Christmas Express makes wreaths in batch sizes of 16. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 14 minutes per wreath. It takes 6 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time minutes Total lead time b. Compute the value-added ratio. Round to one decimal place.

Christmas Express makes wreaths in batch sizes of 16. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 14 minutes per wreath. It takes 6 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time minutes Total lead time b. Compute the value-added ratio. Round to one decimal place.

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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Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Line Item Description Answer minutes Value-added lead time fill in the blank 1 minutes Non-value-added lead time: Move time fill in the blank 2 Within-batch wait time fill in the blank 3 Total lead time fill in the blank 4 minutes b. Compute the value-added ratio. Round to one decimal place.fill in the blank 1 of 1%
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UPVOTE WILL BE GIVEN! INPUT THE COMPLETE SOLUTIONS. YOU MAY USE EXCEL. BOX THE FINAL ANSWERS. d. How much is the total cost for completed units? e. How much is the total cost to be accounted for?
Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Line Item Description Answer minutes Value-added lead time fill in the blank 1 minutes Non-value-added lead time: Move time fill in the blank 2 Within-batch wait time fill in the blank 3 Total lead time fill in the blank 4 minutes b. Compute the value-added ratio. Round to one decimal place.fill in the blank 1 of 1%
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
Hart Company made 3,400 shelves using 22,400 pounds of wood costing $315,840. The company's direct materials standards for one shelf are 8 pounds of wood at $14.00 per pound. Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances.
Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry.A conduit is a tube that encircles and protects the underground cable. In the process for making the plastic conduit, called extrnsio11, the melted plastic (resin) is pressed through a die to form a tube.Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant: Assume that there is one-half pound of 1·esin per foot of the finished product. Determine the resin materials cost per foot of finished product for each Round to the nearest whole cent. Determine the ratio of the number of resin pounds output in conduit by the number of pounds input into the process for each month. Round percentages to one decimal pl Interpret the resin materials cost per foot for the three months.Use the information in (a) and (b) to explain what is happening. Determine the conversion cost per foot of finished product…
D9. Account
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The Mixing Department of It Was Fresh Bakery had 50,500 units to account for in October. Of the 50,500 units, 40,400 units were completed and and transferred to the next department, and 10,100 units were 35% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process.(Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the total equivalent units of production for direct materials and conversion costs for October. The Mixing Department for It Was Fresh Bakery has direct materials costs totaling $49,100 and conversions cost of $29,300 for October.2. Compute the cost per equivalent unit of production for direct materials and for conversion costs.
Lead Time Analysis Furry Friends Inc. manufactures toy stuffed animals. The direct labor time required to cut, sew, and stuff a toy is 10 minutes per unit. The company makes two types of stuffed toys—a lion and a bear. The lion is assembled in lot sizes of 50 units per batch, while the bear is assembled in lot sizes of 8 units per batch. Since each product has direct labor time of 10 minutes per unit, management has determined that the lead time for each product is 10 minutes. a. Lead time includes ___, ___, and ___. Value-added time, wait time and other non-value-added time. Production time, packing time and value-added time. Idle time, direct labor hours, and wait time. None of the above. b. A toy manufacturing unit produces two types of products and the labor time for the each product is 10 minutes. The batch size of product A is 50 units and batch size of product B is 8 units. The company considers the lead time of the products is equal to the labor hour’s. Is the decision…