Johnson Electronics manufactures a routers. The demand for the part is 7,3 manufacturing operations, each in sec s 46 hours per week, using two shifts
Q: Ryerson Company has three sales departments, each contributing the following percentages of total sa...
A: The question is related to the Probability rate of occurred in the clothing department M.
Q: In performing risk assessment procedures for property, plant and equipment, an auditor may inquire o...
A: Lets understand the basics. Risk assessment procedure is performed by the auditor to obtain understa...
Q: The finance director of the Bethandy Independent School District is making preliminary estimates of ...
A:
Q: DATA Units Per Unit Description Inventory on hand Purchase Date Jan 1 1,000 2$ 4 Jan 3 3,000 2$ Jan ...
A: Last in first out is also written as LIFO. It is the method used for valuation of material and endin...
Q: On january 1, 2022, a company issued P2,000,000, 16% bonds at 102. Each P1,000 bonds has one detacha...
A: Amount received on issuance of bonds (P2000000 * 102%) P20,40,000 Fair market value of bonds witho...
Q: Nicanor, a Non-Resident Alien residing in Canada, bought 20,000 (@par value of Php 100) shares of st...
A: As per the provisions of BIR . a non-resident alien is charged for in...
Q: Explain monetary and fiscal measures that should be implemented by the government to cool down an ov...
A: Monetary policy means the management of the money supply and interest rates by central banks. To str...
Q: Ivanhoe Leasing Company agrees to lease equipment to Shamrock Corporation on January 1, 2020. The fo...
A: Given, 1. The term of the lease is 7 years with no renewal option, and the machinery has an estimate...
Q: (a) How much is the order quantity based on EOQ model? (b) How much is the total cost using EOQ ,mod...
A: EOQ is the acronym of economic order quantity; it is that level of quantity which is ordered by the ...
Q: on of a small bus
A: The TWDV is defined as, TWDV = Original Value – Capital Allowance Or Capital Allowance = Original Va...
Q: Kingbird publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $22 pe...
A: Journal entries are being used to keep track of monetary transactions. You create a journal entry by...
Q: On January 1, 2010, Peter Company purchased 80% of the common stock of Pan Company for P316,000. On ...
A: You have posted multiple questions. so only the first three interlink parts of the first questions a...
Q: 41. SCHEDULE OF EXPANDED WITHHOLDING TAX (EWT) Income Payment EWT Income Payment EWT Profession...
A: Expenses like rent, professional fees, sub-contracted services are subject to withholding tax in Phi...
Q: You audited the financial statements of PIS Corp. for the first time in 2022. The company started it...
A: Calculation of Net income in 2020. Particulars 2020 2021 2022 Net income 65,500 97,000 115,700...
Q: Group 7 Mrs. Agustin is wholesale trader; following transactions are record in Accounting Equation? ...
A: Accounting equation: It is a financial equation or a metric that shows the total of company's assets...
Q: Selected operating data for two divisions of Outback Brewing, Limited, of Australia are given below:...
A: Margin refers to the net earnings of the entity in relation to its sales.
Q: On October 1, 2021, Chrysanthemum Co. purchased equipment by issuing a 9% promissory note with face ...
A: Lets understand the basics. When any asset is purchased against the notes payable then interest expe...
Q: QUESTION 2 Kaanapali Merchandising had the following transactions during November: Nov 1 Beginning i...
A: Journal is the basic book of recording transactions which incurred are recorded.
Q: Susan is looking for a method of how she could calculate and interpret the financial ratio so as to ...
A: Benchmarking: Under this method, some benchmarks are set and the actual results are evaluated by com...
Q: Which of the following are assets? (Select all that apply.) O Land Supplies Expense Wages Payable
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...
Q: Lampport Industries GHT. is dedicated to the manufacture of games for children from 2 years of age, ...
A: In variable costing we calculate contributio margin by deducting variable costs f...
Q: At the begining of 2020, Flynne Company decided to change from the LIFO to the FIFO inventory cost f...
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the quest...
Q: Under MACRS and GAAP the acquisition cost is not fully depreciated leaving a residual value. True ...
A: Residual value is the term which is used in depreciation and it is defined as the amount of value wh...
Q: On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a...
A: In the above question, there are 2 separate questions, the first one is relating to Notes and 2nd is...
Q: 4 Lukin Corporation reports the following first year production cost information: Units produced Uni...
