Apples & Oranges Inc. is trying to become more efficient in shipping goods. It is experimenting with two new shipping procedure initiatives aimed at achieving this strategic objective. The company has provided the following data regarding the two procedures after one month of implementation: Shipping Procedure A Shipping Procedure B Number of shipping errors 105 132 Hours from ordered shipped 16.3 19.2 Shipping time (hours from shipped delivered) 8.7 8.5 Pounds of goods shipped 860,000 797,000 Number of shipments 306 315 a. Compute the following performance metrics for each program: (1) Average number of shipping errors per shipment, rounded to three decimal places. Procedure A: error per shipment Procedure B: error per shipment (2) Hours from ordered to delivered, rounded to one decimal place. Procedure A: hours from ordered to delivered Procedure B: hours from ordered to delivered (3) Average pounds of goods per shipment, rounded to two decimal places. Procedure A: Ibs. of goods per shipment Procedure B: Ibs. of goods per shipment

Apples & Oranges Inc. is trying to become more efficient in shipping goods. It is experimenting with two new shipping procedure initiatives aimed at achieving this strategic objective. The company has provided the following data regarding the two procedures after one month of implementation: Shipping Procedure A Shipping Procedure B Number of shipping errors 105 132 Hours from ordered shipped 16.3 19.2 Shipping time (hours from shipped delivered) 8.7 8.5 Pounds of goods shipped 860,000 797,000 Number of shipments 306 315 a. Compute the following performance metrics for each program: (1) Average number of shipping errors per shipment, rounded to three decimal places. Procedure A: error per shipment Procedure B: error per shipment (2) Hours from ordered to delivered, rounded to one decimal place. Procedure A: hours from ordered to delivered Procedure B: hours from ordered to delivered (3) Average pounds of goods per shipment, rounded to two decimal places. Procedure A: Ibs. of goods per shipment Procedure B: Ibs. of goods per shipment

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The management of International Cookwares believes that delivery performance measures must be improved if the company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders. • Process time: 4 days • Wait time to the start of production: 15 days • Move time: 3 days ● Inspection time: 2 days • Queue time during the production process: 8 days What is the delivery cycle time?
An airport Baggage Handing Department has evaluated two proposals for baggage delivery conveyor systems. A present worth analysis at i = 15% per year of estimated revenues and costs resulted in PWA = $460,000 and PWB = $395,000. In addition to this economic measure, three more attributes were independently assigned a relative importance score from 0 to 100 by the department manager and a senior team supervisor. Importance Scores Attribute Manager Supervisor 1. Economics 80 25 2. Durability 35 80 3. Safety 30 100 4. Maintainability 20 90 Separately, you have used the four attributes to value rate the two proposals on a scale of 0 to 1.0 as shown in the following table. (The economics attribute was rated using the PW values.) Value Rating Attribute Proposal A Proposal B 1. Economics 1.00 0.90 2. Durability 0.35 0.50 3. Safety 1.00 0.20 4. Maintainability 0.25 1.00 Select the better proposal using each of the following methods: (a) Weighted evaluation of the department manager (b)…
United Systems is one of the country’s largest distributors of servers and video-conferencing technology. Recently, the company successfully expanded into three new markets. The company’s CFO needs to perform a post-audit to examine the feasibility of expansion into more new markets. Which of the following would be part of the post-audit? Check all that apply. Explaining why the company spent three times more on shipping products than what was forecast Comparing the company’s actual sales volume in the new markets to the company’s expected sales volume in the new markets Determining which markets the company should expand into next When a firm is forced to employ capital rationing, it generally means that the firm has positive NPV projects than it can finance.
as
EBI Solar uses a high-tech process to turn silicon wafers into tinysolar panels. These efficient and inexpensive panels are used topower low-energy, hand-held electronic devices. Last year, EBISolar turned their inventory 4.5 times and had a cost of goodssold of $2.5 million. Assuming 52 business weeks per year: a. Express last year’s average inventory in weeks of supply.b. After several supply chain improvement initiatives, in-ventory investment has dropped across all inventorycategories. While EBI’s cost of goods sold is not expected to change from last year’s level, the value of raw materialshas dropped to $100,500; work-in-process to $25,800; andfinished goods to $16,200. Assuming 52 business weeksper year, express EBI’s current total inventory level inweeks of supply and inventory turns.
Oaklands Manufacturing LtdOaklands Manufacturing Ltd. produces a health drink which it sells in health shops and gyms across the country. The business has been doing well and an examination of its results for the month of July showed that it had produced and sold 500 more bottles of the drink than the expected 4,000 units of Product A during July. Despite the increased number of bottles produced the business is pleased to find that its manufacturing costs have actually decreased overall, and management are keen to identify the individual variances to see where savings were made, or where costs increased.The following are the actual results for July as produced by the management accountant. Materials (4,200 litres drink mix) Direct employee labour (15,000 hours) Variable overhead based on labour hrs Fixed overheadsTotal actual manufacturing cost£37,800 63,000 79,500 69,000249,300 The company never carries stocks of materials, finished goods, or work-in-progress.The following was the…
Please solve with hte full step thank u
Dog
A quality control activity analysis indicated the following four activity costs of a hotel. Verifying credit card information $486,000 Customer service training 364,500 Discounting room rates due to poor customer service 243,000 Correcting charges to customer invoices 121,500 Total $1,215,000 Sales are $8,100,000 for the year. Prepare a cost of quality report. Round your answers to one decimal place, if necessary. Cost of Quality Report Quality Cost Percent of Quality Cost Percent of Total Quality Cost Classification Total Sales $ Prevention Appraisal Internal failure External failure Totals % 100 % % %
Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. The company has been experiencing losses for many months. In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement for May is given below. Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) Variable expenses: Total variable expenses Traceable fixed expenses: Total traceable fixed expenses Common fixed expenses: Total common…
Blossom Decor sells home decor items through three distribution channels-retail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results from the latest year are as follows: Sales revenue Variable expenses Direct fixed expenses Average assets Required rate of return (a) Retail Online Catalog $ $ Retail Stores Internet $ $10,120,000 4,070,000 4,570,000 8,070,000 12% $4,070,000 Residual Income. 1,620,000 1,120,000 4,070,000 12% Calculate the current residual income for each distribution channel. (If the residual income is a loss then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Catalog Sales $3,400,000 1,920,000 1,320,000 1,610,000 12%
Each day, a FedEx competitor processes approximately 50,000 shipments. Suppose that they use the same Service Quality Index as FedEx and identified the following numbers of errors during a 5-day week (see the "FedEx: Measuring Service Performance" box). These values are hypothetical and do not reflect any real company’s actual performance. Description Weight Number of Errors Complaints reopened 3 130 Damaged packages 10 19 International 1 107 Invoice adjustments 1 282 Late pickup stops 3 200 Lost packages 10 3 Missed proof of delivery 1 28 Right date late 1 751 Traces 3 111 Wrong day late 5 16 Compute the Service Quality Indicator by finding the weighted sum of errors as a percentage of total shipments. Do not round intermediate calculations. Round your answer to three decimal places. Service Quality Indicator (SQI): %