Assignment 4
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Question 1: (20 Marks)
List at least 10 types of environmental impacts over the life cycle of the product shown
in the figure below. Chart these as in Lecture 9A Slide#37, representing your judgment
of the relative impact of each life cycle state.
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Related Questions
In the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carl Betterton's construction company is working:
Activity
Immediate Predecessor(s) Time (days)
3
4
6
6
4
4
6
9
Carl's team should be able to complete the project in
days.
ABCDEFGH
A
A
B
B
C
D
E, F
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In the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carl Betterton's construction company is working:
Activity
Immediate Predecessor(s) Time (days)
3
4
6
6
Carl's team should be able to complete the project in
days.
ABCDEFG I
H
A
A
B
B
C
D
E, F
446 O
9
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In the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carf Beterton's construction company is working
Activity Immediate Predecessor(s) Time (days)
E.F
Carf's team should be able to complete the project in days
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I need this question general accounting
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Please do not give solution in image format thanku
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Preparation of Process Accounts
(Without process losses and no WIP)
Practice Problem 1
Following figures show the cost of a product which passes through
three processes. In January 2020, 1000 units were produced.
Prepare the process accounts and find out cost per unit of each
process.
Particulars Process I (in RO) Process II (in RO) Process III (in RO)
Raw Materials
50,000
30,000
20,000
Wages
30,000
25,000
25,000
Direct Expenses
7,000
3,000
5,000
Overhead expenses were RO 12,000 and it should be apportioned on
the basis of wages.
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I need help and an explanation to under the second part of the equation
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Task 3
Mr. Omar, an Environmental Compliance Officer uses Environmental Cost Accounting
method: Input/Output analysis.
You have the following information:
Output weightage: 1200 Gallons
Scrapped weightage: 200 Gallons
Input weightage: 2000 Gallons
Calculate the percentage (%) of residual wastegate.
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Assessment
Consider the following data for the Assembly Department of Pink Manufacturing Company:
Quantity: Work in Process - May 1
80
Started in May 202A
500
460
120
Completed during May 202A
Work in Process - May 31, 202A
Stage of Completion:
Materials
Conversion costs
Cost Data
Work in Process May 1
90%
40%
P
Materials
49,336
322,000
Work in Process May 31
60%
30%
Conversion Cost
P
9,104
139,200
Work in Process - May 1_
Cost added during May
The Assembly department uses the average method of process costing.
Required: Cost of production report for the month of May.
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time has been 140 minutes, consisting of the following
steps:
Turn off machine and remove fixture from lathe
Go to tool room with fixture
Record replacement of fixture to tool room
Return to lathe
Clean lathe
Return to tool room
Record withdrawal of new fixture from tool room
Return to lathe
Install new fixture and turn on machine
Total setup time
15 minutes
b.
15
18
20
20
20
12
15
5
140 minutes
a. A company plans to setup a machine to increase the
productivity. The average setup time is 140 minutes. Do
you think the management needs to minimize the setup
time. Identify the reason that supports the answer.
a. Yes
b. No
Reason:
a. The setup time is not a concern of the company as it is
not related to productivity of the company.
b. The setup time should be considered because long
setup time leads to increased economic cost of the
setup.
c. The cost incurred for setup can be ignored as it is
related to machinery.
d. Long setup cost can be recovered as depreciation.
A company plans to…
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Simplifying the ABC System: Equally Accurate Reduced ABC Systems
Selected activities and other information are provided for Patterson Company for its most recent year of operations.
Activity
Driver
Quantity
Wafer A
Wafer B
7. Inserting dies
Number of dies
2,200,000
0.7
0.3
8. Purchasing materials
Number of purchase orders
1,900
0.2
0.8
1. Developing test programs
Engineering hours
11,500
0.25
0.75
3. Testing products
Test hours
20,000
0.6
0.4
ABC assignments
$155,000
$155,000
Total overhead cost
$310,000
Required:
1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar.
Inserting dies cost pool
$ 186,000…
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a. The unit cost for materials in Department Y is?
b. The unit cost for conversion cost in Department Y is?
c. The total unit cost for materials in Department X is?
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Determinethestatusofthematerialandlabourfortheconcreteworkof the first floor.
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Chapter 12: Applying Excel: Exercise (Part 2 of 2) (Algo)
2. The company is considering a project involving the purchase of new equipment. Change the data area of your worksheet to match
the following: Use Exhibit 128-1 and Exhibit 128-2. (Use appropriate factor(s) from the tables provided.)
A
B.
Chapter 12: Applying Excel
2
Data
4
Example E
Cost of equipment needed
430,000
45,000
35,000
20,000
6.
Working capital needed
Overhaul of equipment in four years
8.
Salvage value of the equipment in five years
$4
9.
Annual revenues and costs:
435,000
10
Sales revenues
11
Cost of goods sold
245,000
Out-of-pocket operating costs
%24
50,000
12
13
Discount rate
17 %
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Please help me with b2, c1, and c2. Thanks!
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a. The equivalent units of production for conversion cost in Department Y is?
b. The unit cost for materials in Department X is?
c. The unit cost for conversion in Department X is?