A: Absorption Costing: Absorption costing, often known as "full costing," is a management accounting ap...
Q: If the bonus is based on the profit after taxes but before bonus, how much is the bonus of L?
A: Bonus is the amount receive in addition to salary for additional efforts put in by the partner. In t...
Q: Mathura publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $22 per...
A: If you use accounting software or outsource your accounting, your journal entries may not be visible...
Q: asota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $ 160,000...
A: Answer- Calculation of Profit Margin - Formula,. Profit Margin = Net Income/ Net Sales. Given, ...
Q: How much withholding tax on compensation will Near Eastern University. withhold on the salary of Nic...
A: Withholding tax is the amount of tax which has been deducted by the company during the period and wh...
Q: The total current debts is Php500,000.00 while the total liquid assets is Php300,000.00. What is the...
A: Solution Liquidity ratio Measure a company's ability to pay debt obligations and its margin of safet...
Q: Brady Manek spends $500,000 on leasehold improvements. It will cost $50,000 to remove the improvemen...
A:
Q: h. Assume that accounts receivable at December 31, 2020, totaled $310 million. Calculate the number ...
A: Accounts receivable: Accounts receivables refer to the amount of money due to the organization for w...
Q: CDE3. From the following, construct a bank reconciliation with heading for Woody Co. as of May 31, 2...
A: Please see Step 2 for the required information.
Q: Which of the following would most likely be considered as a separate performance obligation in a fra...
A: Lets understand the basics. As per IAS 115, one of the criteria is to identify performance obligati...
Q: Problem 3 plant-wide overhead rate is used based on direct labor hours as cost allocation base. manu...
A: By dividing the production overhead cost by the activity driver, the predetermined overhead rate is ...
Q: Grapes Company provided the following selected transactions related to contingencies. The fiscal yea...
A: The key principle established by the Standard is that a provision should be recognized only when the...
Q: Alta Company is constructing a production complex that qualifies for interest capitalization. The fo...
A: Borrowing costs relating to the acquisition, construction, and production of a qualifying asset shou...
Q: In the issuance of treasury bills (T-bills) the government is the a. Debtor b. Creditor c. Guarantor...
A: The treasury bills are the financial instruments for the business which are used to raise money from...
Q: Weighted average cost per unit = per unit. Cost Cost of Goods Allocation Cost of Goods Sold Ending I...
A: Sales = (50 units x $120) + (25 units x $125) = $6000 + $3125 = $9125 Cost of Goods Available = (100...
Q: Phil Corporation gave Manager A, a resident citizen grocery allowance worth P 39,000 How much is th...
A: Fringe benefit tax: It implies to a financial levy that is imposed or charged on the extra benefits ...
Q: What amount should be reported as accrued liability on December 31, 2023? What amount should b...
A: 1. As the Grapes Company became aware in December 2023 that Engineering flaw in the product poses a ...
Q: Sunland AG, which began operations at the beginning of 2020, produces various products on a contract...
A: Meaning: A journal entry is the first step and an essential function of the accounting process. Jour...
Q: the Outlets at Mill Lake, Inc., purchased inventory costing $42,000 by signing a 7%, six-month, shor...
A: Inventory: Inventories are the items of raw materials, WIP, and Finished goods which are used for pr...
Q: On March 2, Cullumber Company sold $835,000 of merchandise on account to Bramble Company, terms 2/10...
A: Sales = $835,000 Cost of goods sold = $585,000
Q: 48.) PLEASE ANSWER NOW PLEASE
A: Capital gain tax is calculated on principal residence @ 6% of the hig...
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of ...
A: Operating income is the excess of contribution margin over the fixed cost.It can be calculated by de...
Q: The commencement date of the l
A: Introduction A lease is recorded in the books of the lessee as the right to use asset and a lease ...
Q: Discuss the legal effect of incorporation or registration of a Limited Liability Partnership. State ...
A: A limited liability partnership is a separate legal and business entity from its partners. Only afte...
Q: E10-4B. L. Murray Day Care Services has calculated the following amounts for an employee during the ...
