MGMR ACCT F/MANAGERS-CONNECT 180-DAY COD
5th Edition
ISBN: 9781265951627
Author: Noreen
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter P, Problem P.2E
To determine
Introduction:The
To explain: The feeling about being yelled for taking 3 minutes extra time to unload 50 more luggage. Also explain the control system of the company.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Madison is the newly appointed manager of spark communication a small computer monitor manfacturing company based out of halifox nova Scottia. During her first few days on the jobs she collected the following data about the company. The company has the capacity to produce 750 monitors per month and is currently producing 525monitors every month and selling it to wholesaler The company is expenses are :rent $4000 per month, salaries of $12500 per month, insurance of $1500 per month , material is of $6 permonth, labour of $35 per month and sales commissions of $19 per month. Each month is sold for $105.
a. What is the contribution margin and the contribution rate?
b. What is the break even volume and break even revenue per month?
c. How much net income per month we earned at the current level of presentation.?
One of the operations in the Wonderland Post Office is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of one letter per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at a keyboard. The manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The manager estimates that there will be an additional 32,364,000 pieces of mail in December, due to the upcoming holiday season.
Assume that the sorting operators are temporary employees. The union contract requires that temporary employees be hired for one month at a time. Each temporary employee is hired to work 145 hours in the month.
a. How many temporary employees should the manager hire for December?fill in the blank 1 employees
b. If each temporary employee earns a standard $20 per hour, what would be the labor time variance if the actual number of additional letters sorted in December was…
One of the operations in the Wonderland Post Office is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of one letter per second. The letter is mechanically sorted from a three-digit code input by an operator sitting at a keyboard. The manager of the mechanical sorting operation wants to determine the number of temporary employees to hire for December. The manager estimates that there will be an additional 23,850,000 pieces of mail in December, due to the upcoming holiday season.
Assume that the sorting operators are temporary employees. The union contract requires that temporary employees be hired for one month at a time. Each temporary employee is hired to work 125 hours in the month.
Chapter P Solutions
MGMR ACCT F/MANAGERS-CONNECT 180-DAY COD
Ch. P - Prob. P.1QCh. P - Pick any major television network and describe...Ch. P - If you had to decide whether to continue making a...Ch. P - Why do companies prepare budgets?Ch. P - Prob. P.5QCh. P - Why is managerial accounting relevant to...Ch. P - Prob. P.7QCh. P - Why do management accountants need to understand...Ch. P - Prob. P.9QCh. P - Pick three industries and describe how the risks...
Ch. P - Pick any large company and explain three ways that...Ch. P - Why do companies that implement Lean Production...Ch. P - Why are leadership skills important to managers?Ch. P - Why are leadership skills important to managers?Ch. P - Prob. P.16QCh. P - Prob. P.17QCh. P - Prob. P.18QCh. P - Why do companies take a physical count of their...Ch. P - Why do companies use sequential prenumbering for...Ch. P - Planning and Control Many companies use budgets...Ch. P - Prob. P.2ECh. P - Prob. P.3ECh. P - Ethics and the Manager Richmond, Inc., operates a...Ch. P - Prob. P.6ECh. P - Ethics In Business Consumers and attorney generals...Ch. P - Prob. P.8ECh. P - Prob. P.9ECh. P - Corporate Social Responsibility In his book...Ch. P - Prob. P.11ECh. P - Cognitive Bias and Decision Making During World...Ch. P - Ethics and Decision Making Assume that you just...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- An order for 50 of a product is processed on work centers A and B. The setup time on A is 45 minutes, and run time is 5 minutes per piece. The setup time on B is 30 minutes,and the run time is 4 minutes per piece. Wait time between the two operations is 8 hours. The move time between A and B is 60 minutes. Wait time after operation B is 8 hours, and the move time into stores is 2 hours. Queue at work center A is 40 hours and at B is 35 hours. Calculate the total manufacturing lead time for the order.arrow_forwardA computer printer in a large administrative office has a printer buffer (memory to store printing jobs) capacity for 3 jobs. If the buffer is full when a user wants to print a file, the user is told that the job cannot be printed and to try again later. There are so many users in this office that it can be assumed that there is an infinite calling population. Jobs arrive at the printer at a Poisson rate of 55 jobs per hour and take an average of 1 minute to print. Printing times are exponentially distributed. What is the probability that a computer user will be told to resubmit a print job at a later time? Group of answer choices 0.0232 0.0399 0.1668 0.2362 0.7638 a number different from all the above How long does a computer user have to wait for their job to be completed? Keep two decimals after rounding for your answer Group of answer choices 1.39 minutes 2.39 minutes 6.72 minutes 8.32 minutes 10.00 minutes 14.17 minutes a number (in minutes) different from all the above Suppose…arrow_forwardThe computer in May’s office is down, and May has been asked to immediately provide an equation to estimate the future purchase cost for part #696. May grabs a calculator and uses the high-low method to estimate a cost equation. What equation does she get?arrow_forward
