A production manager finds that for every 1,000 units of output his company produces, 5.8% 1s defective (i.e. waste). If the production process of this company uses 40 units of material to produce 120 units of output, determine the quantity of material and the output level that will be required to produce 142,500 non-defective units. Use it to answer questions 48 - 52. 48. What is the number of defective units for every 1000 units of output? (a) 58 (b) 580 (c) 600 (d) 700 49. To produce 142,500 non-defective units, the output level required is: (a) 142,500 (b) 142,765 (c) 150,675 (d) 150,765 50. How many defective units will be produced for an output of 136,000? (a) 6580 (b) 7888 (c) 8250 (d) 9000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
A production manager finds that for every 1,000 units of output his company produces, 5.8% is
defective (i.e. waste). If the production process of this company uses 40 units of material to
produce 120 units of output, determine the quantity of material and the output level that will be
required to produce 142,500 non-defective units. Use it to answer questions 48-52.
48. What is the number of defective units for every 1000 units of output?
(a) 58
(b) 580
(c) 600
(d) 700
49. To produce 142,500 non-defective units, the output level required is:
(a) 142,500
(b) 142,765
(c) 150,675
(d) 150,765
50. How many defective units will be produced for an output of 136,000?
(a) 6580
(b) 7888
(c) 8250
(d) 9000
51. If 40 units of material is required to produce 120 units of output, what quantity of material will
be used to produce the output in Q63 above?
(a) 47500
(b) 47588
(c) 50225
(d) 50255
52. If the company produced the output of 136,000 instead of the 142,500, what will be the
percentage in production level?
(a) (4.56%)
(b) 4.56%
(c) 104.78
(d) (104.78)
ifia link
Transcribed Image Text:A production manager finds that for every 1,000 units of output his company produces, 5.8% is defective (i.e. waste). If the production process of this company uses 40 units of material to produce 120 units of output, determine the quantity of material and the output level that will be required to produce 142,500 non-defective units. Use it to answer questions 48-52. 48. What is the number of defective units for every 1000 units of output? (a) 58 (b) 580 (c) 600 (d) 700 49. To produce 142,500 non-defective units, the output level required is: (a) 142,500 (b) 142,765 (c) 150,675 (d) 150,765 50. How many defective units will be produced for an output of 136,000? (a) 6580 (b) 7888 (c) 8250 (d) 9000 51. If 40 units of material is required to produce 120 units of output, what quantity of material will be used to produce the output in Q63 above? (a) 47500 (b) 47588 (c) 50225 (d) 50255 52. If the company produced the output of 136,000 instead of the 142,500, what will be the percentage in production level? (a) (4.56%) (b) 4.56% (c) 104.78 (d) (104.78) ifia link
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Product life cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education