A: Employees are paid with the wages and salaries . At the time of payment of wages, some deductions ne...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Use the following information for Exercises 5-44 through 5-46: The following six situations at Diviney Manufacturing Inc. are independent. a. A manual insertion process takes 30 minutes and 8 pounds of material to produce a product. Automating the insertion process requires 15 minutes of machine time and 7.5 pounds of material. The cost per labor hour is 12, the cost per machine hour is 8, and the cost per pound of materials is 10. b. With its original design, a gear requires 8 hours of setup time. By redesigning the gear so that the number of different grooves needed is reduced by 50%, the setup time is reduced by 75%. The cost per setup hour is 50. c. A product currently requires 6 moves. By redesigning the manufacturing layout, the number of moves can be reduced from 6 to 0. The cost per move is 20. d. Inspection time for a plant is 16,000 hours per year. The cost of inspection consists of salaries of 8 inspectors, totaling 320,000. Inspection also uses supplies costing 5 per inspection hour. The company eliminated most defective components by eliminating low-quality suppliers. The number of production errors was reduced dramatically by installing a system of statistical process control. Further quality improvements were realized by redesigning the products, making them easier to manufacture. The net effect was to achieve a close to zero-defect state and eliminate the need for any inspection activity. e. Each unit of a product requires 6 components. The average number of components is 6.5 due to component failure, requiring rework and extra components. Developing relations with the right suppliers and increasing the quality of the purchased component can reduce the average number of components to 6 components per unit. The cost per component is 500. f. A plant produces 100 different electronic products. Each product requires an average of 8 components that are purchased externally. The components are different for each part. By redesigning the products, it is possible to produce the 100 products so that they all have 4 components in common. This will reduce the demand for purchasing, receiving, and paying bills. Estimated savings from the reduced demand are 900,000 per year. 5-44 Nonvalue-Added Costs Refer to the information for Diviney Manufacturing on the previous page. Required: Estimate the nonvalue-added cost for each situation.Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be sold, but up to 1,000 units of each of the other components can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The profit contributions for components 1, 2, and 3 are 8, 6, and 9, respectively. a. Formulate and solve for the recommended production quantities. b. What are the objective coefficient ranges for the three components? Interpret these ranges for company management. c. What are the right-hand-side ranges? Interpret these ranges for company management. d. If more time could be made available on the grinder, how much would it be worth? e. If more units of component 3 can be sold by reducing the sales price by 4, should the company reduce the price?Use the following information for Exercises 5-44 through 5-46: The following six situations at Diviney Manufacturing Inc. are independent. a. A manual insertion process takes 30 minutes and 8 pounds of material to produce a product. Automating the insertion process requires 15 minutes of machine time and 7.5 pounds of material. The cost per labor hour is 12, the cost per machine hour is 8, and the cost per pound of materials is 10. b. With its original design, a gear requires 8 hours of setup time. By redesigning the gear so that the number of different grooves needed is reduced by 50%, the setup time is reduced by 75%. The cost per setup hour is 50. c. A product currently requires 6 moves. By redesigning the manufacturing layout, the number of moves can be reduced from 6 to 0. The cost per move is 20. d. Inspection time for a plant is 16,000 hours per year. The cost of inspection consists of salaries of 8 inspectors, totaling 320,000. Inspection also uses supplies costing 5 per inspection hour. The company eliminated most defective components by eliminating low-quality suppliers. The number of production errors was reduced dramatically by installing a system of statistical process control. Further quality improvements were realized by redesigning the products, making them easier to manufacture. The net effect was to achieve a close to zero-defect state and eliminate the need for any inspection activity. e. Each unit of a product requires 6 components. The average number of components is 6.5 due to component failure, requiring rework and extra components. Developing relations with the right suppliers and increasing the quality of the purchased component can reduce the average number of components to 6 components per unit. The cost per component is 500. f. A plant produces 100 different electronic products. Each product requires an average of 8 components that are purchased externally. The components are different for each part. By redesigning the products, it is possible to produce the 100 products so that they all have 4 components in common. This will reduce the demand for purchasing, receiving, and paying bills. Estimated savings from the reduced demand are 900,000 per year. 5-45 Driver Analysis Refer to the information for Diviney Manufacturing on the previous page. Required: CONCEPTUAL CONNECTION For each situation, identify the possible root cause(s) of the activity cost (such as plant layout, process design, and product design).
