FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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GroovyPunch manufactures handmade pillows. Their process consists of two stations: (1)
cutting the pattern; (2) stitching and stuffing. Processing information for each station is
provided in the following table.
Station
Processing Time (min) per unit
# Workers
1) Cutting
25
9
Other important process parameters are provided as follows:
• The production process operates for 9 hours per day.
• Fixed operating costs not including wages are $325 per day.
• All workers are paid $14 per hour.
• Customer demand for finished apparel is 241 units per day.
• The net revenue (less variable cost of materials) per unit is $39.
Calculate the profit per day.
• Round your answer to the nearest tenth of a dollar.
2) Stitching
26
7
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Transcribed Image Text:GroovyPunch manufactures handmade pillows. Their process consists of two stations: (1) cutting the pattern; (2) stitching and stuffing. Processing information for each station is provided in the following table. Station Processing Time (min) per unit # Workers 1) Cutting 25 9 Other important process parameters are provided as follows: • The production process operates for 9 hours per day. • Fixed operating costs not including wages are $325 per day. • All workers are paid $14 per hour. • Customer demand for finished apparel is 241 units per day. • The net revenue (less variable cost of materials) per unit is $39. Calculate the profit per day. • Round your answer to the nearest tenth of a dollar. 2) Stitching 26 7
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