company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders. Process time: 4 days Wait time to the start of production: 15 days Move time: 3 days Inspection time: 2 days Queue time during the production process: 8 days What is the delivery cycle time?
Q: DATE 01.05.2018 05.05.2018 10.05.2018 18.05.2018 20.05.2018 25.05.2018 EXPLANATION Begining Inc.…
A: Journal entries: 1.5.2018. Inventory a/c. Dr. TL4000 To…
Q: The standard costs and actual costs for factory overhead for the manufacture of 3,000 units of…
A: FIXED FACTORY OVERHEAD VOLUME VARIANCE Fixed Overhead Volume Variance is the Difference between…
Q: Requirement 1. Prepare Modern's income statement for the year ended December 31, 2021. Use the…
A: Financial Statements are prepared at the end of a period in order to assess the financial…
Q: month for a monthly fee of $3,600, which PS Music has already received payment for. Any additional…
A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…
Q: Calculate the accurate interest in dollars, and the total proceeds in dollars of the Bond sale.…
A:
Q: FIFO or LIFO
A: Inventory is the current assets reported under the head current assets in the balance sheet of the…
Q: Required: 1. Kristen drove the car 11,000 miles last year. Compute the average cost per mile of…
A: Variable Expenses are those expenses which varies with the change in the volume of the activity.…
Q: Assume that Sunland Construction Company has a non-cancellable contract to construct a $4,520,000…
A: Journal entry is a primary entry that records the financial transactions initially. The transactions…
Q: Exercise 16-42 (Static) Fixed Cost Variances (LO 16-6) Information on Carney Company's fixed…
A: Fixed overhead costs are those that don't fluctuate despite variations in the volume of production…
Q: The following is data obtained from cheese cake production activities by PT Cheese Higen for January…
A: Production Cost :— It is the total cost incurred in the manufacturing of product during the period.…
Q: PT Sinaran Raya has two plans for production activities in 2019 as follows: Requested: 1. Calculate…
A: Lets understand the basics. Total production cost is a total of variable cost and fixed cost of…
Q: When using the aging method to estimate uncollectible accounts:
A: The correct answer is: (B) Older accounts are less likely to be collected. Older accounts are less…
Q: When are dividends considered a Return of Capital? Give Code Section _______________
A: The company raises funds by issuing equity. The company issues either common shares or preferred…
Q: On March 31, Sigment Company had a $44,547.60 checkbook balance. The bank statement showed a balance…
A: Lets understand the basics. Bank reconciliation statement is a statement which shows the reason for…
Q: A car was valued at $39,000 in the year 1993. The value depreciated to $12,000 by the year 2002. A)…
A: The question is based on the concept of Depreciation Accounting. Depreciation is the decrease in the…
Q: The cost of equipment purchased by Swifty, Inc., on June 1, 2025, is $100,800. It is estimated that…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: 7. Assets Php 120,000, Liabilities = ?, Owner's equity = Php 55,000 8. Assets, Liabilities= Php…
A: The transactions of the business are based on accounting equation. The transactions are recorded in…
Q: 4. Will the break-even point would be higher or lower with May’s sales mix than with April’s sales…
A: Contribution margin ratio: Standard racket = (32000/80000)*100 =40% Pro racket = (270000/450000)*100…
Q: Consider the following Inventory records for Emoji Corporation: Date Feb. 1 Beginning inventory…
A: Under the FIFO inventory method, initial purchases are sold first. So the remaining inventory…
Q: and Pepsi hal brar PepsiCo products exceed $66 billion. Compare the two companies as a potential…
A: There are many ratios used for comparison between the companies and selecting best companies for…
Q: Q. In 2006, Jarrett Company purchased a tract of land as a possible future plant site. In January,…
A: INTRODUCTION: Costs incurred in order to produce income are known as expenses. The cost of products…
Q: Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred…
A: The cumulative preferred stock seems to be an equity product that provides a set dividend on a…
Q: In 1997, many East Asian currencies suddenly and dramatically devalued. What is the percentage…
A: Formula to calculate % change (Increase ) in investment value : (Revised investment value - Intial…
Q: TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried…
A: Variance is the comparison between the standard performance and actual performance of the company.…
