - (High employee hours × Variable rate per hour)
= $10,324 - (410 hours × $19.58)
= $10,324 - $8,028
= $2,296
2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)
= ($10,324 - $6,800) ÷ (410 hours - 230 hours)
= $3,524 ÷ 180 hours
= $19.58
3. The cost formula would be
Total labor cost = Fixed cost + (variable cost × employee hour)
= $2,296 + ($19.58 × employee hour)
