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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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B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions

Explanation:

You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.

The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.

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3 years ago
Yvette is preparing a direct claim message. Her bank account has been incorrectly debited a duplicate charge of $132.45 for a pa
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Answer:

She needs to contact the retail store about getting refund of duplicate charge of $132.45 for pair of hockey skates.

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6 0
4 years ago
Read 2 more answers
A company headquartered in Vancouver, British Columbia, is building a pipeline in Russia. The invoice amount is due in 90 days a
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Answer:

C. Sell 28,000,000 rubles

Explanation:

By doing so, the company will <u>immediately receive</u> the amount equivalent in Canadian Dollars by selling 28 million rubles in forward and after 90 days when the invoice amount (28 million rubbles) is received from building the pipeline, will be used to netting of the forward contract.

In this way, company can hedge the currency exposure, and reduce the risk which can be generated from currency volatility.

5 0
3 years ago
The following jobs are waiting to be processed at the same machine center. Jobs are logged as they arrive:
Anvisha [2.4K]

Answer:

The average job lateness for the sequence developed is 328 days

Explanation:

Given that the initial work day is base on day 275, the following is going to be the new sequence of the given jobs:

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C 320 8

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Therefore, the average job lateness is calculated as follows:

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3 years ago
How are time tickets and materials requisition slips similar?
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Time tickets and materials requisition slips are similar to. The cost associated with both must be credited to the Work in Process Inventory. Option A. This is further explained below.

<h3>What are time tickets?</h3>

Generally, A time ticket is a form filled out by workers to keep track of their working hours.

In conclusion, Both time tickets and materials requisition forms have certain similarities. Both must be accounted for in the Work in Process Budget.

<h3>Complete Question</h3>

How are time tickets and materials requisition slips similar?

The cost associated with both must be credited to the Work in Process Inventory. Costs associated with both must be recorded in the general ledger and job cost sheets.

Costs associated with both must be debited to Manufacturing Overhead.

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