Q: On November 1, 2022, Lake Clinic provided services to a customer on account for $3,000 with discount…
A: Concept of 2/10, n/30: Discount of 2% is valid for 10 days from the date of invoice. Payment has to…
Q: Wildhorse Bank and Trust is considering giving Alou Company a loan. Before doing so, management…
A: Determination of Correct Inventory Amount on December 31…
Q: Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet…
A: Average Operating Assets :— It is calculated by dividing sum of beginning balance of operating…
Q: 1. Involves judgment as to the similarity of the subject property with respect to many value factors…
A: Sales comparison approach is a measure of estimating value based on the recent sale of similar…
Q: Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $310,000. He…
A:
Q: You are to refer to Kate Minimart operation below: Kate operates a minimart store located in a…
A: (i) Revenue recognition is an accounting principle in which revenue is recognised as soon as sale is…
Q: Coleen is a citizen and bona fide resident of Ireland. During the current year, she received the…
A:
Q: On September 30, 2022 Fabric Company accepted a six-month, 10% note for $16,000 from one of its…
A: The correct answer is: (B) Debit Notes receivable by $16,000 Credit Accounts receivables by $16,000
Q: 16.) Given the following information [daily basis] on a manufacturing company, calculate (a)…
A: a) Calculation of Contribution per unit Particulars Amount $ a Selling Price per unit 5 b…
Q: 12. What are the valuation guidelines for trading and available-for-sale investments at a balance…
A: Trading and available-for-sale investments are financial securities held by the business to generate…
Q: I need help with the large stock dividend. How did they get 1,053,000?
A: Introduction: A company can issue dividends either in the form of cash or stock. Stock dividend can…
Q: Could you please calculate d. and e. Thank you.
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: Ignoring the response for part (b), compute the 2026 amortization and the 12/31/26 book value,…
A: Part 1: Computation of 2026 amortization: 2026 amortization=Fair value of the trade nameRemaining…
Q: Find the accumulated value of an investment of $15,000 for 4 years at an interest rate of 4.5% if…
A: Compound interest is responsible to accelerates the growth of money. It grows an amount of money…
Q: Daniels Company made the following selected transactions during May: 1. Received cash from sale of…
A: (1) Effect of 1st Transaction- Received cash from sale of stock $55,000 Entry:…
Q: Seasons Hospital uses the allowance method to account for its uncollectible accounts. It has the…
A: Bad debt expense as a percentage of receivables method = (Accounts receivable x Estimated percentage…
Q: Contribution Margin by Segment The following data are for Elm Leaf Apparel: Sales volume (units):…
A: Income Statement :— It is one of the financial statement that shows profitability of company during…
Q: Upon liquidation, the A&N Partnership realizes a gain on sale of assets amounting to P120,000. The…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5%…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: Morray Corporation had the following transactions. Classify each of these transactions by type of…
A: INTRODUCTION: A cash flow statement summarises the amount of cash and cash equivalents coming into…
Q: The Millard Division's operating data for the past two years are provided below: Year 1 Year 2…
A: RETURN ON INVESTMENT Return on investment is the ratio between Net Operating Income & Average…
Q: Carmen SanDiego, a U.S. citizen, is employed by General Motors Corporation, a U.S. corporation. On…
A: Total compensation refers to all hard cash provided to an employee. This is applicable to current…
Q: The home was acquired for $83,000 in 2005. On May 12, 2021, the Arcs installed new fixtures (7-year…
A: INTRODUCTION: The systematic reduction of a fixed asset's recorded cost is known as depreciation.…
Q: The Ewing Distribution Company is planning a $240 million expansion of its chain of discount service…
A: Formula: Weighted cost of capital=After tax cost of debt×40%+Cost of Preferred stock×5%+Cost of…
Q: 1. Allowable deductions generally refer to amounts that are subtracted directly from one's total tax…
A: B is the correct solution 1st statement is false, second statement is true.
Q: Management is planning to increase sales volume 3.75 percent and leave menu prices the same.…
A: Lets understand the basics. Change in total sales can be happen due to either because of, (1) Change…
The management of International Cookwares believes that delivery performance measures must be improved if the company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders.
