Northern Defense manufactures radar systems. It has just completed the manufacture of its first newly designed system, RS-32. Manufacturing data for the RS-32 follow:(Click icon to view data)RequirementCalculate the total variable costs of producing 2, 4, and 8 units.Begin by calculating the cumulative total time in labor-hours using the cumulative average-time learning model. (Round the cumulative average time per unit to the nearest whole number.)Cumulative number of Cumulative average timeCumulative total time:per unit: Labor-hoursLabor-hours3700units2483700←Data tableDirect material costDirect manufacturing labor time for first unitLearning curve for manufacturing labor time per radar systemDirect manufacturing labor costVariable manufacturing overhead costUsing the formula for an 85% learning curve, b =In 0.85In 2Print=$$$-0.1625190.69314781,000 per unit of RS-323,700 direct manufacturing labor-hours85% cumulative average timeªDone28 per direct manufacturing labor-hour17 per direct manufacturing labor-hour= -0.234465X

Learning curve is the process by which an individual acquires skill, knowledge and ability. When a…

Northern Defense manufactures radar systems. It has just completed the manufacture of its first newly designed system, RS-32. Manufacturing data for the RS-32 follow: (Click icon to view data) Requirement Calculate the total variable costs of producing 2, 4, and 8 units. Begin by calculating the cumulative total time in labor-hours using the cumulative average-time learning model. (Round the cumulative average time per unit to the nearest whole number.) Cumulative number of Cumulative average time Cumulative total time: Labor-hours per unit: Labor-hours 3700 units 2 4 8 3700 Data table Direct material cost Direct manufacturing labor time for first unit Learning curve for manufacturing labor time per radar system Direct manufacturing labor cost Variable manufacturing overhead cost Using the formula for an 85% learning curve, b = In 0.85 -0.162519 In 2 0.693147 = $ 81,000 per unit of RS-32 Print 3,700 direct manufacturing labor-hours 85% cumulative average time 28 per direct manufacturing labor-hour 17 per direct manufacturing labor-hour = -0.234465 $ $ Done

Northern Defense manufactures radar systems. It has just completed the manufacture of its first newly designed system, RS-32. Manufacturing data for the RS-32 follow: (Click icon to view data) Requirement Calculate the total variable costs of producing 2, 4, and 8 units. Begin by calculating the cumulative total time in labor-hours using the cumulative average-time learning model. (Round the cumulative average time per unit to the nearest whole number.) Cumulative number of Cumulative average time Cumulative total time: Labor-hours per unit: Labor-hours 3700 units 2 4 8 3700 Data table Direct material cost Direct manufacturing labor time for first unit Learning curve for manufacturing labor time per radar system Direct manufacturing labor cost Variable manufacturing overhead cost Using the formula for an 85% learning curve, b = In 0.85 -0.162519 In 2 0.693147 = $ 81,000 per unit of RS-32 Print 3,700 direct manufacturing labor-hours 85% cumulative average time 28 per direct manufacturing labor-hour 17 per direct manufacturing labor-hour = -0.234465 $ $ Done

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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