process productivity
Q: What are unit-level, batch-level, product-level, customer-level, and organization-sustaining…
A: ABC method: ABC method is activity based cost accounting. It's the new method of accounting where…
Q: techniques used in management accounting.
A: Budgeting is the tool of management accounting to forecast future operational revenues, costs and…
Q: Explain the role of unit cost in task order pricing.
A: Task orders refer to the contract made for specific and separate orders. These are the small…
Q: Define computer-integrated manufacturing.
A: Conversion Cycle: A set of all processes that are used to collect inputs and convert them into…
Q: "Standard costing improves the control function" comment
A: Standard costing is one of the technique of accounting. Standard costing is the method which…
Q: Define data processing and what are its representative cost driver?
A: Data processing:Data processing generally converts raw data into a desired and used format that can…
Q: benefits of costing system
A: A costing system is prepared to analyze the costs incurred in a business organization. The system…
Q: Define software development costs.
A:
Q: Function of human resources management
A: Solution- Human resource management (HRM) is nothing but managing human resources. it's the policies…
Q: Distinguish between customer-response time and manufacturing cycle time.
A: Customer response time: Customer response time is the time lag between the receipt of an order and…
Q: "Standard costing improves the control function"explain with more information and examples
A: Standard costing is part of Cost Accounting which is used by some manufacturing concerns to identify…
Q: construction in process account
A: Construction contracts are contracts made by one person with other to involve in construction…
Q: job costing system implementaion?
A: Job Costing System: The act of gathering information on the expenses associated with a particular…
Q: relevant costing
A: [Note: Since you have posted a multi-part question, we will solve the first three parts for you. For…
Q: activity-based costing
A: Activity means an operation under activity-based costing. Activity base means the basis on which the…
Q: Product Type relation with Attendance endance
A: 1. type of event Pivot Table Hence Highest average attendance is for Concert Type of Event Question…
Q: Explain manufacturing cycle time.
A: Definition: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…
Q: of Quality Function Deployment.
A: Given: To evaluate an example of QFD as,
Q: activity-based costing system.
A: Activity-based costing system is a cost accounting system in which overheads are grouped into cost…
Q: Describe how life-cycle costing facilitates strategic management.
A: Life cycle costing: Life cycle costing is an economic analysis used by the selection of…
Q: as a Cost Center a Line It Production Li
A: Line item budget Actual variance % variance Production Line wages 20,000…
Q: product
A: Mudarabah is an agreement between the Islamic bank & the depositor in which one contributes…
Q: Job order costing:
A: Job order costing is the system of allocating manufacturing overheads to specific jobs. This is used…
Q: process productivity
A: Process productivity = Good units produced/Processing time(total hours)
Q: Analyze process costing with multiple departments
A: Process costing is a technique of costing in which the costs are directly traced to the…
Q: How may batch processing be used to improve operational efficiency?
A: Batch Processing: Batch processing refers to as a process involving multiple transactions which are…
Q: Define the term process-costing system.
A:
Q: How standard costing control the business activity
A: Standard Costing is the technique of setting up standard costs and applying them to measure the…
Q: The manufacturing cycle efficiency is:
A: Calculations are as follows
Q: Define value-based management
A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…
Q: the uses of cost information in decision making to managers
A: Cost: It is a value related to the product that determines its purchasing value. A cost, in general,…
Q: Why do we require product, task order, and process cost data?
A: The Answer :
Q: absorption costing
A: First option is wrong because net operating income does not fluctuate directly with changes in sales…
Q: Define service sector.
A: Service Sector: The service sector produces intangible goods, more precisely services instead of…
Q: Гxemplar Exer operation
A: 1 Cost per unit of finished goods using: Absorption costing Direct material per unit 11…
Q: Define Overhead Allocation.
A: Activity-Based Costing: It is a method that helps in finding the activities performed by a company…
Q: COST ACCOUNTING PLS SHOW SOLUTION
A: Solution:- 7)Calculation of over-allocated or under-allocated conversion costs for the month as…
Q: ntained in a product structure diagram?
