The actual cost of producing and carrying units in inventory using MRP system.

Question

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Answer 1

Question

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

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Direct materials used totaled $65,750; direct labor incurred totaled $199,400; manufacturing overhead totaled $344,800; Work in Process Inventory on January 1, 2004, was $186,100; and Work in Process Inventory on December 31, 2004, was $191,600. What is the cost of goods manufactured for the year ended December 31, 2004?

Answer 2

Question

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Answer 6

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

Answer 7

Chapter 20, Problem 20.27P

1.

To determine

To compute: The actual cost of producing and carrying units in inventory using MRP system.

Answer 8

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

Answer 9

2.

To determine

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

Answer 10

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

Answer 11

3.

To determine

To compute: The actual cost of producing and carrying units in inventory using JIT system.

Answer 12

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Answer 13

4.

To determine

To explain: The MRP system and JIT system and there advantages and disadvantages.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

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The actual cost of producing and carrying units in inventory using MRP system.

To compute: The actual cost of producing and carrying units in inventory using MRP system.

The optimum batch size and number of batches also calculate the annual cost of producing and carrying if the company uses optimal batch size. Compare this cost with the cost calculated in part1.

To compute: The actual cost of producing and carrying units in inventory using JIT system.

To explain: The MRP system and JIT system and there advantages and disadvantages.

Want to see the full answer?

Chapter 20 Solutions