00:53:53CkTB Problem Qu. 5-114 (Algo) Mccabe Corporation uses the weighted-average...for September.Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly DepartmentMcGrawHillcontrolWork in process, September 1Units started into production during SeptemberUnits completed during September and transferred to the next departmentWork in process, September 30Equivalent units of productionQA2Required:the weighted-average method.Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September usingZoptionWS# 3XF3MaterialsEHcommandD$4DODDOOF4ConversionRCdo 5%F< PrevF5TSavedV6G31 of 35YB&7HAF7Next >U*8NDIIF8Units8008,2007,3001,700(9F9KM0Materials55%F10Percent Complete75%LHPF11>HelpcommandConversion10%25%+ 11Save & Exit2F12option2Subdele

The above-given question is to ascertain the Equivalent units of production. Equivalent units of…

Answered: TB Problem Qu. 5-114 (Algo) Mccabe…

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...

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Use the information in attachment capacity q2.Your company has just received some new customers. The final step of the production process is to paint the product before it is shipped. The company operates 250 days per year, with one 8-hour shift. Management believes that a capacity cushion of 20% percent (beyond the allowance built into time standards) Based on the following information, determine how many paint booths are needed by the company? Customer A Customer B Customer C Annual Demand Forecast 4000 2500 8000 Std Processing Time (hour/unit) Average Lot Size Set-up Time (hours) 0.75 0.8 0.65 25 37 45 0.6 0.4 0.3
SHARE OF REQUIREMENTS. Kinetic Canes has customer and sales data from the Canadian market. The data provide information on customers who bought a cane from Kinetic at least once and on customers who bought ANY brand in the marketplace (including Kinetic) at least once. So the last column includes ALL buyers of ANY brand. The data show: Buyers who bought from Kinetic Buyers who bought ANY brand at least once at least once Spent on canes from KINETIC $26.7 million $26.7 million Spent on OTHER brand canes (NOT Kinetic) $49.8 million $151.2 million Number of buyers 0.9 million 8.0 million What was Kinetic's SHARE OF REQUIREMENTS in the Canadian market during this period? Report your answer as a percent. (Rounding: tenth of a percent.)
QUESTION 10 A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
Answer is in bold, just need work shown. :)
3. Your independent oil and gas company is considering the purchase at time zero of a 100 % working interest in a property. If you elect to develop the lease for an 87.5% revenue interest, the following costs will be incurred: in time zero, the lease bonus cost is $100,00o, intangible drilling costs are estimated at $550,000 while tangible completion costs are estimated at $300,000. Operating costs are estimated to remain constant at $8.00 per barrel (includes production costs, severance taxes and ad-valorem taxes) in each of years 1, 2, 3 and 4. Oil prices are forecasted to be $50.00 per barrel in each of years 1, 2, 3, and 4. Production is summarized in the following table. The escalated dollar minimum rate of return is 12.0%. Use net present value analysis to determine if the acquisition and development of this lease is economically viable: (a) Before considering income taxes, (b) Assuming income tax rate of 30%. (Expense 100% of intangible drilling costs at the end of first year,…
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Operations Management CH 11 Please show work and explain. Thank you. Question 7, Part A & B
The industry in which Morton Company operates is quite sensitive to cyclical movements in the economy. Thus, profits vary considerably from year to year according to general economic conditions. The company has a large amount of unused capacity and is studying ways of improving profits. Required: 1. New equipment has come onto the market that would allow Morton Company to automate a portion of its operations. Variable expenses would be reduced by $8.70 per unit. However, fixed expenses would increase to a total of $642,060 each month. Prepare two contribution format income statements, one showing present operations and one showing how operations would appear if the new equipment is purchased. 2. Refer to the income statements in (1). For the present operations and the proposed new operations, compute (a) the degree of operating leverage, (b) the break-even point in dollar sales, and (c) the margin of safety in dollars and the margin of safety percentage. 3. Refer again to the data in…
Problem 7-13 (Algo) Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual fixed cost is $15,000 for this process, direct labor is $4.00 per package, and material is $4.75 per package. The selling price will be $15.00 per package. a. How much revenue do we need to take in before breaking even? (Round your answer to the nearest dollar amount.) Break-even point b. What is the break-even point in units? (Do not round intermediate calculations. Roundup your answer to the next whole number.) Break-even point units
1. Net sales for the hosiery department in May wee $30,620. Book inventory at the end of the month showed that $97,831 should be on hand. Physical inventory showed $97,560. Determine shortage or overage percent. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). 2. Using the data below, determine the closing book inventory. Not all information given may be needed. Present your answer with a dollar sign, comma separator, rounded to the dollar. (i.e. $19,567) Opening inventory $89,760 Gross purchases $43,620 RTV $860 Cash discounts $320 Markdowns $5,246 Markdown cancellations $318 Employee discounts $784 Gross sales $49,318 Customer returns $2,945 Net markups $760 3. Calculate the shortage or overage percent, given the following information. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). NOTE. There is another question in this quiz using the same data. Opening inventory…
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.
Beginning inventory = 200 units Ending inventory = 200 units Sales forecast: 1 2 3 4 Quantity 200 300 200 400 300 Using the information above, what is the required monthly production to achieve a level production plan? a. 220 Units. O b. 240 Units 280 Units O d. 340 Units

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