- Process time: 4 days
- Wait time to the start of production: 15 days
- Move time: 3 days
- Inspection time: 2 days
- Queue time during the production process: 8 days
What is the delivery cycle time?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Bienestar, Inc., implemented cellular manufacturing as recommended by a consultant. The production flow improved dramatically. However, the company was still faced with the competitive need to improve its cycle time so that the production rate is one bottle every four minutes (15 bottles per hour). The cell structure is shown below; the times above the process represent the time required to process one unit. Required: 1. How many units can the cell produce per hour (on a continuous running basis)? 2. How long does it take the cell to produce one unit, assuming the cell is producing on a continuous basis? 3. What must happen so that the cell can produce one bottle every four minutes or 15 per hour, assuming the cell produces on a continuous basis?Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performance metrics on its balanced scorecard: days from ordered to delivered, number of shipping errors, customer retention rate, and market share. A measure map illustrates that the days from ordered to delivered and the number of shipping errors are both expected to directly affect the customer retention rate, which affects market share. Additional internal analysis finds that: Every shipping error over three shipping errors per month reduces the customer retention rate by 1.5%. On average, each day above three days from ordered to delivered yields a reduction in the customer retention rate of 1%. Each day before three days from order to delivery yields an increase in the customer retention rate of 1%, on average. Rizzo Goal Inc.s current customer retention rate is 60%. The company estimates that for every 1% increase or decrease in the customer retention rate, market share changes 0.5% in the same direction. Rizzo Goal Inc.s current market share is 21.4%. Ignoring any other factors, if the company has six shipping errors this month and an average of 3.5 days from ordered to delivered, determine (a) the new customer retention rate and (b) the new market share that Rizzo Goal Inc. expects to have.The controller of Emery, Inc. has computed quality costs as a percentage of sales for the past 5 years (20X1 was the first year the company implemented a quality improvement program). This information is as follows: Required: 1. Prepare a trend graph for total quality costs. Comment on what the graph has to say about the success of the quality improvement program. 2. Prepare a graph that shows the trend for each quality cost category. What does the graph have to say about the success of the quality improvement program? Does this graph supply more insight than the total cost trend graph does? 3. Prepare a graph that compares the trend in relative control costs versus relative failure costs. Comment on the significance of this trend.
- Anderson Company has the following departmental manufacturing structure for one of its products: After some study, the production manager of Anderson recommended the following revised cellular manufacturing approach: Required: 1. Calculate the total time it takes to produce a batch of 20 units using Andersons traditional departmental structure. 2. Using cellular manufacturing, how much time is saved producing the same batch of 20 units? Assuming the cell operates continuously, what is the production rate? Which process controls this production rate? 3. What if the processing times of molding, welding, and assembly are all reduced to six minutes each? What is the production rate now, and how long will it take to produce a batch of 20 units?Assume that at the beginning of 20x2, Cicleta trained the 2 assembly workers in a new approach that had the objective of increasing the efficiency of the assembly process. Cicleta also began moving toward a JIT purchasing and manufacturing system. When JIT is fully implemented, the demand for expediting is expected to be virtually eliminated. It is expected to take two to three years for full implementation. Assume that receiving cost is a step-fixed cost with steps of 1,500 orders. The other three activities employ resources that are acquired as used and needed. At the end of 20x2, the following results were reported for the four activities: Required: 1. Prepare a trend report that shows the non-value-added costs for each activity for 20x1 and 20x2 and the change in costs for the two periods. Discuss the reports implications. 2. Explain the role of activity reduction for receiving and for expediting. What is the expected value of SQ for each activity after JIT is fully implemented? 3. What if at the end of 20x2, the selling price of a competing product is reduced by 27 per unit? Assume that the firm produces and sells 20,000 units of its product and that its product is associated only with the four activities being considered. By virtue of the waste-reduction savings, can the competitors price reduction be matched without reducing the unit profit margin of the product that prevailed at the beginning of the year? If not, how much more waste reduction is needed to achieve this outcome? In this case, what price decision would you recommend?Mabbut Company has the following departmental manufacturing layout for one of its plants: A consulting firm recommended a value stream with the following manufacturing cell: Required: 1. Calculate the total time it takes to produce a batch of 10 units using the traditional departmental manufacturing layout. 2. Using cellular manufacturing, how much time is saved producing the same batch of 10 units? Assuming the cell operates continuously, what is the production rate? Which process controls this production rate? 3. Assume the processing time of Welding is reduced to 6 minutes, while the times of the other processes stay the same. What is the production rate now, and how long will it take to produce a batch of 10 units if the cell is in a continuous production mode?
