Christmas Express makes wreaths in batch sizes of 34. The cutting and assembly process takes 5 minutes per wreath, and the decorating process time is 8 minutes per wreath. It takes 5 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time fill in the blank 1 minutes Non-value-added lead time: Move time fill in the blank 2 Within-batch wait time fill in the blank 3 Total lead time fill in the blank 4 minutes b. Compute the value-added ratio.
Q: Wentworth Company makes fabric-covered hatboxes. The company began September with 500 boxes in…
A: Beginning work in process to be completed = 100% -80% already complete = 20% to be completed during…
Q: The HoneyButter Company makes flavored butter in 1 pound containers. At the beginning of March, the…
A: In the first table, information about the units is filled, like, beginning units, units started,…
Q: Lead Time Rough Riders Inc. manufactures jeans in the cutting and sewing process. Jeans are…
A: Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time…
Q: Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean…
A: Value-added lead time is the end consequence of all the valuable efforts to complete the process.…
Q: Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional…
A: Value added ratio is calculated by dividing value added lead time by total lead time. A good…
Q: A. What are the standard hours per chest? B. What is the standard cost per chest for labor? Round…
A: a.)what are the standard hours per chest 5 hours b.)what is the standard cost per chest for labor…
Q: Spiro Company manufactures molded candles that are finished by hand. The company developed the…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: The following six situations at Diviney Manufacturing Inc. are independent.a. A manual insertion…
A: You have asked multiple questions which are completely different as each situation is different…
Q: Gumbrecht Company has the following departmental manufacturing layout for one of its plants: 12…
A: 1.
Q: Zachary Company manufactures molded candles that are finished by hand. The company developed the…
A: Variance analysis is conducted to determine the variation or difference between budgeted target and…
Q: Always Christmas makes artificial Christmas trees in two departments: Cutting and Boxing. In the…
A: The production cost report is a statement prepared in the process costing system that gives out…
Q: Montross Lumber processes wood to be shipped to construction companies. In order to keep its…
A: Inspection cost: The inspection cost is the cost incurred to examine the quality of the products.…
Q: Q.Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead…
A:
Q: 1. ABC Co. manufactures desks in the finishing and assembly process. Desks are manufactured in 20…
A: Value added time is the actual time taken for the improvement or progression of the product or it is…
Q: A liquid detergent manufacturing company produces one of its detergent product using two processes,…
A: Process costing is a method of costing used mainly in the production process where units are…
Q: Vernon Company manufactures molded candles that are finished by hand. The company developed the…
A:
Q: Rene is working with the operations manager to determine what the standard labor cost is for a spice…
A: Select and mill = 1 hour Wood and Cuts = 30 minutes or 0.5 hour Assembles and sands = 2 hours Finish…
Q: The final assembly for each stereo unit requires 21 minutes and is also done in batches of 50 units.…
A: Cycle time is the time between two outputs produced by the machine. It consist of value added time…
Q: The Sandstone Corporation uses an injection molding machine to make a plastic product, Z35, after…
A:
Q: Always Christmas makes artificial Christmas trees in two departments: Cutting and Boxing. In the…
A: In a costing system when the summarized data related to the flow of costs and units is required,…
Q: Leery Manufacturing produces a gameboard called the Maze. The company has recently established a…
A: Variance refers to a divergence from the predetermined rates, expressed ultimately in money value,…
Q: Given that it takes an employee about 16 seconds to lift, close, fill, and shelve a jar of peanut…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: A company manufactures products in batches of 200 on one machine. If the company works 8 hours per…
A: Factors of production- Factors of production are inputs used in the creation or manufacture of…
Q: Christmas Express makes wreaths in batch sizes of 24. The cutting and assembly process takes 3…
A: (a) Value added lead time = Cutting and assembly time + Decorating processing time = 3…
Q: The following data is available for a one month period: Deluxe Plain Quantity produced 10,000…
A: Total cost to manufacture plain sweatshirt = Direct materials cost + Conversion costs = $48,000 +…
Q: Rene is working with the operations manager to determine what the standard labor cost is for a spice…
A: The calculation of standard hours per chest and standard cost per chest is shown hereunder :
Q: Rene is working with the operations manager to determine what the standard labor cost is for a spice…
A: Standard cost means pre-determined cost. These costs explain what should be the cost of a product…
