DGT Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times (days) were recorded per order: Wait time 13.9 Inspection time 0.4 Process time 3.2 Move time 0.7 Queue time 2.8 Required: a. Compute the throughput time. b. Compute the manufacturing cycle efficiency (MCE). c. What percentage of the production time is spent in non-value-added activities? d. Compute the delivery cycle time.
Q: The following information is about the cash balances for Mooner Sooner Inc.: Company balance: $5,020…
A: The bank reconciliation statement is prepared to balance the passbook and company book accounts with…
Q: 2: Consigned Goods ABC Co. consigned goods costing P10,000 to XYZ, Inc. Transportation costs of…
A: Given Consigned goods costing P10,000 Transportation cost P2000 Repairs P500 Advance commission…
Q: On December 31, 2021, Maroon Co. leased an equipment with a cost of P2,000,000 to Green Co. for…
A: Residual value is of two types-one is guaranteed residual value and the other is unguaranteed…
Q: 35. X Co generates a 12 per cent contribution on its weekly sales of P280,000. A new product, Z, is…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: What is standard cost ? Explain four purposes of standard costing. NB: This concept should be in…
A: Solution:- Standard cost means as follows under:-
Q: What amount should be capitalized initially as cost of the leased property?
A: Lease refers to a contract between two parties under which one party who is the real owner of an…
Q: A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in 2020…
A: GIVEN A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in…
Q: On January 1, 2018, Laica Company purchased a patent from an original patentee for P2,400,000. The…
A: Intangible Assets Example for Intangible assets are goodwill, patent, Trademark, copyright etc.…
Q: December 31, 2020 Sy General Services has an estimated uncollectible 1% of its accounts receivable.…
A: According to principle of conservatism, a business can make provision for future losses or expected…
Q: Credits always increase which accounts? Assets, Liabilities and Common Stock Liabilities, Revenues…
A: Lets understand the basics. As per golden rule of accounting, all asset accounts and expense…
Q: On January 1, 2021, Maroon Company entered into a five-year nonrenewable operating lease, commencing…
A: A lease is an agreement where the owner of the asset transfers the right of use of the asset to the…
Q: Explain four types of standard in Performance Management Accounting.
A: performance management standard or those standard that has been set up by the regulating body to…
Q: 0. Aira invested ₱ 7,000.00, part at 4% and the remainder at 8% simple interest. How much is…
A: Interest means the extra amount which we received because of investment made and will be paid in…
Q: The financial statement that is also known as the statement of financial position is called the:…
A: All four options given in the question are parts financial statements. An entity's financial…
Q: Montello Inc. purchases a delivery truck for $14,000. The truck has a salvage value of $2,000 and is…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Asif Company acquired machinery on January 1, 2014 with an amount AED84,000. The useful life of the…
A: Under Straight line method, a constant amount of depreciation is charged each year. Formula:…
Q: -1,000 -1,200 -1,300
A: Given; First cost of equipment= $17500 Year Operating cost Salvage value 1 -1000 7000 2…
Q: Level of Activity 2000 units 3500 units 6000 units Revenue Variable costs…
A: Formula: Contribution Margin = Sales - Variable costs Contribution Margin per unit = Contribution…
Q: SLO-1.2. The principle requires that expenses be allocated to the period that they helped create…
A: Incomes and expenses are part of the business. Thus, recognising them in each which period and year…
Q: rrently operates in Trinidad. The company is considering setting up another location in either…
A: Disclaimer : “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: Figure: A block rests against a spring. The spring, with the block against it, is then compressed a…
A: Based on the information provided in the previous question, 1) We need to calculate How much time…
Q: GAAP stands for:
A: GAAP stands for Generally Accepted Accounting Principles
Q: When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory…
A: Formula used: Total cost = Direct materials + Direct labor + Factory overhead Summation of direct…
Q: On January 1, 2020 , Athena Company entered into a ten-year noncancelable lease requiring year-end…
A: Lease is the agreement between two parties in which one gives the asset to the other to use without…
Q: Hardin Company is a division of a major corporation. The following data are for the latest year of…
A: GIVEN Hardin Company is a division of a major corporation. The following data are for the latest…
Q: The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account…
A: In preparation of closing journal entries all temporary accounts are transferred Permanent accounts.…
Q: Hazel Gird's products come with a one-year warranty. In 2014, sales totaled 2,500 units. It is…
A: As per the accrual method of accounting, the expenditure which is related to a particular year…
Q: Wallen Corporation is considering eliminating a department that has an annual contribution magin of…
A: Annual financial advantage(disadvantage) for the company of eliminating this department = Savings of…
Q: NOWV2 | Online teachin X + rn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession…
A: The ratio analysis helps to analyse the financial statements of the business. Accounts receivables…
Q: Salary paid to administration staff is an example of a direct cost. TRUE or FALSE?
