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o-na [289]
3 years ago
5

Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following informati

on for the machine whose limited capacity is prohibiting the company from producing and selling additional units.
Actual run time this week 5,696 minutes
Machine time available per week 6,400 minutes
Actual run rate this week 1.68 units per minute
Ideal run rate 2.00units per minute
Defect-free output this week 12,670 units
Total output this week (including defects) 18,100units
Required:
1. Compute the utilization rate. (Round your answer to 2 decimal places.)
2. Compute the efficiency rate. (Round your answer to 2 decimal places.)
3. Compute the quality rate. (Round your answer to 2 decimal places.)
4. Compute the overall equipment effectiveness (OEE). (Do not round intermediate calculations. Round your final answer to 3 decimal places.)
Business
1 answer:
KATRIN_1 [288]3 years ago
6 0

Answer:

1. Utilization rate = Operating time/Scheduled time

Utilization rate = 5,696/6,400

Utilization rate = 0.89

2. Efficiency rate = (Total output / Ideal run rate) / Operating time

Efficiency rate = (18,100/2) / 5,696

Efficiency rate = 9,050 / 5,696

Efficiency rate = 1.5888343

Efficiency rate = 1.59

3. Quality rate = Good units produced / Total units produced

Quality rate = 12,670 / 18,100

Quality rate = 0.70

4. Overall Equipment Effectiveness = Utilization rate * Efficiency rate *  Quality rate

Overall Equipment Effectiveness = 0.89 * 1.59 * 0.70

Overall Equipment Effectiveness = 0.99057

Overall Equipment Effectiveness = 0.991

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Answer:

true

Explanation:

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Through coordinating partnerships with dedicated suppliers, Warby Parker have ensured quality, built a lean manufacturing operat
Sedbober [7]

Answer:

B. Profit / Economic

Explanation:

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6 0
3 years ago
A web interface which represents integrated personalized business content delivered to senior managers is
Annette [7]

Answer:

Web portal

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3 0
2 years ago
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term
Mkey [24]

Answer:

Underwater University Variable Costing Income Statement For the Fall Term:

                                                   Actual          Planned          Variance

Number of Enrollment               4,500              4,125            375

Credit hours                              60,450            43,200         17,250

Revenue                                 $7,254,000     $5,832,000     $1,422,000

Variable costs:

Registration, records,

 & marketing costs               $1, 237,500        $1,134,375         $103,125

Instructional costs                   3,868,800        2,592,000       1,276,800

Total variable costs              $5,106,300      $3,726,375    $1,379,925

Contribution margin              $2,147,700       $2,105,625         $42,075

Depreciation on classrooms

       & equipment                   $825,600         $825,600           $0

Operating income                 $1,322,100      $1,280,025         $42,075

Explanation:

Variable costing income statement is an income statement which shows the contribution that revenue makes in paying for the fixed costs, before arriving at the Operating Income.  In variable costing, there is a separation of variable costs from periodic or fixed costs.  All direct materials, labor, and variable overheads are charged to the variable costs, while fixed costs are expensed to the period for which they are incurred.

5 0
3 years ago
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
ivann1987 [24]

Answer:

Cost per equivalent unit Materials =  $ 2.82

Cost per equivalent unit Conversion =  $2.65

Explanation:

Richards Corporation

1) We first calculate the fifo equivalent units .

FIFO Equivalent units can be calculated by the following.

Particulars          Units        % of Completion             Equivalent Units

                                              Mat. Con. Costs       Materials C. Costs

Transferred out, 366,000        100       100             366,000   366,000

Ending inventory, 39,000         30         15              11700         5850

Total Weighted Equivalent Units                           377,700     371,850

Less

<u> Beginning Inventory: 98,000, 80%  20%             78,400        18000</u>

<u>FIFO Equivalent Units                                          299,300       353,850 </u>  

2) We calculate the total costs

                                                   Direct Materials  Conversion

Costs in beginning Work in Process -$55,200       $97,700

<u>Costs incurred in October -                 $844,050      $937,300. </u>

Total Cost                                           $ 899250         1035,000  

<u />

<u>3) In FIFO The cost per unit is  based only on the current costs and current period unit productions.</u>

Materials = $844050/299300= $2.82

Conversion = 937,300  / 353,850   = 2.6488= $2.65

8 0
2 years ago
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