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Concept Introduction:
Manufacturing Cycle Time − The Manufacturing Cycle Time is the time duration of manufacturing a product. It is the conversion of a raw material into finished products.
Requirement 1:
The Manufacturing Cycle Time for a Manufacturer
Concept Introduction:
Value added Time − The Value added Time is the process time required for a product to get a specific feature or the value in that particular time of manufacturing.
Requirement 2:
The Value added Time for a manufacturer.
Concept Introduction:
Non-Value added Time − The Non-Value added Time is the period of manufacturing cycle which comprises of Wait time, Inspection time, Move time and the Queue time. It means, the value in process of manufacturing are not been added. And, the time duration which the non-value added time is taking is a period after the manufacture of a product or services had been done.
Requirement 3:
The Non-Value added Time for a manufacturer.
Concept Introduction:
Manufacturing cycle efficiency − The Manufacturing cycle efficiency is the time period required in manufacturing of products which has a value once it has attain the final output version.
Requirement 4:
The Manufacturing Cycle Efficiency for a Manufacturing Company.
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Chapter D Solutions
FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT
- A company had expenses other than the cost of goods sold of $280,000. Determine sales and gross profit given that the cost of goods sold was $120,000 and net income was $180,000. A. Sales: $580,000; Gross Profit: $60,000 B. Sales: $580,000; Gross Profit: $460,000 C. Sales: $460,000; Gross Profit: $580,000 D. Sales: $400,000; Gross Profit: $180,000 E. Sales: $400,000; Gross Profit: $60,000arrow_forwardSUBJECT: GENERAL ACCOUNTINGarrow_forwardGet correct solution and accountingarrow_forward
- Provide Answerarrow_forwardSupply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $ 28,435 April 11,450 $ 28,344 May 11,982 $ 28,583 June 12,700 $ 28,906 July 11,714 $ 28,462 August 11,200 $ 28,231 September 11,994 $ 28,588 October 11,685 $ 28,449 November 11,833 $ 28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.arrow_forwardCorrect answer pleasearrow_forward
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