9. Diorio Corporation keeps careful track of the time required to fill orders. The timesrecorded for a particular order appear below:HoursMove time2.7Wait time21.1|Queue timeProcess time5.31.4Inspection time0.1The delivery cycle time was:A. 8 hoursB. 29.1 hoursC. 2.7 hoursD. 30.6 hours

9. Diorio Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time Wait time Queue time Process time 2.7 21.1 5.3 1.4 Inspection time 0.1 The delivery cycle time was: A. 8 hours B. 29.1 hours C. 2.7 hours D. 30.6 hours

9. Diorio Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time Wait time Queue time Process time 2.7 21.1 5.3 1.4 Inspection time 0.1 The delivery cycle time was: A. 8 hours B. 29.1 hours C. 2.7 hours D. 30.6 hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q1Prepare the production budget in units. Q. Use the production budget to: a. Find the budgeted number of setups and setup-hours and the allocation rate for setup costs. b. Find the budgeted total machine-hours and the allocation rate for processing costs. c. Find the budgeted total units produced and the allocation rate for inspection costs.
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours 19.3 2.1 1.1 3.0 10.1 Wait time Process time Inspection time Move time Queue time The delivery cycle time was: Multiple Choice 3.0 hours 32.4 hours 13.1 hours 35.6 hours
A spreadsheet modeler creates a spreadsheet to calculate each employee's total wages for a time period. After completing the model, the analyst feels there is an error. Interpret the auditing information shown below to determine which of the following statements is TRUE. B C $11.50 per hour A 1 2 Wage 345 4 Employee Hours Total Wages 1 6 2. $460.00 99$402.50 7 3 28 $322.00 8 4 17 9 5 25 $195.50 $287.50 10 There is no error in the model. The model is incorrect because it is using the wrong information for the employee hours. The model is incorrect because it is using the wrong wage information. O The model is incorrect because it is using the wrong information for the employee hours and the model is incorrect because it is using the wrong wage information are both true.
11. Diorio Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below. What was the manufacturing cycle efficiency (MCE) closest to? Hours Move time 2.7 Wait time 21.1 Queue time 5.3 Process time 1.4 Inspection time 0.1 A. 0.05 В. 0.45 С. 0.18 D. 0.15
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e) Actual overhead costs for the month mount to $42000. Overhead costs has not been paid in cash yet, will be paid later. Debit Credit Db Cr
20-20 (Objectives 20-2, 20-3) Following are some of the tests of controls and substantive tests of transactions procedures often performed in the payroll and personnel cycle. (Each procedure is to be done on a sample basis or using audit software.)Reconcile the monthly payroll total for direct manufacturing labor with the labor cost distribution. Examine the time card for the approval of a supervisor. Recompute hours on the time card and compare the total with the total hours for which the employee has been paid. Perform a surprise payroll payoff and observe employees picking up and signing for their checks. Compare the employee name, date, check number, and amounts on canceled checks with the payroll journal. Trace the hours from the employee time records to job tickets to make sure that the total reconciles, and trace each job ticket to the job-cost record. Use audit software to account for the sequence of payroll checks in the payroll journal.RequiredIdentify whether each of the…
Ee 450.
Current Attempt in Progress The Assembly Department of Concord Company has the following production and cost data at the end of May, 2022, its first period of operations. Production: Manufacturing Costs: Prepare a production cost report for the month of May using weighted-average process costing. (Do not leave any answer field blank. Enter O for amounts.) (Round unit costs answers to 2 decimal places, e.g. 52.75.) QUANTITIES Units to be accounted for Work in process inventory, May 1 Started into production 34,200 units started into production; 28,500 units completed and transferred out and 5,700 units 100% completed as to materials and 40 % completed as to conversion costs. Materials added at beginning of process, $112,860; labor, $85,500; overhead $77,634. Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, May 31 Total units accounted for Q Search Physical Units CONCORD COMPANY Assembly Department-Production Cost Report For the…
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