(A SEPARATE QUESTION)The Cnork Creations Company produces small plastic dolls in its Rilto manufacturingplant. The company is currently evaluating ways to improve productivity. Theaccountant of the firm's parent organization suggested that management implement anew compensation plan based on throughput performance measure as an incentive toincrease productivity. To demonstrate how such a measure might work, the accountantgathered the following production data for a recent month:Total units attempted6,000,000Good units manufactured4,800,000Processing time (total hours)800Value-added processing time6002.How many defective units were produced?

Defective units are those manufactured units which are not upto the mark or quality. These units…

Answered: (A SEPARATE QUESTION) The Cnork…

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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The information related to an assembly line process at a manufacturing company is shown in Figure Q2. Workstation D is the last work process with the process time of 30 sec/unit and 2% rejection rate. Other information related to the process is shown in the figure. The demand for the product is 37000 units per month. The company is operating for 24 days per month and 8 hours per day. (a) Evaluate the problem and determine the rate of components expected to be rejected from process C in units per hour. (b) Re-evaluate the overall problem and propose the number of machines required at workstation В. SS6 2% SS5 1% SS4 2% S7 SS3 SS2 S 5% 2% 3% 1 28 sec/unit 25 sec/unit A B D Output 5% 4% 3% 2% 131.7 39 sec/unit 30 sec/unit 103.4 sec/umt sec/unit Figure 2
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Best Ink produces printers for personal computers. The following information is available for production of a recent order of 500 printers. Process time 16.0 hours Inspection time 3.5 hours Move time 9.0 hours Wait time 21.5 hours 1. Compute the company’s manufacturing cycle time. 2. Compute the company’s manufacturing cycle efficiency. 3. Assume the company wishes to increase its manufacturing cycle efficiency to 0.80. If process time is unchanged, what is the maximum number of hours of non-value-added time the company can have and meet this goal?
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Baird Chairs, Incorporated makes two types of chairs. Model Diamond is a high-end product designed for professional offices. Model Gold is an economical product designed for family use. Jane Silva, the president, is worried about cut-throat price competition in the chairs market. Her company suffered a loss last quarter, an unprecedented event in its history. The company's accountant prepared the following cost data for Ms. Silva: Direct Cost per Unit Direct materials Direct labor Category Unit level Batch level Product level Facility level Total Model Diamond (D) $19.50 per unit $ 19.10/hour x 2.00 hours production time Type of Product Estimated Cost $ 247,500 825,000 704,000 572,000 $ 2,348,500 a. Model Diamond a. Model Gold b. Model Diamond b. Model Gold Cost Driver Number of units. Number of setups Number of TV commercials Number of machine hours The market price for office chairs comparable to Model Diamond is $118 and to Model Gold is $75. Cost per Unit Model Gold (G) $9.90 per…
Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company's profits might be increased in the coming year. This problem asks you to use cost-volume-profit concepts to help Waterways understand contribution margins of some of its products and decide whether to mass-produce any of them. Waterways markets a simple water control and timer that it mass-produces. Last year, the company sold 635,000 units at an average unit selling price of $5.00. The variable costs were $2,222,500, and the fixed costs were $619,125. (a1) Your answer is correct. What is the product's contribution margin ratio? (Round ratio to O decimal places, e.g. 25%.) Contribution margin ratio 30 % (a2) eTextbook and Media Your answer is correct. What is the company's break-even point in sales units and in sales dollars for this product? Break-even point in units 412750 units Break-even point in…
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Each year, Giada Company produces 20,000 units of a component part used in tablet computers. An outside supplier has offered to supply the part for $1.39. The unit cost is: Direct materials $0.83 Direct labor 0.34 Variable overhead 0.13 Fixed overhead 2.55 Total unit cost $3.85 1. What are the alternatives for Giada Company? a. Make the part in house b.Buy the part externally c.Make the part in house or buy the part externally d.None 2. Assume that none of the fixed cost is avoidable. List the relevant cost(s) of internal production. a.Direct materials, direct labor and variable and fixed overhead b.Direct materials, direct labor and variable overhead c.Direct materials, direct labor and fixed overhead d.None List the relevant cost(s) of external purchase. a.Purchase price b.Sales price c.Material price d.None 3. Which alternative is more cost effective and by how much? a. Making the part in house b. Buying the part from the external supplier by $___________ 4. What if…
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Oakwood Company produces maple bookcases. The following information is available for the production of a recent order of 500 bookcases. Process time Inspection time Move time Wait time 1. Compute cycle time. 2. Compute cycle efficiency. 19 days 1 day 4 days 17 days 3. Management believes it can reduce move time by 1 day and wait time by 2 days by adopting lean manufacturing techniques. Compute cycle efficiency assuming the predictions are correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cycle time. Inspection time Move time Process time Wait time Cycle time Cycle Time Required 3 Time 0
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