Q: Sound Tek Inc. manufactures electronic stereo equipment testing, and shipping. In the PC board…
A: In the PC board assembly operation, assembling electronic components into printed circuit boards. As…
Q: Christmas Express makes wreaths in batch sizes of 24. The cutting and assembly process takes 3…
A: Value added is the time spent in adding values to the product and services. It is calculated by…
Q: McAlisters Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost…
A: Manufacturing cost of the business includes direct material cost, direct labour cost and overhead…
Q: Christmas Express makes wreaths in batch sizes of 18. The cutting and assembly process takes 3…
A: Value added is the time spent in adding values to the product and services. The value-added ratio is…
Q: Bright Lamp Company has budgeted its conversion cost for small lamp production as $85,000 for 1,300…
A: Please find the answers to the above questions below:
Q: Sister Company makes super-premium cake mixes that go through two processing departments, Blending…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: 'Paper Pulp Company purchases trees form Manila seedling and processes them up to the split-off…
A: Total joint cost at split- off point isP15000 Sales value for 30000* sheets of paper = 30000*0.40…
Q: Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following…
A: At the end of each budget period, the budget for terminating completed products inventory computes…
Q: Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional…
A: The value-added ratio (VAR) refers to the time spent to add value to a product/service and is…
Q: Spiro Company manufactures molded candles that are finished by hand. The company developed the…
A: Information related to line of drip candle is mentioned below: Amount of direct material per candle…
Q: Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean…
A: Value-added time = Cutting time + Sewing time = 5 + 20 = 25…
Q: Lead time includes ___, ___, and ___. Value-added time, wait time and other non-value-added time.…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Nash Corporation manufactures and sells custom snowmobiles. From the time an order is placed till…
A: Manufacturing cycle efficiency formula, =Value added time / Throughput time
Q: Bismite Corporation purchases trees from Cheney lumber and processes them up to the split - off…
A: Under the sales value at split-off point method of allocating the joint costs, the sales price is…
Q: Rene is working with the operations manager to determine what the standard labor cost is for a spice…
A: A) Standard hour per chest : Time Taken by first employee + Time taken by 2nd employee to cut wood…
Q: Oakwood Company produces maple bookcases. The following information is available for the production…
A: 1.
Q: [The following information applies to the questions displayed below] Iguana, Inc., manufactures…
A: Budgeting - Budgeting is the estimation of revenue and expense to be incurred in future periods on…
Q: Christmas Express makes wreaths in batch sizes of 14. The cutting and assembly process takes 6…
A: Given; Batch size = 14 Cutting and assembling per wreath = 6 minutes Decorating process time = 15…
Q: A manufacturer of thermostats uses a kanban system tocontrol the fl ow of materials. Th e packaging…
A: Kanban (Japanese for sign) seems to be a technique of stock control being used just-in-time (JIT)…
Q: Bright Lamp Company has budgeted its conversion cost for small lamp production as $85,000 for 1,300…
A: (a). Particulars Debit Credit Raw and in process inventory 72000 =4000*18…
Q: Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional…
A: Value-added ratio = Value-added time / Total lead time
Q: Jackson Fabricators Inc. machines metal partS TOI he dutomove mOusuryUnu e two processes: milling…
A: Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time…
Christmas Express makes wreaths in batch sizes of 34. The cutting and assembly process takes 5 minutes per wreath, and the decorating process time is 8 minutes per wreath. It takes 5 minutes to move the wreaths from the cutting and assembly process to the decorating process.
a. Compute the value-added, non-value-added, and total lead times of the wreath process.
| Value-added lead time | fill in the blank 1 | minutes |
| Non-value-added lead time: | ||
| Move time | fill in the blank 2 | |
| Within-batch wait time | fill in the blank 3 | |
| Total lead time | fill in the blank 4 | minutes |
b. Compute the value-added ratio. Round to one decimal place.
fill in the blank 5 %
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 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. 5-46 Type of Activity Management Refer to the information for Diviney Manufacturing on the previous page. Required: For each situation, identify the cost reduction measure: activity elimination, activity reduction, activity sharing, or activity selection.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.Calculate 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: 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. 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. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (A) present and (B) proposed production approaches. (Round percentages to one decimal place.)
