Indicate the value-added production activities.

Question

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Answer 1

Question

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation Q.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

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L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: 1. Assume that 5% of the L.L. Bean boots are returned by customers for various reasons. L. Bean has a 100% refund policy for returns, no matter what the reason. What would the journal entry be to accrue L.L. Bean's sales returns for this one pair of boots? (Note: L.L. Bean most likely will make…

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Answer 2

Question

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation Q.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

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Answer 3

Question

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation Q.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation Q.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

b.

To determine

Indicate the non-value-added production activities.

c.

To determine

Compute the cycle time for Corporation Q.

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

Answer 6

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

Answer 7

Chapter 19, Problem 1BP

a.

To determine

Indicate the value-added production activities.

Answer 8

b.

To determine

Indicate the non-value-added production activities.

Answer 9

b.

To determine

Indicate the non-value-added production activities.

Answer 10

c.

To determine

Compute the cycle time for Corporation Q.

Answer 11

c.

To determine

Compute the cycle time for Corporation Q.

Answer 12

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

Answer 13

d.

To determine

Compute the manufacturing efficiency ratio for Corporation Q.

Answer 14

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

Answer 15

e.

To determine

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

Answer 16

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

Answer 17

f.

To determine

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

Answer 18

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Answer 19

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Answer 20

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Answer 21

Ch. 19 - Prob. 1STQ Ch. 19 - Prob. 2STQ Ch. 19 - 3. JUT inventory systems strive to: a. Cultivate...Ch. 19 - 4. Which of the following would not be considered...Ch. 19 - Prob. 5STQ Ch. 19 - 1. What are three important criteria for...Ch. 19 - 2. Suppose you are interested in opening up a new...Ch. 19 - 3. What activities would make up the marketing and...Ch. 19 - 4. Distinguish between value-added and...Ch. 19 - 5. Assume you are the manager of the finished...

Indicate the value-added production activities.

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Indicate the value-added production activities.

Indicate the non-value-added production activities.

Compute the cycle time for Corporation Q.

Compute the manufacturing efficiency ratio for Corporation Q.

Indicate the activities that could be eliminated, if Corporation Q implements just-in-time (JIT) inventory system.

Indicate the positive and negative consequences, if few non-value-added activities are eliminated.

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Chapter 19 Solutions