Answered: A furnace repair team services a design…

A furnace repair team services a design capacity of 6 furnaces per day with an effective capacity of 6 furnaces per day. What is the team's utilization if it repairs an average of 4 furnaces per day?

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...

See similar textbooks

Related questions

Q: Background: Jack and Emily Johnson are married and file jointly. They have two children, Lily (age…

A: Step 1: The process involves identifying eligible expenses:\n\n- Childcare:\n - Total expenses:…

Q: Wildhorse Corporation is preparing the comparative financial statements to be included in the annual…

A: Summary:Weighted-average number of common shares for the year ended May 31, 2025 =…

Q: General accounting

A: Step 1: Define Units-of-Production MethodUnits-of-production method charge depreciation expense…

Q: hd

A: To get the percentage of costs assigned to the two products using ABC, simply divide the activity…

Q: Need General Accounting Question Solution

A: Step 1: Define Ratio AnalysisRatio analysis is essential in management accounting. It helps evaluate…

Q: 39 A company issues a convertible bond with a face value of $1,000 for $1,100. What information…

A: The company issues a bond with a face value of $1,000 for $1,100. This results in a premium of $100…

Q: need general account solution

A: To calculate the total product costs for September, we need to include only costs associated with…

Q: None

A: For part (a), the question asks: "If the special-use valuation election is made, Donald's gross…

Q: Use the weighted-average method

A: Step 1: Direct materials cost per equivalent unit using the weighted average method can be…

Q: ?

A: Explanation of Structural Analysis: This refers to the systematic examination of how different…

Q: Given answer accounting questions

A: Step 1: Define Labor Rate VarianceLabor Rate Variance calculates the deviations between the actual…

Q: 0000 10 12 7 A company placed into service a piece of equipment on March 1. The equipment cost…

A: Step 1:IAS 16 deals with accounting for Property Plant and Equipment if the company is preparing…

Q: Brummit corporation has two divisions solve this accounting questions

A: Step 1: Information givenNet Operating Income: $12,100BAJ Division's Segment Margin: $83,100CBB…

Q: Account Question

A: Step 1: Calculate the Contribution Margin per UnitThe contribution margin per unit is calculated as…

Q: Mastery Problem: Differential Analysis and Product Pricing WoolCorp WoolCorp buys sheep's wool from…

A: Step 1: Step 2: Step 3: Step 4:

Q: What is the current price of CB Railways on these general accounting question?

A: Step 1: Information givenEarnings Per Share (EPS) = $3.90Current P/E ratio = 25Step 2: Calculation…

Q: Need answer the financial accounting question

A: Step 1: Define Annualized ReturnAn annualized return is computed by finding the geometric average of…

Q: Need answer with explanation accounting questions

A: Step 1: Define Cost of Goods ManufacturedThe total cost of goods manufactured can be calculated by…

Q: Hello tutor can you answer this account query?

A: Step 1: Understand the Components of Income Tax ExpenseIncome tax expense consists of two…

Q: I won't correct answer general accounting

A: Step 1: Detailed Explanation of Price-Earnings RatioThe Price-earnings ratio is also known as the…

Q: Find the ROS?

A: Net Revenue = 333,000Cost of Goods Sold = 101,000Operating Expenses = 124,000Other Expenses =…

Q: Need answer the general accounting question requirements

A: Step 1: Define Material VariancesMaterial variance analysis is performed by management to find out…

Q: ??

A: Question 1: Integrated Control FrameworksIntegrated control frameworks work through a cohesive…

Q: Hello tutor please help me Accounting question

A: Step 1: Define Capital GainCapital gain refers to the appreciation in asset's value. For…

Q: __

A: Solution= selling price per unit x (100% - contribution margin ratio)= $40 x (1 - 0.40)= $40 x 0.60=…

Q: Ralston Company reports the following information for the 2011 fiscal year: Sales on account…

A: To determine the average number of days it takes Ralston to collect its accounts receivable, we can…

Q: Please provide correct answer general accounting

A: The Direct Labor Rate Variance measures the difference between the actual hourly labor rate and the…

Q: The Malcolm Company stands tam in which manufacturing overhead costs are applied to product on the…

A: To calculate the fixed component of the predetermined overhead rate, we use the formula:Fixed…

Q: abled: Exam 5 i Saved Santana Rey sees that Business Solutions's line of computer desks and chairs…

A: Step 1: Calculate the Contribution Margin per Direct Labor Hour:Desks:Contribution margin per unit:…

Q: Financial accounting

A: To calculate the future value (FV) of $43,000 in 11 years, given it is received in 2 years and then…

Q: What is the material price variance on these general accounting question?

A: Step 1: Define Direct Materials VariancesThe direct materials variances are the standard cost…

Q: Can you please answer the general accounting question?

