A solid circular steel shaft is encased in a copper hollow shaft so as to make a compound shaft. The diameter of the steel shaft is 8 cm, and the outer diameter of the copper shaft is 11 cm. The compound shaft, of length 200 cm, is subjected to an axial torque of 8 kNm. Determine: (a) Maximum shear stress in steel and copper. (b) Angular twist per unit length. Given; G 2G - 80 kN / mm
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- Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are $310,000 for a standard production run that generates 180,000 pints of Smooth Skin and 280,000 pints of Silken Skin. Separable processing costs beyond the split-off point are $1.30 per pint for Smooth Skin and $1.80 per pint for Silken Skin. Required: How much of the joint costs are allocated to Smooth Skin and Silken Skin under each of the following methods: 1. Physical quantity method 2. Sales value at split-off method. Assume the following sales prices at the split-off point: Smooth Skin sells for $3.60 per pint, while Silken Skin sells for $5.10 per pint. 3. Net realizable value method. Assume the following sales prices after further processing: Smooth Skin sells for $3.60 per pint, while Silken Skin sells for $5.10 per pint. (For all requirements, do not round intermediate calculations. Round final answers to nearest whole dollar amounts.) 1. Physical…HardevNisse AB manufactures insulating materials of different thicknesses in the same production facility. The company manufactures three different product variants (PV) in thicknesses of 10 mm, 20 mm and 30 mm. For the coming years, the following production is planned:PV Thickness Quantity1 10 mm 15 0002 20 mm 30 0003 30 mm 15 000The total manufacturing cost is estimated at SEK 3,000,000.Calculate the cost of the different product variants using an equivalent calculation
- Compute the standard cost for one pair of boots, based on the following standards for each pair of boots:Standard materials quantity: 1.25 yards of leather at $35.00 per yardStandard labor: 9 hours at $25.75 per hourFactory overhead: $1.76 per direct labor hourRound your answer to two decimal places.Total standard costCompute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 80 parts. A part requires 2 minutes in milling and 6 minutes in finishing. The move time between the two operations for a complete batch is 7 minutes. Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 5 parts and the move time is eliminated. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy Value-added time min min Non-value-added time min min Total lead time min min Value-added ratio (as a percent) % 0%The following standard costs were developed for one of the products of ELJAY Sdn Bhd (ESB): STANDARD COST PER UNIT RM Direct materials Direct labor 3 feet @ RM4.00 per foot 5 hours @ RM8.00 per hour 5 hours @ RM4.00 per hour 5 hours @ RM6.00 per hour 12.00 40.00 Variable overhead Fixed overhead Total standard cost per unit 20.00 30.00 102.00 The following information is available regarding the company's operations for the period: Units produced Materials purchased Materials used Direct labor Overhead incurred: 40,000 240,000 feet at RM4.40 per foot 150,000 feet 220,000 hours at RM8.30 per hour Variable RM770,000 Fixed RM900,000 Budgeted fixed overhead for the period is RM960,000, and the standard fixed overhead rate is based on the expected capacity of 160,000 direct labor hours. REQUIRED: (a) Compute the following variances. Indicate whether it is Favorable (F) or Unfavorable (UF) variance. (i) material price variance
- Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Quantity or 2.50 Hours ounces 0.90 hours Standard Price or Rate $ 22.00 per ounce $ 16.00 per hour 0.90 hours $ 2.00 per hour Standard Cost $ 55.00 14.40 1.80 $ 71.20 During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 14,000 ounces at a cost of $289,800. b. There was no beginning inventory of materials; however, at the end of the month, 4,050 ounces of material remained in ending inventory. c. The company employs 26 lab technicians to work on the production of Fludex. During November, they each worked an average of 150 hours at an average pay rate of $15.00 per hour. d. Variable…Chenwang Manufacturing has 18,000 labor hours and 120,000 grams of material. The cost of labor per hour is $10, and material costs 60 cents per gram. The company manufactures three products: A, B and C. Quantity of material used per unit of each product, labor time used, demand, and selling price are given in the table below. Production has to equal or exceed demand. Image has been attached with the further details.Winner’s Circle, Inc., manufactures medals for winners of athletic events and other contests. Its manufacturing plant has the capacity to produce 10,000 medals each month. Current monthly production is 7,500 medals. The company normally charges $175 per medal. Variable costs and fixed costs for the current activity level of 75 percent of capacity are as follows: Production Costs Variable costs: Manufacturing: Direct labor………………………………………………….$ 375,000 Direct material………………………………………………….262,500 Marketing……………………………………………………………….187,500 Total variable costs……………………………………………………………$ 825,000 Fixed costs: Manufacturing………………………………………………………..$ 275,000 Marketing……………………………………………………………….175,000 Total fixed costs……………………………………………………………...$ 450,000 Total costs……………………………………………………………………$1,275,000 Variable cost per unit………………………………………………………..$ 110 Fixed cost per unit…………………………………………………………………….60 Average unit cost……………………………………………………………$ 170 Winner’s Circle has just received a…
- Gerber Clothing Inc. has designed a rain suit for outdoor enthusiasts that is about to be introduced on the market. A standard cost card has been prepared for the new suit, as follows: Standard Quantity or hours Standard price or Rate Standard Direct materials 2.2 metres Direct labour 1.0 hours Manufacturing overhead (1/6 variable) 1.0 hours $ 15 per metre 33 per hour 21 per hour Cost $33.00 Total standard cost per suit 33.00 21.00 $87.00 a. The only variable selling and administrative costs will be $6 per suit for shipping. Fixed selling and administrative costs will be as follows (per year): Salaries Advertising and other Total $ 35,400 157,000 $192,400 b. Since the company manufactures many products, it is felt that no more than 10,500 hours of labour time per year can be devoted to production of the new suits. c. An investment of $550,000 will be necessary to carry inventories and accounts receivable and to purchase some new equipment. The company wants a 20% ROI in new product…Compute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 50 parts. A part requires 5 minutes in milling and 10 minutes in finishing. The move time between the two operations for a complete batch is 11 minutes. Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 6 parts and the move time is eliminated. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy Value-added time ? min ? min Non-value-added time ? min ? min Total lead time ? min ? min Value-added ratio…LZS Bhd produces a single product called MY2.5 which is being exported to Indonesia. You are the management accountant of LZS Bhd and for the month ended 31 May 2021 you are provided with the following information in relation to MY2.5. (i) Standard cost per unit of MY2.5. Direct Materials : 4 kg per unit at RM3 per kg Direct Labour : 5 hours per unit at RM4 per hour Variable Overhead : 5 hours per unit at RM1 per hour Fixed Overhead : 5 hours per unit at RM3 per hour (ii) Standard selling price of MY2.5 is RM60 per unit. (iii) Budgeted production was 10,000 units . (iv) Overheads are absorbed based on the direct labour hours. (v) The actual results for the year are as follows: Sales at 9,500 units at a total sales of RM 551,000 Material consumption : 37,000kg of material at a total cost of RM120,250 Labour paid per hour : RM4.1 per hour to all factory workers. Labour cost paid in total : RM 200,900 Overheads paid : Variable : RM 46,550; Fixed : RM 145,000 (vi) No stocks held at the end…