Required information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering IDC Allocation, $ 30,000 20,000 10,000 8,500 26,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Production = $ 54.54 Subassemblies = $1 Final assembly = $ 18.18 Actual DL Hours 550 1050 650 Determine the IDC redistribution for each of the three departments. The IDC redistribution is as follows: 36.36

Required information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering IDC Allocation, $ 30,000 20,000 10,000 8,500 26,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Production = $ 54.54 Subassemblies = $1 Final assembly = $ 18.18 Actual DL Hours 550 1050 650 Determine the IDC redistribution for each of the three departments. The IDC redistribution is as follows: 36.36

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Requirements: • Find Current R1 and R2 And find the voltage in R3 Apply this theorem to find above 4. Norton’s
Solve part e and f
Fanning Company and Finch Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year. Actual manufacturing overhead Actual direct labor hours Underapplied overhead Overapplied overhead) Required Fanning Company Finch Company $ 145,750 $ 261,600 23,000 27,000 10,500 $ 21,000 a. Compute the predetermined overhead rate for each company. b. Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial.
Q3. Discuss Material and Capacity Requirements Planning and scope or function of Material Management
Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1 Forecasted sales:Month Forecasted salesMarch 1,827April 1,620May 1,440June 1,179July 1,611August 2,115September 2,637October 2,502November 3,150December 3,231January 2,826February 2,331
Case Study Controlling inventory is one of Wheeled Coach’s toughest problems. Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an inability to deliver promptly, chaos on the assembly line, and a huge inventory investment. Wheeled Coach finds that almost 50% of the cost of every ambulance it manufactures is purchased materials. A large proportion of that 50% is in chassis (purchased from Ford), aluminum (from Reynolds Metal), and plywood used for flooring and cabinetry construction (from local suppliers). Wheeled Coach tracks these A inventory items quite carefully, maintaining tight security/control and ordering carefully so as to maximize quantity discounts while minimizing on-hand stock. Because of long lead times and scheduling needs at Reynolds, aluminum must actually be ordered as much as 8 months in advance In a crowded ambulance industry in which it is the…
Short Questions: 6. What are principles of QMS? 7. What is the purpose of inventory in operations management? 8. What is the difference between horizontal and vertical integration? 9. What does scope of operation means? 10. What are forecasting model? 11. Why forecasting is importance for business success? Describe briefly. 12. What is SIPOC analysis? 13. Define briefly productivity and its types. 14. What are the types of capacity management? 15. Define the following terms a. Muda b. Mura c. Muri.
If 10 pallets are received each 8-hour day, what is the average number of pallets in the system on any given day? Stocking 9 persons 1. 5 hpp S/R Cycle Count person 0.5 hrs/pallet (hpp) Pricing 2 persons 1.25 hpp 1 person 0.25 hpp Spotting 1 persons 0.2 hpp O 10 pallets O 4.713 pallets O 4.375 pallets O125 pallets O Impossible to determine
Q 04: How the automatic guided vehicles provide safe movement of loads. In case the production environment with multiple operations conducted at varying times, how the AGVs can assist in line balancing.
â€¢ 1An advantage of a make-to-stock process is which of the following? o It responds directly to customer orderso It allows the firm to avoid inventory costso Rapid delivery of a standard producto All units of output are uniqueCorrectâ€¢ 2According to Littleâ€™s law, which of the following can be used to estimate inventory?o Set up time times throughput rateo Process time times cycle timeo Process velocity times flow timeo Throughput rate times flow timeCorrectâ€¢ 3Which of the following is a principle of reengineering? o Integrate the outcomes of parallel activitieso Organize around the taskso Treat geographically dispersed resources as though they were centralizedo Capture information many times, at the source and where it is interpretedCorrectâ€¢ 4Which of the following is one of the major types of stakeholders impacted by most consulting projects?o International government regulatorso Other consultantso…
• What is the Reorder Point (ROP)? • What is the fill rate? What is the average inventory? • What is the average flow time? Given Data: Coefficient of variation (CV) = 0.24 Average weekly demand = 540 units Standard deviation = 130 units Lead time=2 Lot size = 1641 Safety inventory: NORMSINV(0.95) = 1.64 Standard deviation * sqrt(2) * 1.64 130*√√2*1.64 301.51 301 = 301 units
Describe the maintenance planning process for an energy company. Include at least 6 steps.