Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.50 per hour. During October, the company actually uses 11,500 hours of direct labor at a $180,550 total cost to produce 6,100 units. In November, the company uses 15,500 hours of direct labor at a $244,125 total cost to produce 6,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further?
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- A manufacturing company has the following financial information (in millions of $)Sales $562Cost of goods soldDirect labor 43Purchased materials 267Overhead 35All other costs 142Pretax earnings 75a. What is the profit leverage effect of purchasing in this company?b. What is the percent increase in earnings from a 5 percent savings in purchasing?Well water inc. wants to produce and sell a new flavored water in order topenetrate the market, the product will have to sell at 2.60 per 12 oz bottle thefollowing data has been collected: Annual sales 50,000 bottlesProjected selling and administrative costs 8,000Desired profit 80,000The target cost per bottle is _____ per bottle (2 decimal places)XYZ Corporation manufactures two products, Simple and Complex. The following annual information was gathered: Simple Complex Selling price per unit P47.00 P26.00 Variable cost per unit 42.00 22.00 Total annual fixed costs are P18,000. Assume XYZ Corporation can produce and sell any mix of Simple or Complex at full capacity. It takes one hour to make one unit of Complex. However, Simple takes 50% longer to manufacture when compared to Complex. Only 120,000 hours of plant capacity are available. How many units of Simple and Complex should XYZ Corporation produce and sell in a year to maximize profits?
- The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…XYZ Corporation manufactures two products, Simple and Complex. The following annual information was gathered: Simple Complex Selling price per unit P47.00 P26.00 Variable cost per unit 42.00 22.00 Total annual fixed costs are P18,000. Assume XYZ Corporation can produce and sell any mix of Simple or Complex at full capacity. It takes 1.5 hours to make one unit of Complex. However, Simple takes 50% longer to manufacture when compared to Complex. Only 120,000 hours of plant capacity are available. How many units of Simple and Complex should XYZ Corporation produce and sell in a year to maximize profits?) Creative Sports Design (CSD) manufactures a standard-size racket and an oversize racket.The firm’s rackets are extremely light due to the use of a magnesium-graphite alloy that wasinvented by the firm’s founder. Each standard-size racket uses 0.125 kilograms of the alloy andeach oversize racket uses 0.4 kilograms; over the next two-week production period only 80kilograms of the alloy are available. Each standard-size racket uses 10 minutes of manufacturingtime and each oversize racket uses 12 minutes. The profit contributions are $10 for eachstandard-size racket and $15 for each oversize racket, and 40 hours of manufacturing time areavailable each week. Management specified that at least 20% of the total production must be thestandard-size racket. How many rackets of each type should CSD manufacture over the next twoweeks to maximize the total profit contribution? Assume that because of the unique nature oftheir products, CSD can sell as many rackets as they can produce.
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- Triple X Company manufactures and sells refrigerators. It makes some of the parts for the refrigerators and purchases others. The engineering department believes it might be possible to cut costs by manufacturing one of the parts currently being purchased for $8.25 each. The fi rm uses 100,000 of these parts each year. The accounting department compiles the following list of costs based on engineering estimates:Fixed costs will increase by $50,000. Labor costs will increase by $125,000.Factory overhead, currently running $500,000 per year, may be expected to increase 12 percent.Raw materials used to make the part will cost $600,000.Given the preceding estimates, should Triple X make the part or continue to buy it?Under Fundamental analysis the intrinsic value of the stock is meassured by analysing economic and financial factors. This method analysis the stock's real and fair market value. According to this analysis if the market price of the stock is lower than its fair market value then the stock is deemed to be underpriced, which means the stock price is going to rise in future. On the other hand if the fair market value of the stock is lower than its market price then it is assumed that the future prices of stock are going to decline. BASED ON THE STATEMENT ABOVE PLEASE DRAW THE GRAPH AND EXPLAIN IT ON U.S. SITUATION15) Which is not considered to be an OPSCM execution process byany of the most popular models?Select one:A. returnsB. manufacturing/production/makeC. logisticsD. procurement/acquisition/purchasingE. research & development16) Purchasing’s role is to get the lowest possible price oneverything needed by OPSCM.Select one:A. TrueB. False17) Which OPSCM macro designs / operations models /manufacturing environments use a forecast to plan for fulfillmentof demand?Select one:A. MTO & ETOB. MTO & MTSC. CTO & MTSD. ETO & MTSE. All of them use forecasts.