A: Direct cost: Direct cost is the cost which is directly related to production process. Indirect cost…
Q: Preliminary plans are underway for construction of a new stadium for a major league baseball team.…
A: Solution:- Introduction:- Break-even point means total revenues equals to total expenses At…
Q: Freeman, Inc. began operations on January 1, 2020. During 2020, the company engaged in the following…
A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…
Q: Discuss buying back stock and splitting shares as ways in which the rate of return of stocks is…
A: The rate of return on stocks is the net gain or loss on the amount invested on stocks over a…
Q: On September 1, 2022, Darren Co. borrowed P150,000 from BPI by issuing 8% note due August 31, 2023,…
A: Note: Interest amount should be recognized on the amount borrowed. Accounts receivables pledged as…
Q: SLO-3.1. The financial statement that reports assets, liabilities, and owner's equity is the OIncome…
A: The financial statements are the reports prepared to record the financial activities of the business…
Q: Required information [The following information applies to the questions displayed below.] The…
A: 1. Accounting Equation - Accounting Equation is calculated using following equation - Assets =…
Q: What is the amount of net income after tax that Vignette Company should report for the year 2021?…
A: The percentage of completed contract method is used to account for long-term construction contracts…
Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell…
A: LIFO means last in first out . It is a method to value the inventory and cost of goods sold. Gross…
Q: A call center agent receiving a monthly salary of P21,000 with mandatory annual deductions of…
A: In order to determine the annual Gross income, the annual deductions are required to be subtracted…
Q: 14. What is the fixed portion of Miramax's electricity expense rounded to the nearest peso? Miramax…
A: When some cost is showing combined effect of variable and fixed cost i.e. it is semi variable and…
Q: 37. How many kg of material were available for use in production? A company uses limiting factor…
A: Number of kg of material available for use in production is = summation of optimal production…
Q: On July 1, 2022, Jenks Company purchased the copyright to Jackson Computer tutorials for $216,000.…
A: Amortization is the reduction in the worth of intangible assets over a period of its useful life.
Q: The recorded allowance for doubtful accounts should be increased by
A: Uncollectible accounts are those accounts for which it is estimated that due amount will not be…
Q: QUESTION S Matthew (48 at year-end) develops cutting-edge technology for SV, Inc. located in Silicon…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: tax in Barbados. He decided to buy a large piece of land. The land was hilly, so he blasted it to…
A: Capital gains taxes are required on the earnings from the sale of most assets if they are maintained…
Q: 13. Inventory turnover is gene a more important ratio for a manufacturing firm than a service firm O…
A: Financial ratios are computed to test profitability, short-tern solvency, long-term solvency and…
Q: Duke Company pays its outside salespersons fixed monthly salaries and commissions based on net…
A: Sales commission is the commission accrued on sales done by the company. The sales commission would…
Q: Prepare a monthly operating budget for the first quarter with the following schedule
A: Budget is a estimation for the forecast within a certain period of times. As there are various…
Q: A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company…
A: Introduction:- Accounting principles are the rules and guidelines that companies must follow at the…
Q: Problem 9-6 Estimated Payments (LO 9.2) Kana is a single wage earner with no dependents and taxable…
A: A tax is a governmental organization's mandatory financial obligation or other form of levy enforced…
DGT Corporation's management keeps track of the time it takes to process orders. During the
most recent month, the following average times (days) were recorded per order:
Wait time 13.9
Inspection time 0.4
Process time 3.2
Move time 0.7
Queue time 2.8
Required:
a. Compute the throughput time.
b. Compute the manufacturing cycle efficiency (MCE).
c. What percentage of the production time is spent in non-value-added activities?
