Livingston Fabrication has created the following aggregate plan for the next five months: August September November 1,500,000 1,500,000 3,000,000 Forecasted Demand (units of finished goods): Production Plan: 2,000,000 a. 64 b. none 2,000,000 c. 112 d. 224 October 2,000,000 Assume that Livingston will have nothing in inventory at the end of July. Livingston employs 1,000 production assembly workers and it takes one production assembly worker 5 minutes to assemble one unit of finished good. (The unit is complete at that point.) Each production assembly worker can provide 150 hours of assembly time a month without requiring overtime pay. e. 145 2,000,000 2,000,000 Livingston wants to complete this plan without working any overtime in assembly. Logically, how many additional production assembly workers should Livingston hire to start in August? December 500,000 2,000,000

Livingston Fabrication has created the following aggregate plan for the next five months: August September November 1,500,000 1,500,000 3,000,000 Forecasted Demand (units of finished goods): Production Plan: 2,000,000 a. 64 b. none 2,000,000 c. 112 d. 224 October 2,000,000 Assume that Livingston will have nothing in inventory at the end of July. Livingston employs 1,000 production assembly workers and it takes one production assembly worker 5 minutes to assemble one unit of finished good. (The unit is complete at that point.) Each production assembly worker can provide 150 hours of assembly time a month without requiring overtime pay. e. 145 2,000,000 2,000,000 Livingston wants to complete this plan without working any overtime in assembly. Logically, how many additional production assembly workers should Livingston hire to start in August? December 500,000 2,000,000

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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Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming 5 months follow: January 40,000 February 50,000 March 60,000 April 60,000 May 62,000 The following data pertain to production policies and manufacturing specifications followed by Allison Manufacturing: Finished goods inventory on January 1 is 32,000 units, each costing $166.06. The desired ending inventory for each month is 80% of the next month's sales. The data on materials used are as follows: Direct Material Per-Unit Usage DM Unit Cost ($) Metal 10 lbs. 8 Components 6 5 Inventory policy dictates that sufficient materials be on hand at the end of the month to produce 50% of the next month's production needs. This is exactly the amount of material on hand on December 31 of the prior year. The direct labor used per unit of…
The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 11, 200 2nd Quarter 8,500 3rd Quarter 8,600 4th Quarter 10,980 Units to be produced Each unit requires 0.55 direct labor-hours, and direct laborers are paid $16.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost Rordan Corporation Direct Labor Budget 2nd Quarter 1st Quarter 3rd Quarter 4th Quarter Year
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Current Attempt in Progress Each production worker can produce 6 wooden chairs per hour. During the month of June, Vaughn, Inc. has forecasted sales of 109000 chairs. The beginning inventory was 980 chairs, and desired ending inventory is 2590 chairs. How many hours of direct labour must be budgeted to meet production needs? O 17898 O 18167 O 17572 O 18435
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