solve with all the methods within 30 mins. 2) A restaurant purchases chicken breast four timeseach week and conducts an inventory weekly. Themost recent week's deliveries have been:Monday-20 # chicken at $1.87/#Wednesday25 #chicken at $1.86/#Friday-20 #chicken at $1.92/#Saturday-45 # chicken at $1.93/#Calculate the possible values for 30 # of chicken left ininventory on Sunday afternoon using the FIFO, LIFO,weighted average, and most recent price methods.Assuming the restaurant rotates stock properly,provide the value using the actual price method aswell.

In weighted averages, each number is assigned importance (or weight). A weighted average could be…

2) A restaurant purchases chicken breast four times each week and conducts an inventory weekly. The most recent week's deliveries have been: # chicken at $1.87/# 25 # chicken at $1.86/# Monday-20 Wednesday

2) A restaurant purchases chicken breast four times each week and conducts an inventory weekly. The most recent week's deliveries have been: # chicken at $1.87/# 25 # chicken at $1.86/# Monday-20 Wednesday

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose a company has 1,000 units of a raw material part on hand. If 750 of these units are routed into production, should the company place an order to stock up on more of these parts? (Show calculations). Determine the economic order quantity (EOQ) for this part, assuming the following:The company plans to use 10,000 units during the coming year.The company orders this part in lots of 1,000 units, and each order placed carries a processing cost of $2.50.Each unit of inventory carries an annual holding cost of $6.40.
A steel rod 20 mm in diameter and 120 mm long is joined to the end of a copper rod 20 mm in diameter and 80 mm long, thus forming a composite rod of 200 mm in length. If the ends of the composite rod are now clamped, calculate the stress set up in the steel and copper due to a temperature increase.
Production time for yoga pants in the sewing room is 15 SAM. 40 multi-skill operators work from 9-5 pm with one hour for a break. They work 5 days a week and have an 85% efficiency factor. How long will this company need to complete a client’s order for 7,000 yoga pants?
Christmas Express makes wreaths in batch sizes of 23. The cutting and assembly process takes 4 minutes per wreath, and the decorating process time is 12 minutes per wreath. It takes minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time Non-value-added lead time: Move time Within-batch wait time minutes Total lead time b. Compute the value-added ratio. Round to one decimal place. % minutes
1. A protein chromatography column that processes 15 kg of protein in 60 h, is cycled every 6 h, can be loaded with 10 grams of protein per liter of column volume, has a maximum flow rate of 50 liters/ min at a pressure of 4 bar, and is packed with an incompressible resin having a particle diameter of 90 μum and void fraction of 0.35. The viscosity can be assumed to be that of water. i. What are the dimensions required for the column? ii. If the flow rate is 1 column volume per minute and the pressure rating is still 4 bar, what column dimensions are required? Is the resolution equivalent to that for Part (i)? 111. If the pressure rating for the column were raised to 12 bar, should the column dimensions change? Is so, what should the dimensions be? Do they make sense? iv. What is the best way to increase the productivity of the column packing?
Christmas Express makes wreaths in batch sizes of 14. The cutting and assembly process takes 6 minutes per wreath, and the decorating process time is 15 minutes per wreath. It takes 6 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time fill in the blank 1 minutes Non-value-added lead time: Move time fill in the blank 2 Within-batch wait time fill in the blank 3 Total lead time fill in the blank 4 minutes b. Compute the value-added ratio. Round to one decimal place.fill in the blank 5 %
A cell-phone repair shop consists of three processes. Step 1 requires 6 minutes per unit, step 2 requires 5 minutes per unit and step 3 requires 7 minutes per unit. 30% of units that complete the third step require rework, which means those units must start the process over at step 2 (processing times are the same for units being reworked) and rework is always successful. Demand at the shop is 0.5 units per minute. Instruction: Round your answer to three decimal places. What is the capacity of the shop (in units per units per minute)? units per minute
During the next four months, a customer requires,respectively, 600, 800, 1200, and 900 units of acommodity, and no backlogging is allowed (that is,the customer’s requirements must be met on time).Production costs are $80, $100, $105, and $90 per unitduring these months. The storage cost from one month to the next is $20 per unit (assessed on ending inven-tory). It is estimated that each unit on hand at the end of month 4 can be sold for $60. Assume there is nobeginning inventory.a. Determine how to minimize the net cost incurred inmeeting the demands for the next four months.b. Use SolverTable to see what happens to the decisionvariables and the total cost when the initial inventoryvaries from 0 to 1000 in 100-unit increments. Howmuch lower would the total cost be if the companystarted with 100 units in inventory, rather than none?Would this same cost decrease occur for every100-unit increase in initial inventory?
Christmas Express makes wreaths in batch sizes of 16. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 14 minutes per wreath. It takes 6 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time Total lead time minutes b. Compute the value-added ratio. Round to one decimal place.