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Ac
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1. Determine the total estimated overhead cost for each of the producing departments after allocating the cost of the service department.
A. Using employee headcount as the allocation base.
B. Using occupied space as the allocation base.
C. Using productive capacity as the allocation base.
D. Using the 3-year average use as the allocation base.
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Compute Lead Time
Williams Optical Inc. is considering a new lean product cell.
The present manufacturing approach produces a product in
four separate steps. The production batch sizes are 45
units. The process time for each step is as follows:
Process Step 1
Process Step 2
Process Step 3
Process Step 4
5 minutes
8 minutes
4 minutes
The time required to move each batch between steps is 5
minutes. In addition, the time to move raw materials to
Process Step 1 is also 5 minutes, and the time to move
completed units from Process Step 4 to finished goods
inventory is 5 minutes.
Value-added time
3 minutes
The new lean layout will allow the company to reduce the
batch sizes from 45 units to 3 units. The time required to
move each batch between steps and the inventory locations
will be reduced to 2 minutes. The processing time in each
step will stay the same.
Non-value-added time
Determine the value-added, non-value-added, and total
lead times, and the value-added ratio under the present
and…
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Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month.
Beginning Work in Process
Ending Work in Process
Conversion
Conversion
Complete
Complete
(percent)
(percent)
Month
February
June
September
December
Units
2,000
4,700
3,800
48
66
27
39
Units
Started
23,900
26,400
22,900
Units
Completed
23
36
59
76
Units Started
and
Completed
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Related Questions
- In the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carl Betterton's construction company is working: Activity Immediate Predecessor(s) Time (days) 3 4 6 6 4 4 6 9 Carl's team should be able to complete the project in days. ABCDEFGH A A B B C D E, Farrow_forwardIn the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carl Betterton's construction company is working: Activity Immediate Predecessor(s) Time (days) 3 4 6 6 Carl's team should be able to complete the project in days. ABCDEFG I H A A B B C D E, F 446 O 9arrow_forwardIn the following table the activities with their precedence sequence and expected time (days) are listed for a project on which Carf Beterton's construction company is working Activity Immediate Predecessor(s) Time (days) E.F Carf's team should be able to complete the project in daysarrow_forward
- I need this question general accountingarrow_forwardPlease do not give solution in image format thankuarrow_forwardPreparation of Process Accounts (Without process losses and no WIP) Practice Problem 1 Following figures show the cost of a product which passes through three processes. In January 2020, 1000 units were produced. Prepare the process accounts and find out cost per unit of each process. Particulars Process I (in RO) Process II (in RO) Process III (in RO) Raw Materials 50,000 30,000 20,000 Wages 30,000 25,000 25,000 Direct Expenses 7,000 3,000 5,000 Overhead expenses were RO 12,000 and it should be apportioned on the basis of wages.arrow_forward
- I need help and an explanation to under the second part of the equationarrow_forwardTask 3 Mr. Omar, an Environmental Compliance Officer uses Environmental Cost Accounting method: Input/Output analysis. You have the following information: Output weightage: 1200 Gallons Scrapped weightage: 200 Gallons Input weightage: 2000 Gallons Calculate the percentage (%) of residual wastegate.arrow_forwardAssessment Consider the following data for the Assembly Department of Pink Manufacturing Company: Quantity: Work in Process - May 1 80 Started in May 202A 500 460 120 Completed during May 202A Work in Process - May 31, 202A Stage of Completion: Materials Conversion costs Cost Data Work in Process May 1 90% 40% P Materials 49,336 322,000 Work in Process May 31 60% 30% Conversion Cost P 9,104 139,200 Work in Process - May 1_ Cost added during May The Assembly department uses the average method of process costing. Required: Cost of production report for the month of May.arrow_forward
- time has been 140 minutes, consisting of the following steps: Turn off machine and remove fixture from lathe Go to tool room with fixture Record replacement of fixture to tool room Return to lathe Clean lathe Return to tool room Record withdrawal of new fixture from tool room Return to lathe Install new fixture and turn on machine Total setup time 15 minutes b. 15 18 20 20 20 12 15 5 140 minutes a. A company plans to setup a machine to increase the productivity. The average setup time is 140 minutes. Do you think the management needs to minimize the setup time. Identify the reason that supports the answer. a. Yes b. No Reason: a. The setup time is not a concern of the company as it is not related to productivity of the company. b. The setup time should be considered because long setup time leads to increased economic cost of the setup. c. The cost incurred for setup can be ignored as it is related to machinery. d. Long setup cost can be recovered as depreciation. A company plans to…arrow_forwardSimplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,200,000 0.7 0.3 8. Purchasing materials Number of purchase orders 1,900 0.2 0.8 1. Developing test programs Engineering hours 11,500 0.25 0.75 3. Testing products Test hours 20,000 0.6 0.4 ABC assignments $155,000 $155,000 Total overhead cost $310,000 Required: 1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting dies cost pool $ 186,000…arrow_forwarda. The unit cost for materials in Department Y is? b. The unit cost for conversion cost in Department Y is? c. The total unit cost for materials in Department X is?arrow_forward
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Recommended textbooks for you
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning
Managerial Accounting: The Cornerstone of Busines...
Accounting
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning