A contractor has agreed to build 10 dog houses in 20 days at a price of $800 perunit. 10 days later, the contractor has finished 6 dog houses with an actual totalcost of $5,200. What is the cost variance CV (CV = BCWP - ACWP)?$800$400$-1,200$600

To solve this problem, we need to understand the following terms:Budgeted Cost of Work Performed…

Answered: A contractor has agreed to build 10 dog…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 28E: Assume that the inspection activity has an expected cost of 120,000. Expected direct labor hours are...

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You are a project manager of a project to build machines. Your project is scheduled to last for 12 months with the following characteristics: You are to build two machines a month for 12 months. Each machine is planned to cost $100. It is the beginning of month 10. You have built 20 machines and your CPI is 0.87. Answer the following questions: What is the actual cost of the project? If the variance experienced so far were to stop, what is the project’s estimate at completion? What is the percentage of the project that is complete? Why the project is over-budget and ahead schedule?
1.We need to develop and install ten printers drivers within 10 weeks for a budget of 100.000$. We should finish 1 printer per week with cost of 10.000 for each printer. At week 5, we finished installing 4 printers with an actual cost of 47500 $ Calculate the performance for this project in terms of cost and time by calculate the following: The budget cost of the work scheduled The budget cost of the work performed The actual cost of the work performed The cost variance The cost performance index
A manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.
i need to find the average cost per unit? if : the machine to produce the units cost $400,000 the monthly operating and maintenance cost is: $1,000 cost of material and labour is: $60/unit defective unit at a cost: $60/unit nominal production of: 2,800 units/month nominal defect rate: 3% MARR is 10% compounded monthly period of time 5 years
Suppose that a manufacturer plans to produce 78,000 units of product duringa year. A lot of size L, to be determined, is to be made periodically, andevery time a lot is made, it is necessary to set up the appropriate machineryand other production facilities before production starts. The set up cost is thena fixed cost incurred for each lot produced and it is determined as $ 200. Whenproduction commences , the cost of making a unit is constant at $ 7.5 per unit.Inventory cost is to be determined on the basis that it costs $ 0.50 per year tocarry one unit in inventory. Also find how many lots the manufacturerwould make per year and each lot would be produced in how manydays ?.
8. The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance if 5,500 units were produced for an actual total of $61,000. PLEASE NOTE: Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). Question 2: Your answer is either "Favorable" or "Unfavorable" - no quotation marks. Total variance = ? Favorable or unfavorable?
Assume that the moving activity has an expected cost of $80,000. Expected directlabor hours are 20,000, and expected number of moves is 40,000. The best activity ratefor moving isa. $4 per move.b. $1.33 per hour-move.c. $4 per hour.d. $2 per move.e. None of these.
please answer within 30 minutes.
Assume that the moving activity has an expected cost of 80,000. Expected direct labor hours are 20,000, and expected number of moves is 40,000. The best activity for moving is a. 4 per move. b. 1.33 per hour-move. c. 4 per hour. d. 2 per move. e. e None of these.
Assume that the inspection activity has an expected cost of 120,000. Expected direct labor hours are 3,000, and expected number of inspections is 600. The best activity rate for inspection is as follows: a. 40 per inspection b. 40 per hour c. 200 per inspection d. 200 per hour
Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are 12,960,000 per year. The total labor minutes available are 1,440,000. During the year, the cell was able to produce 0.6 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 2. Compute the applied conversion cost per minute (the amount of conversion cost actually assigned to the product). 3. Discuss how this approach to assigning conversion cost can improve delivery time performance. Explain how conversion cost acts as a performance driver for on-time deliveries.
Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.

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A contractor has agreed to build 10 dog houses in 20 days at a price of $800 per unit. 10 days later, the contractor has finished 6 dog houses with an actual total cost of $5,200. What is the cost variance CV (CV = BCWP - ACWP)? $800 $400 $-1,200 $600