George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 2 3 4 5 6 Units 13 11 16 15 18 18 91 Total Etching Cost $ 24 21 31 25 31 32 $164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) Expected total etching cost 3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)

George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 2 3 4 5 6 Units 13 11 16 15 18 18 91 Total Etching Cost $ 24 21 31 25 31 32 $164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Exercise 5A-5 Part 3 (Algo) Expected total etching cost 3. If the company processes twenty units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How to work this probl
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?
I have a few questions from the last chapter that still don't understand can i get help.
Mosbius Designs, an architectural firm based in the Upper West Side of New York. Currently, Mosbius Designs is run single-handedly by its owner, Ted Mosby. Ted is considering hiring an assistant, PJ, to help him answer phone calls as business picks up. For the year ended December 31, 2009, Mosbius Designs produced 200 design plans. The following information was provided for 2009: Sales Revenue $250,000 Variable Costs $50,000 Fixed Costs $25,000 If the company hires PJ, Ted believes he can raise the price of each design by $250 due to the improved level of customer service. He will also be able to produce 50 more designs in a year with the extra time. However, the annual fixed costs will increase by the amount of PJ's salary, $55,000. Based on the above information, which of the following statements is incorrect? Question 5 options: The company's contribution margin per unit in 2009 was $1,000. If the company hires PJ, the company must make $96,000…
Vijay
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
Lakeside Accessories manufactures computer backpacks, messenger bags, and other items for carrying electronics, documents, and so on. In developing a new bag for the newest release of laptops, the design group has estimated the following unit costs: Fabric Leather Direct labor hours - Sewing Direct labor hours Assembly $33 14 1.4 1.0 Direct labor at Lakeside Accessories earns $32 per hour for sewing and $27 per hour for assembly. Overhead is estimated for new products at 40 percent of direct labor cost. Lakeside has a target operating profit of 19 percent (as a percentage of costs) on this type of product. The marketing team has estimated that a price of $167 is expected for the bag. Required: a-1. What is the profit as a percentage of cost achieved under this alternative? a-2. Will Lakeside Accessories achieve the target operating profit for this product? have all the labor b-1. The product manager, who is the company's main advocate for this new design, tells you that the he plans…
XYZ makes an electric skateboard-like scooter that is small enough to fit into a school locker. Production for the year 2014 is budgeted at 20,000 scooters. Currently, XYZ makes all of the parts for manufacturing the scooter. However, an outside source has offered to make and sell XYZ 20,000 steering columns for P90 each. The controller of XYZ has researched the cost to produce the steering column in house and has found the following cost structure: Variable costs: Direct materials P48 Direct labor 23 Overhead 16 Total variable cost per unit P87 Fixed costs of P40,000 represents depreciation on special equipment designed to make the steering columns. The equipment cannot be used for any other purpose. The supervisory salary of P70,000 is for the supervisor of the assembly line where the steering columns are made. The supervisor is not involved with the manufacture of any other parts. Therefore, his salary can be eliminated if the…