A company purchases one of its raw materials from a particular supplier whose delivery limescan vary Details of lead times and production are as follows:Maximum lead timeAverage lead time12 days8 days4 days600 kg per day450 kg per dayMinimum usage300 kg per dayMinimum lead timeMaximum usageAverage usageWhat should be the reorder level for this raw material?A [ ]1 200 kgB3 600 kgC 5 400 kgD7 200 kg

The objective of this question is to calculate the reorder level for a raw material given the lead…

Answered: A company purchases one of its raw…

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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Units of concrete panels produced and sold Sellling price Direct Materials (volume of concrete) Direct Materials cost / each volume of concrete Manufacturing processing capcaity (volume of concrete) Conversion cost (all manufacturing cost except direct materials) Conversion cost per unit of capacity R&D employees R&D costs R&D cost per employee Market growth 2020 20,000 2,400 2,500,000 11.50 400,000 18,000,000 45.00 5 200,000 40,000 What was the change in revenue from growth component? 4,800,000 F O 4,800,000 U 2,400,000 F 480,000 F 480,000 U 2021 22,000 2,200. 2,300,000 12.00 300,000 16,000,000 53.33 4 160,000 40,000 10%
Inspection time 0.4 days Wait time (from order to start of production) 16.8 days Process time 2.8 days Move time 1.1 days Queue time 4.3 days 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. 3. What percentage of the throughput time was spent in non–value-added activities? 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE?
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Question 3 (12 marks) Grass & Go Ltd produce two models of petrol lawnmowers, Standard and Deluxe. Overhead was allocated based on direct labour hours. The following information was collected at the end of 2022. Annual sales Selling price Direct material cost per unit Direct labour cost per unit Overhead cost per unit Following an examination of the data above the marketing manager recommended that more emphasis should be placed on selling the Deluxe mower. The manufacturing manager disagreed and argued that there were problems in relation to the costing of the mowers. The management accountant agreed with the manufacturing manager and suggested that an activity-based costing system should be installed. Overhead activity Setups Standard 36,250 units $650 $90 $200 $90 The general manager asked the management accountant to recalculate the product costs using ABC techniques. The management accountant subsequently collected the following information. Cost driver Number of setups Machine…
Ingredient A12H is a material used to make Calvin Corporation's major product. The standard cost of Ingredient A12H is $24.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below Cost of material purchased in October Material purchased in October Material used in production in October Actual output in October $ 24.10 per ounce 2,350 ounces 2,130 ounces 610 units The material was purchased on account and Calvin Corporation uses a standard costing system. The Materials Efficiency Variance for October would be recorded as a: Multiple Choice debit of $5,280. debit of $4,512 credit of $4,512 credit of $5,280

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