d. Compute the delivery cycle time.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on receiving orders and receiving cost. Now suppose that Tracy has gathered 2 more months of data: Note: For the following requirements, round the intercept terms to the nearest dollar, round the variable rates to the nearest cent, and R2 to two decimal places. Required: 1. Run two regressions using a computer spreadsheet program such as Excel. First, use the method of least squares on the first 10 months of data. Then, use the method of least squares on all 12 months of data. Write down the results for the intercept, slope, and R2 for each regression. Compare the results. 2. CONCEPTUAL CONNECTION Prepare a scattergraph using all 12 months of data. Do any points appear to be outliers? Suppose Tracy has learned that the factory suffered severe storm damage during Month 11 that required extensive repairs to the receiving areaincluding major repairs on a forklift. These expenses, included in Month 11 receiving costs, are not expected to recur. What step might Tracy, using her judgment, take to amend the results from the method of least squares? 3. CONCEPTUAL CONNECTION Rerun the method of least squares, using all the data except for Month 11. (You should now have 11 months of data.) Prepare a cost formula for receiving based on these results, and calculate the predicted receiving cost for a month with 1,450 receiving orders. Discuss the results from this regression versus those from the regression for 12 months of data.Schlarbaum Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Wait time: Inspection tine Process time Move time Queue time Days Required: a. Compute the throughput time. (Round your answer to 1 decimal places.) b. Compute the manufacturing cycle efficiency (MCE). (Do not round intermediate calculations. Round your answer to nearest whole percentage.) a Throughput time b. MCE 17.4 0.2 2.2 0.2 3.5 c. What percentage of the production time is spent in non-value-added activities? (Round your intermediate calculations and final answer to nearest whole percentage.) d. Compute the delivery cycle time. (Round your answer to 1 decimal place.) c Percentage of non-value-added activities d Delivery cycle time. days % % days DTraya Corp.'s management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Wait time is 10.6 days; Inspection time 0.2 day; Process time 2.6 days; Move time 0.6 days; Queue 3.2 days. a. Compute the throughput time b. Compute the manufacturing cycle efficiency c. What percentage of the production time is spent in non-value added activities? d. Compute the delivery cycle time With solution pls
- Carpentaria Corporation's management attempts to track the time it takes to process orders. During the most recent month, the following average times were recorded per order (in hours): 6.4 1.1 Wait time Inspection time Move time Queue time If the Manufacturing cycle efficiency was 12%, what was the average processing time during the month? 0.9 2.2Schlarbaum Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Days Wait time 13.2 Inspection time 0.7 Process time 1.6 Move time 0.6 Queue time 2.2 Required: a. Compute the throughput time. (Round your answer to 1 decimal places.) b. Compute the manufacturing cycle efficiency (MCE). (Do not round intermediate calculations. Round your answer to nearest whole percentage.) c. What percentage of the production time is spent in non-value-added activities? (Do not round intermediate calculations. Round your answer to nearest whole percentage.) d. Compute the delivery cycle time. (Round your answer to 1 decimal place.)Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 18.3 Process time 1.1 Inspection time 0.1 Move time 2.0 Queue time 9.1 The manufacturing cycle efficiency (MCE) was closest to:
- Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. It provided the following data for a recent quarter: Inspection time Wait time (from order to start of production) Process time Move time Queue time Required: 1. Compute the throughput time. Note: Round your answer to 1 decimal place. 0.6 day 16.7 days 3.1 days 0.5 day 4.1 days 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. Note: Round your percentage answer to nearest whole percent. 3. What percentage of the throughput time was spent in non-value-added activities? Note: Round your percentage answer to nearest whole percent. 4. Compute the delivery cycle time. Note: Round your intermediate calculations and final answer to 1 decimal place. 5. If using Lean Production eliminates all queue time, what will be the new MCE? Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place. 1. Throughput time 2.…Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time Process time Inspection time Move time. Queue time The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice O 0.51 O 0.10 0.15 Hours 20.8 2.5 0.3 2.9 5.0 O 0.23Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Move time Wait time Queue time Process time Inspection time Multiple Choice 0.36 The manufacturing cycle efficiency (MCE) was closest to: (Round your Intermediate calculations to 1 decimal place.) 0.06 0.04 Hours 2.4 0.14 31.9 28.4 2.0 0.4
- Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time. Process time Inspection time Hours 28.0 1.0 0.4 3.2 5,1 Move time Queue time The delivery cycle time was: (Round your intermediate calculations to 1 decimal plate.)Management of Mittel Company would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time Wait time (from order to start of production) Process time Move time Queue time Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.) 1. Throughput…Pinkton Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Move time Hours 2.4 Wait time 29.2 Queue time 12.5 Process time 0.6 Inspection time 0.3 The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.)