A: Step 1: Define Savings AccountA savings account is a basic bank account that can be opened with a…

Q: I need answer this general accounting question not us ai

A: Step 1: Define Intangible AssetsIntangible assets are those assets which are not physically visible…

Q: I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain

A: Step 1: Step 2: Step 3: Step 4:

Q: None

A: The question requires the determination of the quick ratio. The quick ratio is an indicator of a…

Q: answer

A: Explanation of Production Rate: This represents the number of units (boards in this case) that can…

Q: Pablo Management has three employees, each of whom earns $175 per day. They are paid on Fridays for…

A: Pablo Management needs to account for the wages incurred on December 31, even though employees will…

Q: Skysong Corporation had the following 2025 income statement. Sales revenue $186,000 Cost of goods…

A: Let's work through these calculations based on the available data:Data Provided:Sales Revenue:…

Q: General Accounting

A: 2. Contribution Margin RatioThe contribution margin ratio is the percentage of each ticket's price…

Q: Please provide correct answer general accounting question

A: Step 1: Define Investment AssetsInvestment assets are short-term or long-term, tangible or…

Q: Need correct answer

A: Question 1: Integrated Control FrameworksIntegrated control frameworks work through a cohesive…

Q: 45 During the most recent year, a company had outstanding stock options, which could be exercised…

A: Dilutive Securities are securities that, if converted into common stock, would decrease earnings per…

Q: Please need answer the accounting question not use ai

A: Step 1: Define Components of Operating CostsOperating costs include direct production and…

Q: 27 On January 1, Year 1, Company A issued a non-interest-bearing note with a $40,000 face value to…

A: Given:Face Value of the Note = 40,000Present Value of the Note = 31,341 Unearned Sales Revenue =…

Q: Altira Corporation provides the following information related to its inventory during the month of…

A: First, we need to calculate the total cost of goods available for sale. This includes the beginning…

Q: hsd

A: Here are the journal entries:January 1, 2028: Bond IssueDebit: Cash $615,294Credit: Bonds Payable…

Q: Account tutor solve it please

A: Step 1: Understanding the ProblemWe are tasked with calculating the current portion of Kent Corp.'s…

Q: Nina Company prepared the following fixed budget for July using 7,640 units for budgeted sales.…

A: Flexible Budget:For sales and variable costs: Total amount = Standard variable cost per unit x…

Q: Futures are available on theee month solution general accounting

A: Step 1: Define GainIn the economics concept, the gain is described as an increase in the asset or…

Q: If provide Wrong Answer I give Dislike

A: Please hope you were asking this question It`s what I solved

Question

I need this question general accounting

A furnace repair team services a design capacity of 6 furnaces
per day with an effective capacity of 6 furnaces per day. What
is the team's utilization if it repairs an average of 4 furnaces per
day?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A work center consisting of 3 machines operates 40 hours a week. In a 4-weekperiod, it actually worked 355 hours and produced 475 standard hours of work.Calculate the utilization and efficiency of the work center. What is the demonstratedweekly capacity of the work center?
A work element takes 20 hours of labor of a technician. Currently, the technician makes $22.50 per hour. For this project, the overhead charges are 72% of the direct labor charges and 10% personal time was assumed for this work element. a. What would be total direct labor cost to complete the work element? b. What would be the total overhead cost to complete the work element? c. What would be the total personal time cost to complete the work element?
time has been 140 minutes, consisting of the following steps: Turn off machine and remove fixture from lathe Go to tool room with fixture Record replacement of fixture to tool room Return to lathe Clean lathe Return to tool room Record withdrawal of new fixture from tool room Return to lathe Install new fixture and turn on machine Total setup time 15 minutes b. 15 18 20 20 20 12 15 5 140 minutes a. A company plans to setup a machine to increase the productivity. The average setup time is 140 minutes. Do you think the management needs to minimize the setup time. Identify the reason that supports the answer. a. Yes b. No Reason: a. The setup time is not a concern of the company as it is not related to productivity of the company. b. The setup time should be considered because long setup time leads to increased economic cost of the setup. c. The cost incurred for setup can be ignored as it is related to machinery. d. Long setup cost can be recovered as depreciation. A company plans to…
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
A work element takes 20 hours of labor of a technician. Currently, the technician makes $22.50 per hour. For this project, the overhead charges are 72% of the direct labor charges and 10% personal time was assumed for this work element. What is the grand total cost to complete this work element? (the total be the sum of the direct labor, overhead, and personal time cost)?
What is the Overhead Rate?
Blossom Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits (a) 1 hour $11 10% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hours per brake repair hours 1 SU
Blossom Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits (a) 1 hour $11 10% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, eg. 1.25.) Standard direct labor hours per brake repair hours F
i want to this question answer General accounting question
Calculate the direct cost of labor for a project team member using the following data: Hourly rate: $50/hr Hours needed: 120 Overhead rate: 40%
Haywood Printing is processing a job with the following activity rates: Activity Cost Driver Driver Rate Direct labor Number of hours $8 Copying Number of copies $0.05 If this job requires 5 hours for 1,000 copies, what is the activity-based cost of the job?
What is the company's plantwide overhead rate?