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Sladkaya [172]
3 years ago
11

You are asked to assess the current service model for a manufacturing line featuring 8 machines. Based on empirical data you hav

e determined that machines have a 23% likelihood of being down and in need of repair. There are currently 2 workers capable of running and repairing machines. Each of the 8 machines can produce 18 units/hour. The overhead for running each of the 8 machines is $713 per day per machine. Each operator is paid at an hourly rate of $15. [You can assume an 8-hour work day]
a. Determine the total amount of lost work time.
b. Should you hire an additional worker to run the 8 machines in this manufacturing line?
Business
1 answer:
xeze [42]3 years ago
7 0

Answer:

A) 14.72 hours

B)  An additional worker should be hired since the lost work time is 14.72 hours

Explanation:

Number of machines on manufacturing line = 8

percentage of machine been down = 23%

number of workers capable of running and repairing machines = 2

machine productivity ( per machine ) = 18 units/hour

overhead cost / machine = $713

hourly rate paid per worker  = $15

Total number of work hours = 8 hour

A) calculate Total amount of lost worktime

 = number of machines * Total number of work hours * 23%

= 8 * 8 * 23% = 14.72  hours

B) An additional worker should be hired since the lost work time is 14.72 hours

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The following data from the just completed year are taken from the accounting records of Mason Company:
Nuetrik [128]

Answer:

Mason Company

a) Schedule of Cost of Goods Manufactured:

Direct labor cost                        $80,000

Raw material purchases          $135,000

Manufacturing overhead

applied to work in process     $201,000

Cost of goods manufactured $416,000

b) Schedule of Cost of Goods Sold:

Cost of goods manufactured $416,000

Under-applied overhead            21,000

Cost of goods sold                $437,000

c) Income Statement:

Sales                                $656,000

Cost of goods sold          $437,000

Gross profit                      $219,000

Selling expenses            $105,000

Administrative expenses  $41,000

Total expenses               $146,000

Net income                       $73,000

Explanation:

a) Data and Calculations:

Sales                                $656,000

Direct labor cost                $80,000

Raw material purchases $135,000

Selling expenses            $105,000

Administrative expenses $41,000

Manufacturing overhead

applied to work in process $201,000

Actual manufacturing

overhead costs                  $222,000

Under-applied overhead    $21,000 ($222,000 - $201,000)

5 0
2 years ago
Financial markets and intermediaries:
lubasha [3.4K]

Answer: A. channel savings to real investment.

Explanation: Financial intermediaries are institutions that serve as intermediaries to make financial processes easier and more efficient.

The most common are banks and brokerage firms, so they help channel investment channels and improve the inherent risk through established regulations.

8 0
3 years ago
In macroeconomics, _____________________________ describes a situation where a bank's liabilities can be withdrawn in the short-
Hunter-Best [27]

Answer:

Asset-liability mismatch

Explanation:

When a bank makes a conscious effort to ensure that the timing of its risk assets (loan assets) is not longer than that of its deposit liabilities, that is what is called asset-liability matching. A situation where due to bad monitoring, the timing of its risk assets(loan assets) is longer than the timing of its deposit liabilities, we have what we called asset-liability mismatch

4 0
3 years ago
Abigail purchases a 5-year, 10,000 bond that pays 3.5% annual coupons and matures at par. She pays 6,000 for the bond and also d
BARSIC [14]

Answer:

the total yield rate on 6,000 investment is 14.9328%

Explanation:

The computation of the total yield rate is as follows:

= ((Annual coupon rate × bond ÷ interest earned percentgae × (1 + interest earned percentage - 1) + bond) ÷ (bond))^(1 ÷ time period) -1

= ((3.5% × 10,000 ÷ 7.5% × (1.075^5 - 1) + 10,000) ÷ (6,000))^(1 ÷ 5) - 1

= 14.9328%

Hence, the total yield rate on 6,000 investment is 14.9328%

The same is to be considered

8 0
2 years ago
The funds the Fed receives from selling government securities
nikdorinn [45]

Answer:

d. are deposited in the U.S. Treasury

Explanation:

The Federal income is mostly generated from the interests on the government securities, Once each and every expenses of the Fed is paid, the remaining earning is deposited in the  U.S. Treasury.

Hence, the correct answer will be "d. are deposited in the U.S. Treasury."

6 0
2 years ago
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