LO.1 & LO.2 (Activity analysis; MCE) Log Cabins Unlimited constructs vacation housesin the North Carolina mountains. The company has developed the following value chart:Average Numberof DaysOperationsReceiving materialsStoring materials10Measuring and cutting materialsHandling materials7Setting up and moving scaffoldingAssembling materials3Building fireplace12Pegging logs8Cutting and framing doors and windows5Sealing jointsWaiting for county inspectorsInspecting property (county inspectors)a. What are the value-added activities and their total time?b. What are the non-value-added activities and their total time?c. Calculate the manufacturing cycle efficiency of the process.d. Explain the difference between value-added and non-value-added activities.9,6.

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Answered: LO.1 & LO.2 (Activity analysis; MCE)…

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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Required information 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: Total Etching Week Units 1 13 Cost $ 24 2 11 21 3 16 31 4 15 25 5 18 31 6 18 32 91 $ 164 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Required: 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bx. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Express these estimates in the form Y = a + bx. Note: Round your answers to 2 decimal places. Y =
A. If overhead for the year was $205,000, what were the profits of the residential and commercial services using labor-hours as the allocation base? B. Overhead consists of costs of traveling to the site, using equipment (including vehicle rental), and using supplies, which can be traced as follows.
Give me answer within an hour I will give you positive rating immediately ......its very urgent ...thankyou..
Required Information [The following information applies to the questions displayed below.] UR Safe Systems Installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation 1,050 feet 21 hour The ICU 100 sells for $860 Installed, and the ICU 900 sells for $1,570 Installed. 1. Current profit margin 2. ICU 100 2 2 3 1 5 650 feet 11 hour Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $800 and on the ICU 900 to $1,440 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages. Profit margin Target cost (For all requirements, round your percentage answers to…
K | Jamie, the owner of 'Jamie's Port a Potty' leases 10 used portable bathrooms from Royal Restrooms. The company sets up and services portable bathrooms for long term construction projects. The following costs were recorded for last month for Jamie: $1,500 rent costs $200 emergency waste calls (2 calls last month) to construction sites $4,000 salaries for management $500 insurance $300 supplies (toilet paper, etc.,) $2,000 employee hourly wages What were Jamie's variable costs last month? O A. $2,500 B. $6,300 C. $6,000 O D. $3,000 O E. $5,500 06 پر
Sampson Company operates a manufacturing facility where several products are made. Deach product is considered a business segment, and the product managers have the opportunity to receive a bonus based on the profit of the segment. Franco Hopper is the manager for the scissors product line. Production and sales for the scissors product line loene for the past three years are shown below: Year 1: Year 2: Year 3: Units produced 100,000 125,000 160,000 Units sold 100,000 100,000 100,000 Sales price per unit 12.00 12.00 12.00 Variable manufacturing cost per unit 5.00 5.00 5.00 Total fixed manufacturing cost 200,000 200,000 200,000 Hopper’s bonus is .5% of the gross profit of the scissors product line, based on absorption costing. Upper management is discussing changing the bonus system so that bonuses are based on operating income using variable costing. Hopper is opposed to this change and has been trying to convince the other product managers to join him in voicing their…
Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.
Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVS. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Totals Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,810 10,700 ▸ 4,600 3,630 Controllable Costs Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 390 6,000 $ 45,130 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. 0 $ ATV $ 27,800 20,800 5,500 Actual 930 570 6,600 $ 62,200 Actual Snowmobile $ 19,720 10,990 4,700 3,470 360 5,600 $ 44,840 Over…
Byron Truck Repair uses a specialized hydraulic lift to work on trucks and busses. Data on the lift and its usage follow Cost Driver Rate Cost Driver Volume Resources used Operation Maintenance $ 6.00 per lift-hour $8.50 per job 3,310 lift-hours 548 jobs Resources supplied Operation $ 24,000 $ 11,200 Maintenance Required: Compute the cost of unused resource capacity in operation and maintenance for Byron Truck Repair. Operation Maintenance Unused Resource Capacity
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