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- Required Calculate the total cost & quotation price of Job #B4000, given that a margin of 20% is applied. Can I have a step by step calculation showing how the margin of 20% is applied.Cost of the three alternative methods of processing work in an office is stated below:A-Manual: Total fixed cost PM=3,000Variable cost per case=48B-Semi-Automatic:Total fixed cost PM=9,000Variable cost per case=28C-Fully automatic:Total fixed cost PM=25,000Variable cost per case=8Identify the indifference and state your results. For what volume of cases it will be preferred between each of A, B and C?Ethics in action Dash Riprock is a cost analyst with Safe Insurance Company. Safe is applying standards to its claims payment operations. Claims payment is a repetitive operation that could be evaluated with standards. Dash used time and motion studies to identify an ideal standard of 36 claims processed per hour. The Claims Processing Department manager, Henry Tudor, has rejected this standard and has argued that the standard should be 30 claims processed per hour. Henry and Dash were unable to agree, so they decided to discuss this matter openly at a joint meeting with the Vice President of Operations, who would make a final decision. Prior to the meeting, Dash wrote the following memo to the Vice President: To: Anne Boleyn, Vice President of Operations From: Dash Riprock Re: Standards in the Claims Processing Department As you know, Henry and I are scheduled to meet with you to discuss our disagreement about the appropriate standards for the Claims Processing Department. I have conducted time and motion studies and have determined that the ideal standard is 36 claims processed per hour. Henry argues that 30 claims processed per hour would be more appropriate. I believe he is trying to pad the budget with some slack. Im not sure what he is trying to get away with, but I believe a tight standard will drive efficiency up in his area. I hope you will agree when we meet with you next week. Discuss the ethical and professional issues in this situation.
- For a typical order, assume the following times (in hours): storage time (in between processes), 4.0; inspection time, 2.0; move time (from process to process), 3.0; and manufacturing (processing) time, 6.0. Given this information, what is the manufacturing cycle efficiency (%)? (Hint: Refer to Exhibit 14.14.) (Round your answer to 1 decimal place. (e.g., 32.463% = 32.5%))This exercise is using the question in the picture, but replacing some of the information as listed below. Please answer question 2 & 3 from the question in the picture, with the changed information. *Assume Direct Labor workers make $20 per hour, so with the given labor cost per job, you can determine the number of hours worked. CHANGE the Exercise to say that Overhead is applied at the rate of $32 per direct labor hour. ALSO CHANGE to say that Job #39 and Job #40 were completed and sold, while Job #41 and Job #42 are complete but not sold, and Job #43 is not completed yet.*Now that your worksheet has been saved as JOB2, fill in the appropriate data for Job 8961. Save the results as JOB8961 and print the completed job cost sheet when done. Check figure: Cost of Job 8961 (cell G31), 16,229.35.
- For this problem, I understood to take the predetermined overhead rate, and I even knew to use to the numbers the solution does. My question is for the predetermined overhead rate the solution got .60 from dividing 45,990/5110. Dividing 5110 into 45,990 gives an answer of 9. So where did the .60 come from in the problem?What is the correct choice? Field Legal Services is trying to determine the variable and fixed elements of its service overhead. The following data have been collected from recent activity: Total Service Overhead Cases Worked March $22,900 112 April 20,800 98 May 26,400 138 The formula for total service overhead costs is a. $5,600 + $140 per case. b. $5,600 + $40 per case. c. $7,823 + $134.62 per case. d. $7,080 + $140 per case.Traya Corp.'s management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Wait time is 10.6 days; Inspection time 0.2 day; Process time 2.6 days; Move time 0.6 days; Queue 3.2 days. a. Compute the throughput time b. Compute the manufacturing cycle efficiency c. What percentage of the production time is spent in non-value added activities? d. Compute the delivery cycle time With solution pls
- On Chapter 6 Problem 3 in Cost, the formula should be Estimated Overhead/Estimated Allocation Base. When I put in 210,490 / 88,700 = 2.37. This is the wrong answer. I need ideas on the correct way to work the problem, please. Thank you and thank you for your time.Schlarbaum Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Days Wait time 13.2 Inspection time 0.7 Process time 1.6 Move time 0.6 Queue time 2.2 Required: a. Compute the throughput time. (Round your answer to 1 decimal places.) b. Compute the manufacturing cycle efficiency (MCE). (Do not round intermediate calculations. Round your answer to nearest whole percentage.) c. What percentage of the production time is spent in non-value-added activities? (Do not round intermediate calculations. Round your answer to nearest whole percentage.) d. Compute the delivery cycle time. (Round your answer to 1 decimal place.)Required: 1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550? 2. Assume that Landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach: a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550. c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
