Management of Mittel Company would like to reduce the amount of time between whena customer places an order and whenorder is shipped. For the first quarter of operations during the current year the following data were reported:Inspection timeWait time (from order to start of production)Process timeMove timeQueue time0.6 days16.6 days2.6 days0.5 days3.7 daysRequired:1. Compute the throughput time. (Round your answer to 1 decimal place.)2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.)3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answer to nearestwhole percent.)4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.)5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do not round intermediatecalculations. Round your percentage answer to 1 decimal place.)7.4 days1. Throughput time2. Manufacturing cycle efficiency3. Non-value-added throughput time4. Delivery cycle timecesdays%5. New manufacturing cycle efficiencyNext >< Prev2 of 3GrawPsAlPrpe here to searchlogi

1. Throughput Time = Process time + Inspection Time + Move Time + Queue Time = 2.6 days + 0.6 days +…

Answered: Management of Mittel Company would like…

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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I can't figure out what I'm doing wrong here. I understand the formuals as: (work in process inv/cost of goods sold)x365
can you help me figure out the answer to a.
Please answer the following 4 questions. 1. Debiting Work in Process Inventory for $102,000 variable OH will result in: a. Decreasing Work in Pocess Inventory based on Actual Variable OH rate. b. Increasing Work in Pocess Inventory based on actual Variable OH rate. c. Decreasing Work in Pocess Inventory based on standard Variable OH rate. d. Increasing Work in Pocess Inventory based on standard Variable OH rate. 2. Debiting Variable Overhead Efficiency Variance means we had an unfavorable outcome. a. True b. False 3. Crediting Variable Overhead Spending Variance means we had an unfavorable outcome for Variable Overhead Spending Variance a. True b. False 4. We normally credit Factory Overhead to apply the actual cost to Overhead to the Work in Process a. True b.False
Could you please answer all the reuired fields correctly.
Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the data he’s collected, but he was unable to figure out some of the amounts. Review the following data and fill in the missing amounts on the chart for Able Baker Charlie Company. Note: It may be helpful to use T accounts to map the flow of the amounts through the manufacturing accounts and solve for the missing dollar values. It may also be helpful to review the steps for determining the cost of materials used, total manufacturing cost incurred, and cost of goods manufactured. Data for February Decrease in materials inventory $3,300 Materials inventory on Feb. 28 50% of materials inventory on Jan. 31 Direct materials purchased $12,000 Direct materials used 3 times the direct labor incurred Total manufacturing costs incurred in period $29,400 Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing…
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time Process time Inspection time Move time Queue time The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 4.5 hours 10.7 hours 23.5 hours Hours 12.8 1.9 0.3 4.5 6.2 25.7 hours
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Month 1 2 3 4 Throughput time (days) ? ? ? ? Delivery cycle time (days) ? ? ? ? Manufacturing cycle efficiency (MCE) ? ? ? ? Percentage of on-time deliveries 77 % 72 % 69 % 66 % Total sales (units) 3880 3715 3525 3391 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: Average per Month (in days) 1 2 3 4 Move time per unit 0.7…
Lead time for one of your fastest-moving products is 24 days. Demand during this period averages 110 units per day. a) What would be an appropriate reorder point? units (enter your response as a whole number).
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Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the data he's collected, but he was unable to figure out some of the amounts. Review the following data and fill in the missing amounts on the chart for Able Baker Charlie Company. Note: It may be helpful to use T accounts to map the flow of the amounts through the manufacturing accounts and solve for the missing dollar values. It may also be helpful to review the steps for determining the cost of materials used, total manufacturing cost incurred, and cost of goods manufactured. Data for February Decrease in materials inventory Materials inventory on Feb. 28 Direct materials purchased Direct materials used Total manufacturing costs incurred in period Total manufacturing costs incurred in period Total manufacturing costs incurred in period Account Materials Inventory Work in Process Inventory Finished Goods Inventory Account Balances Jan. 31 $2,700 50% of…
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