- Jacson Company produces two brands of a popular pain medication: regular strength and extra strength. Regular strength is produced in tablet form, and extra strength is produced in capsule form. All direct materials needed for each batch are requisitioned at the start. The work orders for two batches of the products are shown below, along with some associated cost information: In the Mixing Department, conversion costs are applied on the basis of direct labor hours. Budgeted conversion costs for the department for the year were 60,000 for direct labor and 190,000 for overhead. Budgeted direct labor hours were 5,000. It takes one minute of labor time to mix the ingredients needed for a 100-unit bottle (for either product). In the Bottling Department, conversion costs are applied on the basis of machine hours. Budgeted conversion costs for the department for the year were 400,000. Budgeted machine hours were 20,000. It takes one-half minute of machine time to fill a bottle of 100 units. Required: 1. What are the conversion costs applied in the Mixing Department for each batch? The Bottling Department? 2. Calculate the cost per bottle for the regular and extra strength pain medications. 3. Prepare the journal entries that record the costs of the 12,000 regular strength batch as it moves through the various operations. 4. Suppose that the direct materials are requisitioned by each department as needed for a batch. For the 12,000 regular strength batch, direct materials are requisitioned for the Mixing and Bottling departments. Assume that the amount of cost is split evenly between the two departments. How will this change the journal entries made in Requirement 3?Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Line Item Description Answer minutes Value-added lead time fill in the blank 1 minutes Non-value-added lead time: Move time fill in the blank 2 Within-batch wait time fill in the blank 3 Total lead time fill in the blank 4 minutes b. Compute the value-added ratio. Round to one decimal place.fill in the blank 1 of 1%Williams Optical Inc. is considering a new lean product cell. The present manufacturing approachproduces a product in four separate steps. The production batch sizes are 45 units. The processtime for each step is as follows: Process Step 1 5 minutesProcess Step 2 8 minutesProcess Step 3 4 minutesProcess Step 4 3 minutes The time required to move each batch between steps is 5 minutes. In addition, the time tomove raw materials to Process Step 1 is also 5 minutes, and the time to move completed unitsfrom Process Step 4 to finished goods inventory is 5 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 reducedto 2 minutes. The processing time in each step will stay the same.Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (a) present and (b) proposed production approaches. Round percentages to one…
- Pockets Inc. manufactures cargo pants in the cutting and sewing process. Cargo pants are manufactured in batches of 30. The cutting time is 4 minutes per unit. The sewing time is 12 minutes per unit. It takes 20 minutes to move a batch of jeans from cutting to sewing. a. Compute the value-added, non-value-added, and total lead time of this process. Line Item Description Lead Time Value-added lead time fill in the blank 1 minutes Non-value-added lead time fill in the blank 2 minutes Total lead time fill in the blank 3 minutes b. Compute the value-added ratio. Round to one decimal place.fill in the blank 1 of 1%An order for 50 of a product is processed on work centers A and B. The setup time on A is 45 minutes, and run time is 5 minutes per piece. The setup time on B is 30 minutes,and the run time is 4 minutes per piece. Wait time between the two operations is 8 hours. The move time between A and B is 60 minutes. Wait time after operation B is 8 hours, and the move time into stores is 2 hours. Queue at work center A is 40 hours and at B is 35 hours. Calculate the total manufacturing lead time for the order.Isaacson Dental Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizes are 50 units. The process time for each step is as follows: Line Item Description Time Process Step 1 6 minutes Process Step 2 12 minutes Process Step 3 9 minutes Process Step 4 3 minutes The time required to move each batch between steps is 6 minutes. In addition, the time to move raw materials to Process Step 1 is also 6 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 6 minutes. The new lean layout will allow the company to reduce the batch sizes from 50 units to 2 units. The time required to move each batch between steps and the inventory locations will be reduced to 1 minute. The processing time in each step will stay the same. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (a) present and (b)…
- 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 5 minutes Process Step 2 8 minutes Process Step 3 4 minutes Process Step 4 3 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. 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. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the present and proposed production approaches. If required,…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:Step Time (in minutes)Process Step 1 5Process Step 2 8Process Step 3 4Process Step 4 3The time required to move each batch between steps is 4 minutes. In addition, the time to move raw materials to Process Step 1 is also 4 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 6 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. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the:a. present and b. proposed production approaches. (Round percentages to one decimal…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: Step Time (in minutes) Process Step 1 5 Process Step 2 8 Process Step 3 4 Process Step 4 3 The time required to move each batch between steps is 4 minutes. In addition, the time to move raw materials to Process Step 1 is also 4 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 6 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. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the: present and proposed production…
