c. Evaluate the three engineering improvements together to determine if the required cost Do not round interim calculations but round your final answers to two decimal places. 1. Direct labor reduction 3.75 V per unit 2. Additional inspection %24 -2.50 X per unit 3. Injection molding productivity improvement 24 ৪.00 X per unit Total savings 16.75 per unit
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- Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $325 and has a product cost of $260, as follows: Line Item Description Amount Direct materials $190 Direct labor 50 Factory overhead 20 Total $260 It is estimated that the competitive selling price for color laser printers of this type will drop to $310 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $7 per unit.3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead are related to running injection…Millennium Printers Inc. manufactures color laser printers. Model L-1819 presently sells for $150 and has a total product cost of $120, as follows: Direct materials $90 Direct labor 20 Factory overhead 10 Total $120 It is estimated that the competitive selling price for color laser printers of this type will drop to $140 next year. Millennium Printers wants to establish a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas: Purchase a plastic printer cover with snap-on assembly. This will reduce the amount of direct labor by nine minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $3 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead is related to running injection molding machines. The direct…Instant Image Inc. manufactures color laser printers. Model J20 presently sells for $455 and has a product cost of $218, as follows: Cost Driver Dollar Amount Direct materials $165 Direct labor 35 Factory overhead 18 Total 218 It is estimated that the competitive selling price for color laser printers of this type will drop to $400 next year. Instant Image has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 15 minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $20 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Forty percent of the direct labor and 48% of the factory overhead are related…
- Millennium Printers Inc. manufactures color laser printers. Model L-1819 presently sells for $150 and has a total product cost of $120, as follows: Direct materials $90 Direct labor 20 Factory overhead 10 Total $120 It is estimated that the competitive selling price for color laser printers of this type will drop to $140 next year. Millennium Printers wants to establish a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas: Purchase a plastic printer cover with snap-on assembly. This will reduce the amount of direct labor by nine minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $3 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead is related to running injection molding machines. The direct…Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $700 and has a product cost of $560, as follows: Direct materials $400 Direct labor 110 Factory overhead 50 Total $560 It is estimated that the competitive selling price for color laser printers of this type will drop to $670 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $14 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead are related to running injection molding machines. The direct labor…Millennium Printers Inc. manufactures color laser printers. Model L-1819 presently sells for $375 and has a total product cost of $300, as follows: Direct materials $220 Direct labor 60 Factory overhead 20 Total $300 It is estimated that the competitive selling price for color laser printers of this type will drop to $360 next year. Millennium Printers wants to establish a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ideas: Purchase a plastic printer cover with snap-on assembly. This will reduce the amount of direct labor by nine minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $8 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 45% of the factory overhead is related to running injection molding machines. The direct…
- Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $575 and has a product cost of $460, as follows: Direct materials $330 Direct labor 90 Factory overhead 40 Total $460 It is estimated that the competitive selling price for color laser printers of this type will drop to $550 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $12 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are related to running injection molding machines. The direct labor…Target Costing Laser Cast Inc. manufactures color laser printers. Model J20 presently sells for $600 and has a product cost of $480, as follows: Line Item Description Amount Direct materials $350 Direct labor 90 Factory overhead 40 Total $480 It is estimated that the competitive selling price for color laser printers of this type will drop to $570 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $12 per unit.3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are related to…8. Instant Image Inc. manufactures color laser printers. Model J20 presently sells for $455 and has a product cost of $218, as follows: Cost Driver Dollar Amount Direct materials $165 Direct labor 35 Factory overhead 18 Total 218 It is estimated that the competitive selling price for color laser printers of this type will drop to $400 next year. Instant Image has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: i. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 15 minutes per unit. ii. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $20 per unit. iii. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Forty percent of the direct labor and 48% of the factory overhead are related to running injection…
- Target Costing Instant Image Inc. manufactures color laser printers. Model J20 presently sells for $460 and has a product cost of $230, as follows: Direct materials $175 Direct labor 40 Factory overhead 15 Total $230 It is estimated that the competitive selling price for color laser printers of this type will drop to $400 next year. Instant Image has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 15 minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $20 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Forty percent of the direct labor and 48% of the factory overhead are related to running injection molding…Target Costing Laser Cast, Inc., manufactures color laser printers. Model J20 presently sells for $625 and has a total product cost of $500, as follows: Direct materials $360 Direct labor 100 Factory overhead 40 Total $500 It is estimated that the competitive selling price for color laser printers of this type will drop to $590 next year. Laser Cast has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $13 per unit. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are related to running injection molding…Target Costing Laser Impressions Inc. manufactures color laser printers. Model J20 presently sells for $575 and has a product cost of $460, as follows: Line Item Description Amount Direct materials $330 Direct labor 90 Factory overhead 40 Total $460 It is estimated that the competitive selling price for color laser printers of this type will drop to $550 next year. Laser Impressions has established a target cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unit.2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by $12 per unit.3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labor and 42% of the factory overhead are…