Zerbel Company, a wholesaler of large, custom-built air conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month: Units Total Shipping Shipped Expense Month January February 7 March April May June 4752368 July $2,200 $3,100 $2,600 $1,500 $2,200 $3,000 $3,600 Using the high-low method, estimate the cost formula for shipping expense.
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- Zerbel Company, a wholesaler of large, custom-built air conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month, as shown below:Month Units Shipped Total Shipping ExpenseJanuary. . . . . . . . . . 4 $2,200February . . . . . . . . .7 $3,100March . . . . . . . . . . .5 $2,600April . . . . . . . . . . . . 2 $1,500May . . . . . . . . . . . . . 3 $2,200June . . . . . . . . . . . . . 6 $3,000July . . . . . . . . . . . . . .8 $3,600Required:1. Prepare a scatter graph using the data given above. Plot cost on the vertical axis and activity on the horizontal axis. Is there an approximately linear relationship between shipping expense and the number of units shipped?2. Using the high-low method, estimate the cost formula for shipping expense. Draw a straight line through the high and low data points shown in the scatter graph that you prepared in requirement 1. Make sure your line intersects the Y axis.3. What factors, other…a. Using the least squares method, develop the equation for predicting weekly receiving report costs based on the number of shipments received. b. What is the predicted amount of receiving report costs for a month (assume a month is exactly four weeks) in which 165 shipments are received?A supplier ships goods from Richmond, VA to three market places in 3 cities (Chicago, IL; Athens, GA; St. Luis, MO). The supplier can ship every day, every other day, or every third day. There is a penalty of $0.30/cwt for each day delayed. Consolidating shipments allows for lower transportation costs from larger loads, but incurs penalty costs due to the delay. Transportation Rate (S/cwt) Shipment City Weight/day LTL 50,000 lb 50000 Ib Chicago, IL 18,000 lb (180 cwt) 1.50 1.25 Athens, GA 15,000 lb (150 cwt) 1.35 1.00 St. Luis, MO 12,000 lb (120 cwt) 2.00 1.50 Total 45,000 lb = 450 cwt Find what is the cost for the following: Shipping Every Day Shipping on the alternate Day (every two days) Shipping every three Day
- Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. All three products are sold in highly competitive markets, so the company is unable to raise prices without losing an unacceptable number of customers. Data from the most recent period concerning these products appear below: Annual sales volume Velcro 101,800 Metal 203,600 Nylon 407,200 Unit selling price $ 1.65 $ 1.50 $ 0.85 Variable expense per unit $ 1.25 $ 0.70 Contribution margin per unit $ 0.40 $ 0.80 $ 0.25 $ 0.60 Total fixed expenses are $407,200 per period. Of the total fixed expenses, $20,000 could be avoided if the Velcro product is dropped, $80,000 if the Metal product is dropped, and $60,000 if the Nylon product is dropped. The remaining fixed expenses of $247,200 consist of common fixed expenses such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely. The company's managers would like…Required information [The following information applies to the questions displayed below.] Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Month January February March April May June July Unita Shipped Total contribution margin 8 Total Shipping Expense $1,680 $2,580 Given the facts in part 3-8, estimate the total contribution margin for August if seven air conditioners are produced and sold. $ $1,950 $1,212 $1,800. $2,220 $3,072 2,170Apples & Oranges Inc. is trying to become more efficient in shipping goods. It is experimenting with two new shipping procedure initiatives aimed at achieving this strategic objective. The company has provided the following data regarding the two procedures after one month of implementation: Line Item Description Shipping Procedure A Shipping Procedure B Number of shipping errors 144 120 Hours from ordered to shipped 17.3 20.2 Shipping time (hours from shipped to delivered) 6.7 9.5 Pounds of goods shipped 1,520,000 720,000 Number of shipments 400 300 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet a. Compute the following performance metrics for each…
- Apples & Oranges Inc. is trying to become more efficient in shipping goods. It is experimenting with two new shipping procedure initiatives aimed at achieving this strategic objective. The company has provided the following data regarding the two procedures after one month of implementation: Shipping Procedure A Shipping Procedure B Number of shipping errors 105 132 Hours from ordered shipped 16.3 19.2 Shipping time (hours from shipped delivered) 8.7 8.5 Pounds of goods shipped 860,000 797,000 Number of shipments 306 315 a. Compute the following performance metrics for each program: (1) Average number of shipping errors per shipment, rounded to three decimal places. Procedure A: error per shipment Procedure B: error per shipment (2) Hours from ordered to delivered, rounded to one decimal place. Procedure A: hours from ordered to delivered Procedure B: hours from ordered to delivered (3) Average pounds of goods per shipment, rounded to two decimal places. Procedure A: Ibs. of goods per…Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors are buying the same product. Stillwater Designs provides the following information about customer-related activities and costs for the most recent quarter: JITDistributors Non-JITDistributors Sales orders 1,000 100 Sales calls 70 70 Service calls 350 175 Average order size 650 6,500 Manufacturing cost/unit $125 $125 Customer costs: Processing sales orders $3,380,000 Selling goods 1,120,000 Servicing goods 1,050,000 Total $5,550,000 Required: 1. Calculate the total revenues per distributor category, and assign the customer costs to each distributor type by using revenues as the allocation base. Selling price for one unit is $150. Round calculations to the nearest dollar. JIT…Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 60,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit.a. What is the economic ordering quantity?___________Units b. How many orders will be placed during the year? __________Orders c. What will the average inventory be? ____________Units d. What is the total cost of ordering and carrying inventory? $____________
- Carla Vista Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses Annual fixed expenses Overhead Selling expenses Administrative expenses (a) $80 * Your answer is incorrect. 21.20 24 Break even units $9,400,000 Carla Vista can produce 1.5 million cases a year. The projected net income for the coming year is expected to be $2,100,000. Carla Vista is subject to a 40% income tax rate. 6 1,550,000 During the planning sessions, Carla Vista's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 20% in the coming year and that fixed administrative expenses will increase by $120,000. All other costs and expenses are expected to remain the same. 3,250,000 Carla Vista Company's managers are considering expanding the…Che Management of Mittel Company would like to reduce the amount order is shipped. For the first quarter of operations during the current year the following data were reported: time between when a customer places an order and when the Inspection time Wait time (from order to start of production) Process time Move time Queue time 0.3 days 16.7 days 3.1 days 0.9 days 4.2 days ok int Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal plaçe.) 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do tot round intermediate calculations. Round your…1. Your operations team has advised that on average for Inbound, there are 12 palletized 20ft containers and 9 palletized 40ft containers received weekly (Standard 48”x40” pallets). It takes 1.7 hrs to unload 20ft containers and 2.3 Hrs to unload 40ft containers with 1.8 FTE and a forklift truck each time. Due to outbound operations required to function in the afternoon, there are only 6 hours allowed to complete inbound operations. a. Since the lease is expiring, the team needs to source a new warehouse. Based on the inbound activity above, how many loading docks would the site require? b. How many personnel and forklifts are required for the inbound operations daily?