1. The Cabin Creek Coal (CCC) Company owns three mines in Kentucky and West Virginia, and it provides coal to four utility power plants. The cost of shipping coal from each mine to each plant, the capacity at each of the three mines, and the demand at each plant are shown in the following table: Plant Mine 1 3 4 Mine Capacity (tons) 1 $7 $9 $10 $12 220 9. 8. 12 170 3 11 14 280 Demand (tons) 110 160 90 180 CCC wants to minimize the costs of shipping coal from its mines to its plants. Formulate algebraically a linear programming model for this problem

1. The Cabin Creek Coal (CCC) Company owns three mines in Kentucky and West Virginia, and it provides coal to four utility power plants. The cost of shipping coal from each mine to each plant, the capacity at each of the three mines, and the demand at each plant are shown in the following table: Plant Mine 1 3 4 Mine Capacity (tons) 1 $7 $9 $10 $12 220 9. 8. 12 170 3 11 14 280 Demand (tons) 110 160 90 180 CCC wants to minimize the costs of shipping coal from its mines to its plants. Formulate algebraically a linear programming model for this problem

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 13P: Venezuela Oil Inc. transports crude oil to its refinery where it is processed into main products...

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4- Our company paid 236,000 TL including 18% VAT to the seller for the machine it acquired to use in its activities, 21,240 TL including 18% VAT to the transport company for its transportation, and 15,000 TL for the assembly of the machine, excluding 18% VAT. What is the total cost of the relevant machine to the enterprise according to the cost cost measure? a) 253,700 TL B) 274,940 TL NS) 257,240 TL D) 233,000 TL TO) 200.000 TL
Remerowski Corporation Inc. asks you to estimate the cost to purchase a new piece of production equipment. The company purchased this same type of equipment in the past for $10,000. The original equipment had a capacity of 2000 units, while the new equipment has a capacity of 1000 units. The power-sizing exponent for this type of equipment is 0.28. In addition, the cost index for this type of equipment was 126 when the original unit was purchased and is now 160. If Remerowski uses an 8% annual interest rate to evaluate equipment purchases, estimate the cost to purchase the new piece.
A company produces two products, product A and product B. Both products are produced by using similar machines and similar methods. The indirect costs of the company are 45 000 €/year. More information regarding product A and product B: Product A Product B Produced items 250/year 7000 items/year Labour hours 2h/item 3h/item Calculate how the indirect costs of the company should be accumulated into two different products, product A and product B. Your answer:
A manufacturer has been offered a contract to manufacture a certain product that will utilize the waste materials from his present product. The new product will use 0.3kg of waste materials per unit which is presently sold by the company for P2.00 per kg. Other materials to be used will cost P0.80 per unit. Direct labor per unit will cost P2.30. The present overhead costs of the company amount to P380,000 plus 40% of the total for direct materials and direct labor costs per year. The buyer will pay the manufacturer per unit an amount equal to the increment costs plus P1.20 profit. Determine the selling price of the manufacturer per unit.
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1. HL Ltd purchased a high speed industrial equipment at a cost of $420,000. Shipping costs totalled $15,000. Foundation work has to be done to house the equipment at HL Ltd’s premises and costs $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labour and testing costs totalled $6,000. Materials used up in testing cost $3,000. Under FRS 16 Property, Plant and Equipment , the capitalised cost of the industrial equipment is: a. $420,000 b. $435,000 c. $446,000 d. $455,000
Madison Electric Company uses a fossil fuel (coal) plant for generating electricity. The facility can generate 900 megawatts (million watts) per hour. The plant operates 600 hours during March. Electricity is used as it is generated; thus, there are no inventories at the beginning or end of the period. The March conversion and fuel costs are as follows:Conversion costs $40,500,000Fuel 10,800,000 Total $51,300,000 Madison also has a wind farm that can generate 100 megawatts per hour. The wind farm receives sufficient wind to run 300 hours for March. The March conversion costs for the wind farm (mostly depreciation) are as follows: Conversion costs $2,700,000a. Determine the cost per megawatt hour (MWh) for the fossil fuel plant and the wind farm to identify the lowest cost facility in March.b. Why are…
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Hrubec Products. Inc., operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow: Selling price $70 Expenses: Variable $42 Fixed (based on a capacity of 50,000 tons per year) 18 60 Net operating income $10 Hrubec Products has just acquired a small company that manufactures paper cartons. Hrubec Products has just acquired a small company that manufactures paper cartons. Hrubec plans to treat its newly acquired Carton division as a profit center. The manager of the Carton Division is currently purchasing 5,000 tons of pulp per year from a supplier at a cost of $63 per ton. Hrubec's resident is anxious for the Carton division to begin purchasing its pulp from the Pulp Division if an acceptable transfer price can be worked out. For (1) and (2) below, assume the Pulp Division can sell all of its pulp to outside customers for $70 per ton. 1. What is the lowest acceptable transfer price from…
ABC limited produces three products at Kariobangi light industries in Nairobi. The following information provide details of the costs, volume and transaction cost drivers for year 2020. Particulars A B C Number of units produced 90,000 30,000 15,000 Direct material (Ksh) 30,000 40,000 15,000 Direct labour (Ksh) 20,000 30,000 10,000 Machine hours per unit (hours) 5 3 7.5 Direct labour hours per unit (hours) 2.5 3 1.5 Number of production setups 5 10 50 Number of packaged deliveries 18 7 50 Number of stores receipts 50 70 700 Number of Engineering orders 45 25 60 The overhead costs are currently absorbed by using a direct labour hour rate and the total of the production overhead for the period has been analysed as follows: Particulars Amount (Ksh) Machining costs 1,000,000 Setup costs 75,000 Stores receiving costs 900,000 Packaging…