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Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time Inspection time 1.5 Move time .25 Queue time .80

Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time Inspection time 1.5 Move time .25 Queue time .80

FINANCIAL ACCOUNTING
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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  • Compute for throughput time
  • Compute for Value added time
Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P 7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time 2 Inspection time 1.5 Move time .25 Queue time .80
Transcribed Image Text:Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P 7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time 2 Inspection time 1.5 Move time .25 Queue time .80
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