Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000 chairs.

Cycle Time and Velocity Bemidii Company has the following data for one of its production departments: Theoretical velocity: 620 units per hour Productive minutes available per year: 31,000,000 Annual conversion costs: $186,000,000 Actual velocity: 310 units per hour Required: 1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute. Round your actual cycle time answer to three decimal places and your cost per unit answer to the nearest cent. Actual cycle time Standard cost per minute Conversion cost per unit 2. Calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute. If required, round your intermediate calculations and final answers to two decimal places. Theoretical cycle time minutes per unit per unit Conversion cost per unit What incentive exists for managers when cycle time costing is used? minutes per unit $ per minute per unit 3. What if the actual velocity is 434 units per hour?…

Could you please answer all the reuired fields correctly.

Family Fun Time, Inc. makes board games. The following data pertains to the last six months: Manufacturing Overhead Direct Labor Hours 45,000 63,000 57,000 Month 1 Month 2 Month 3 Month 4 Month 5 $247,250 $178,200 $165,500 Month 6 Based on this data, what is the linear cost equation? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) 52,000 34,000 24,000 O A. y = $0.26X + $152,500 O B. y = $5.40X + $33,100 O C. y = $3.91X + $71,670 O D. Cannot be determined from information given. $295,000 $318,000 $323,000