- A manufacturing cell within a value stream is structured with four processes and associated processing times (for one unit): Molding: 6 minutes Grinding: 5 minutes Polishing: 5 minutes Finishing: 4 minutes How many units can the cell produce per hour (on a continuous running basis)? a. 3 units per hour b. 12 units per hour c. 15 units per hour d. 10 units per hourPlata Company has identified the following overhead activities, costs, and activity drivers for the coming year: Plata produces two models of microwave ovens with the following activity demands: The companys normal activity is 21,000 machine hours. Calculate the total overhead cost that would be assigned to Model X using an activity-based costing system: a. 230,000 b. 240,000 c. 280,000 d. 190,000Cozy, Inc., manufactures small and large blankets. It estimates $950,000 in overhead during the manufacturing of 360,000 small blankets and 120,000 large blankets. What is the predetermined overhead rate if a small blanket takes 2 hours of direct labor and a large blanket takes 3 hours of direct labor?
- Cozy, Inc., manufactures small and large blankets. It estimates $350,000 in overhead during the manufacturing of 75,000 small blankets and 25,000 large blankets. What is the predetermined overhead rate if a small blanket takes 1 machine hour and a large blanket takes 2 machine hours?CodeHead Software Inc. does software development. One important activity in software development is writing software code. The manager of the WordPro Development Team determined that the average software programmer could write 25 lines of code in an hour. The plan for the first week in May called for 4,650 lines of code to be written on the WordPro product. The WordPro Team has five programmers. Each programmer is hired from an employment firm that requires temporary employees to be hired for a minimum of a 40-hour week. Programmers are paid 32.00 per hour. The manager offered a bonus if the team could generate more lines for the week, without overtime. Due to a project emergency, the programmers wrote more code in the first week of May than planned. The actual amount of code written in the first week of May was 5,650 lines, without overtime. As a result, the bonus caused the average programmers hourly rate to increase to 40.00 per hour during the first week in May. Instructions 1. If the team generated 4,650 lines of code according to the original plan, what would have been the labor time variance? 2. What was the actual labor time variance as a result of generating 5,650 lines of code? 3. What was the labor rate variance as a result of the bonus? 4. The manager is trying to determine if a better decision would have been to hire a temporary programmer to meet the higher programming demand in the first week of May, rather than paying out the bonus. If another employee was hired from the employment firm, what would have been the labor time variance in the first week? 5. Which decision is better, paying the bonus or hiring another programmer?Johnson Electronics manufactures a power supply used in a variety of electronics products, including printers, modems, and routers. The demand for the part is 7,500 units per week. The production of the power supply requires six different manufacturing operations, each in sequence and each having the following processing times. The net available time to work is 52 hours per week, using two shifts. Operation Operation 1 Operation 2 Operation 3 Operation 4 Operation 5 Operation 6 Required: 1. What is the Takt time, in seconds, for this product? (Round your final answer to the nearest whole number.) Takt time Processing Time (seconds) 23 20 25 22 30 25 Yes No seconds per unit 2. Is the processing line properly balanced for this product?
- Johnson Electronics manufactures a power supply used in a variety of electronics products, including printers, modems, and routers. The demand for the part is 7,400 units per week. The production of the power supply requires six different manufacturing operations, each in sequence and each having the following processing times. The net available time to work is 46 hours per week, using two shifts. Processing Time Operation (seconds) Operation 1 16 Operation 2 13 Operation 3 22 Operation 4 15 Operation 5 28 Operation 6 19 Required: 1. What is the Takt time, in seconds, for this product? (Round your final answer to the nearest whole number.) Takt time seconds per unit 2. Is the processing line properly balanced for this product? Yes ○ NoJohnson Electronics manufactures a power supply used in a variety of electronic products, including printers, modems and routers. The demand for the part is 7,600 units per week. The production of the power supply requires six different manufacturing operations, each in sequence and each having the following process time the net available time to work is 48 hours per week, using two shifts Operation Process time (seconds) Operations 1 18 Operations 2 15 Operations 3 23 Operations 4 17 Operations 5 26 Operations 6 21 Required: What is the Takt time, in seconds, for this product? Round answer to nearest whole numberSilven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity $138,000 Number of setups 10,200 Number of orders 92,400 Machine hours 18,480 Receiving hours phones with the following expected activity demands: Setting up equipment Ordering materials Machining Receiving Silven produces two models of cell Model X 5,000 80 200 6,600 385 Units completed Number of setups Number of orders Machine hours Receiving hours Required: Model Y 10,000 40 400 4,950 770 120 600 11,550 1,155