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PARE Company

PARE Company

FINANCIAL ACCOUNTING
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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Compute for throughput time
 
 
 
 
 
 
PARE Company produces and sells a special powder named "CC". Actual and Projected sales units and contribution margin per unit for the product for the year 2021 are as follows: 2021 Projected 8, 100 Actual Sales units 8, 400 Total market (units ) 54, 000 60, 000 CM / unit P6 P 6.50 Assume the same data for PARE Company and the actual data for the years 2021 are as follows: (Assume that production = units sold) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg Direct labor hours Direct labor cost/hr 6, 750 P7 6, 480 P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time 2. Inspection time Move time 1.5 .25 Queue time .80
Transcribed Image Text:PARE Company produces and sells a special powder named "CC". Actual and Projected sales units and contribution margin per unit for the product for the year 2021 are as follows: 2021 Projected 8, 100 Actual Sales units 8, 400 Total market (units ) 54, 000 60, 000 CM / unit P6 P 6.50 Assume the same data for PARE Company and the actual data for the years 2021 are as follows: (Assume that production = units sold) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg Direct labor hours Direct labor cost/hr 6, 750 P7 6, 480 P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time 2. Inspection time Move time 1.5 .25 Queue time .80
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