- Gumbrecht Company has the following departmental manufacturing layout for one of its plants: A consulting firm has recommended a value stream with the following manufacturing cell: Required: 1. Calculate the total time it takes to produce a batch of 20 units using the traditional departmental manufacturing layout. 2. Using cellular manufacturing, how much time is saved producing the same batch of 20 units? Assuming the cell operates continuously, what is the production rate? Which process controls this production rate? 3. Assume the processing time of Casting is reduced to 9 minutes, while the times of the other processes stay the same. What is the production rate now, and how long will it take to produce a batch of 20 units if the cell is in a continuous production mode?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.)In 20X1, Don Blackburn, president of Price Electronics, received a report indicating that quality costs were 31% of sales. Faced with increasing pressures from imported goods. Don resolved to take measures to improve the overall quality of the companys products. After hiring a consultant in 20X1, the company began an aggressive program of total quality control. At the end of 20X5, Don requested an analysis of the progress the company had made in reducing and controlling quality costs. The accounting department assembled the following data: Required: 1. Compute the quality costs as a percentage of sales by category and in total for each year. 2. Prepare a multiple-year trend graph for quality costs, both by total costs and by category. Using the graph, assess the progress made in reducing and controlling quality costs. Does the graph provide evidence that quality has improved? Explain. 3. Using the 20X1 quality cost relationships (assume all costs are variable), calculate the quality costs that would have prevailed in 20X4. By how much did profits increase in 20X4 because of the quality improvement program? Repeat for 20X5.
- Ross Company implemented a quality improvement program and tracked the following for the five years: By cost category as a percentage of sales for the same period of time: Required: 1. Prepare a bar graph that reveals the trend in quality cost as a percentage of sales (time on the horizontal axis and percentages on the vertical). Comment on the message of the graph. 2. Prepare a bar graph for each cost category as a percentage of sales. What does this graph tell you? 3. What if management would like to have the trend in relative distribution of quality costs? Express this as a bar graph and comment on its significance.Norris Company implemented a quality improvement program and tracked the following for the 5 years: By cost category of sales for the same period of time: Required: 1. Prepare a bar graph (hat reveals the trend in quality cost as a percentage of sales (time on horizontal axis and percentages on the vertical). Comment on the message of the graph. 2. Prepare a bar graph for each cost category as a percentage of sales. What does this graph tell you?Ethics in Action In August, Lannister Company introduced a new performance measurement system in manufacturing operations. One of the new performance measures is lead time, which is determined by tagging a random sample of items with a log sheet throughout the month. The log sheets recorded the time that the sample items started production and the time that they ended production, as well as all steps in between. At the end of the month, the controller collected the log sheets and computed the average lead time of the tagged products. This number was reported to central management and was used to evaluate the performance of the plant manager. Because of the poor lead time results reported for August, the plant was under extreme pressure to reduce lead time in September. The following memo was intercepted by the controller. Date: September 3 To: Hourly Employees From: Plant Manager During last month, you may have noticed that some of the products were tagged with a log sheet. This sheet records the time that a product enters production and the time that it leaves production. The difference between these two times is termed the lead time. Our plant is evaluated on improving lead time. From now on, I ask all of you to keep an eye out for the tagged items. When you see a tagged item, it is to receive special attention. Work on that item first, and then immediately move it to the next operation. Under no circumstances should tagged items wait on any other work that you have. Naturally, report accurate information. I insist that you record the correct times on the log sheet as the product goes through your operations. How should the controller respond to this discovery?