XX is aware that there is a learning effect for the production of one of its new products, but is unsure about the degree of learning. The following data relate to this product. Time taken to produce the first unit 28 direct labour hours Production to date 15 units Cumulative time taken to date 104 direct labour hours What is the percentage learning effect?

XX is aware that there is a learning effect for the production of one of its new products, but is unsure about the degree of learning. The following data relate to this product. Time taken to produce the first unit 28 direct labour hours Production to date 15 units Cumulative time taken to date 104 direct labour hours What is the percentage learning effect?

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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Accounting Evman Company has decided to introduce a new product, which can be manufactured by either a computer-assisted manufacturing system or a labour-intensive production system. The manufacturing method will not affect the quality of the product. The estimated manufacturing costs by the two methods are as follows: computer-assisted manufacturing system labour-intensive production system Direct Material $5.00 $5.60 Direct Labour .5DLH @ $12 $6.00 .8 DLH @ $9 $7.20 Variable Overhead .5 DLH @ $6 $3.00 .8 DLH @ $6 $4.80 Fixed Overhead * $2,440,000 $1,320,000 These costs are directly traceable to the new product line. They would not be incurred if the new product were not produced. The company’s marketing research department has recommended an introductory sales price of $30. Selling expenses are estimated to be $500,000 annually plus $2 for each unit…
Zainab is the head of production department in a textile unit. She has given a target about the number of items that will be produced in a month. She has also allocated number of workers and hours to achieve the target. This scenario represents which step in control process Select one: O a. Taking corrective action b. Establishing standards O c. Comparison of actual with standards O d. Measuring performance
The objective manufactured. A manufacturer wishes to produce two commodities x and y. The number of units of material, labor and equipment needed to produce one unit of each commodity is Shown below together with the available number of units of each of the items. available no. of units 480 y material 4 labor 4 240 equipment 4 200 profit/unit P120 P100 Find the number of units to produce in order to maximize the profit. 429
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Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the company’s productivity: 20x1 20x2 Number of units produced 660,000 480,000 Labor hours used 220,000 120,000 Materials used (lbs.) 1,885,714 1,200,000 Required: 1. Calculate the productivity profile for 20x1. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x1 Profile Labor productivity ratio fill in the blank 1 Material productivity ratio fill in the blank 2 2. Calculate the productivity profile for 20x2. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x2 Profile Labor productivity ratio fill in the blank 3 Material productivity ratio fill in the blank 4 3. What if the labor hours used in 20x2 were 157,500? What does comparison of the 20x1 and 20x2 profiles…
bb.cas.edu.om & Remaining Time: 16 minutes, 47 seconds. Question Completion Status: QUESTION 3 Which of the following is not relevant to a process costing system? O A. - Unrelated products B. - Low production flexibility OC. - Repetitive production O D. - High production volume
Requirement 1. Calculate the total variable costs of producing 2, 3, and 4 units assuming that Northern Defense uses an 85% incremental unit-time learning model as a basis for predicting manufacturing labor-hours. Begin by calculating the cumulative total time in labor-hours using the incremental unit-time learning model. (Round the individual unit time for Xth unit to the nearest whole number) Individual unit time for Cumulative total time: Cumulative number of units 1 2 Xth unit: Labor-hours Labor-hours 3 Data table Direct materials cost Direct manufacturing labor time for first unit Learning curve for manufacturing labor time per radar system Variable manufacturing overhead costs $ 83,000 per unit of RS-32 Direct manufacturing labor costs "Using the formula for an 85% learning curve, b= In 0.85 In 2 -0.162519 0.693147 3,900 direct manufacturing labor-hours 85% incremental unit-time" 20 per direct manufacturing labor-hour 12 per direct manufacturing labor-hour =-0.234465
Compute (a) manufacturing cycle time and (b) manufacturing cycle efficiency using the following information from a manufacturing company. Process time. 15.0 minutes Move time. 6.4 minutes Inspection time. 2.0 minutes Wait time. 36.6 minutes
Itranscript A company executive assigned importance values between 0 and 100 to five attributes included in an alternative evaluation process. Determine the weight of each attribute using the importance scores. Importance Score, si Attribute, i Safety Cost Production rate Environmental Maintainability The weight of safety is The weight of cost is The weight of production rate is The weight of environmental is The weight of maintainability is 58 50 88 28 44