- CARMAX has several branches island wide. The company imports and sells motor vehicle parts and accessories to retail customers. With the increase in staff complement, the company has decided to implement a computerised wages system. All employees are required to work eight hours daily. The employees' hours are recorded using the magnetic card which is attached to their identification card. When each employee arrives for work, they hold their card close to the card reader. This must be done, as encoded in the reader is the employee's TRN and NIS number, which is linked to the payroll system. The reader recognises the magnetic information on the card, identifying the employee as being 'at work'. When the employee leaves work at the end of the day, the emplovee must log out by ensuring their ID is swiped, as the process is reversed showing that the employee has left work. The information that is used to calculate the employees weekly salary is obtained directly from the magnetic card…arrow_forwardSloane is the general manager for a business. One of Sloane's tasks is to assign extra projects to her employees. These extra projects are supposed to be assigned following a particular order. The extra projects result in additional pay, so the employees are concerned that the extra projects are assigned following the proper procedure. Errors do happen though. Sloane makes an error once every 63 tasks that she assigns. If Sloane were to assign 10 tasks, what is the probability that she would make 3 or more mistakes? (Round your answer to six decimal places.) When Sloane was supposed to assign 10 tasks to Warren, she DID make 3 mistakes. Was Warren treated fairly? yes no What conclusions could you make about the three mistakes? Make sure to explain your conclusion thoroughly. Edit Insert ▾ Formats ▾ B I U ×₁₂ x² A▾ A▾ Question Help: Message instructorarrow_forwardWhat is the cycle time for an order?arrow_forward
- CleanScene Shampoo Manufacturer is in the business of producing shampoo for colour treated hair. Shampoo is manufactured and packaged in 500ml bottles. You received a phone call from their financial manager, Mr. Clear Head, earlier this morning. He informed you that their cost accountant, Ms OeLaLa, eloped with her boyfriend to the Caribbean Islands the previous night. Upon her departure, she failed to complete a performance report. Mr. Clear Head is not impressed by her impulsive actions, as this leaves him with more work than he can possibly handle. He asked if you would be willing to set a performance report for CleanScene Shampoo Manufacturer. He provided the following information, relating to the budget for the year ended 29 February 2020: Description Budget-25 000 bottles Budget-40 000 bottles Direct material R250 000 R400 000 Direct labour R625 000 R1000 000 R187 500 R300 000 R370 000 R520 000 R150 000 R180 000 R1000 000 R1000 000 R600 000 R600 000 Maintenance Electricity cost…arrow_forwardplease answer within 30 minutes.arrow_forwardplease help mearrow_forward
- Nathaniel installs mufflers at NUBD Company. He is paid 500 per hour and an extra 100 per hour for every hour over 40 that is worked in a given week. Last week he worked 50 hours with 2 of these correctly classified as idle time. How much of Nathaniel’s wages last week should be included in manufacturing overhead cost?arrow_forwardFoto-Fast Copy Shop provides a variety of photocopying and printing services. On June 5, the owner invested in some computer-aided photography equipment that enables customers to reproduce a picture or illustration, input it digitally into the computer, enter text into the computer, and then print out a four-color professional quality brochure. Prior to the purchase of this equipment, Foto-Fast Copy Shop’s overhead averaged $37,500 per year. After the installation of the new equipment, the total overhead increased to $90,000 per year. Foto-Fast Copy Shop has always costed jobs on the basis of actual materials and labor plus overhead assigned using apredetermined overhead rate based on direct labor hours. Budgeted direct labor hours for theyear are 7,500, and the wage rate is $8 per hour.Required:1. What was the predetermined overhead rate prior to the purchase of the new equipment?2. What was the predetermined overhead rate after the new equipment was purchased?3. Suppose Rick Anselm…arrow_forwardA company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 5 workers. who together produced an average of 60 carts per hour. Workers receive $13 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $12 per hour. while output increased by 6 carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 3 decimal places.) Before After b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 3 decimal places.) Before After carts per worker per hour carts per worker per hour Labor productivity Multifactor…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Property, Plant and Equipment (PP&E) - Introduction to PPE; Author: Gleim Accounting;https://www.youtube.com/watch?v=e_Hx-e-h9M4;License: Standard Youtube License