A: Given: To analyse the information being present in the product structured information as follows,
Q: Define the term process costing.
A: Process Costing: Process costing is a method of costing used mainly in manufacturing where units are…
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- Refer to the data in Exercise 7.18. When the capacity of the HR Department was originally established, the normal usage expected for each department was 20,000 direct labor hours. This usage is also the amount of activity planned for the two departments in Year 1 and Year 2. Required: 1. Allocate the costs of the HR Department using the direct method and assuming that the purpose is product costing. 2. Allocate the costs of the HR Department using the direct method and assuming that the purpose is to evaluate performance.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?Bienestar Inc., has the following departmental structure for producing a well-known multivitamin: A consultant designed the following cellular manufacturing structure for the same product: The times above the processes represent the time required to process one unit of product. Required: 1. Calculate the time required to produce a batch of 15 bottles using a batch-processing departmental structure. 2. Calculate the time to process 15 units using cellular manufacturing. 3. How much manufacturing time will the cellular manufacturing structure save for a batch of 15 units?
- The management of Wheeler Company has decided to develop cost formulas for its major overhead activities. Wheeler uses a highly automated manufacturing process, and power costs are a significant manufacturing cost. Cost analysts have decided that power costs are mixed; thus, they must be broken into their fixed and variable elements so that the cost behavior of the power usage activity can be properly described. Machine hours have been selected as the activity driver for power costs. The following data for the past eight quarters have been collected: Required: 1. Prepare a scattergraph by plotting power costs against machine hours. Does the scatter-graph show a linear relationship between machine hours and power cost? 2. Using the high and low points, compute a power cost formula. 3. Use the method of least squares to compute a power cost formula. Evaluate the coefficient of determination. 4. Rerun the regression and drop the point (20,000; 26,000) as an outlier. Compare the results from this regression to those for the regression in Requirement 3. Which is better?Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: a. Determine the activity rate for each activity. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round to the nearest cent.Hernandez Corp. wants to compute its throughput for August. The following production data are available: Good units produced and sold 2,923,200 Total units produced 4,844,000 Total processing (in hours) 201,600 Value-added time (in hours) 50,300 a. Determine the manufacturing cycle efficiency. ______% b. Determine the process productivity. ______ units per hour c. Determine the process quality yield. ______% d. Determine the throughput using only good units and total time. ______ units per hour
- Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $339,200 Number of purchase orders Scheduling 204,100 Number of production orders Materials handling 459,900 Number of moves Product development 775,100 Number of engineering changes Production 1,593,800 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 4,050 260 1,370 10 2,300 2,500 Tape drives 1,600 125 600 3 8,700 4,200 Wire drives 12,000 780 3,700 30 10,600 2,000 The activity rate for the scheduling activity cost pool isPanamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $309,800 Number of purchase orders Scheduling 207,900 Number of production orders Materials handling 427,200 Number of moves Product development 787,800 Number of engineering changes Production 1,508,300 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 3,930 330 1,340 11 1,800 1,800 Tape drives 2,400 165 710 4 8,100 3,600 Wire drives 13,000 700 4,400 20 10,400 2,100 The activity-based cost for each disk drive unit is a.$878.32 b.$16.03 c.$328.05 d.$223.91Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $385,600 Number of purchase orders Scheduling $227,900 Number of production orders Materials handling $491,300 Number of moves Product development $759,900 Number of engineering changes Production $1,477,900 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 3,810 400 1,470 14 1,600 1,900 Tape drives 1,700 135 570 6 9,100 3,600 Wire drives 11,400 750 3,900 30 10,100 2,400 Determine the activity rate for product development…
- Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $387,600 Number of purchase orders Scheduling 220,800 Number of production orders Materials handling 499,900 Number of moves Product development 776,600 Number of engineering changes Production 1,421,700 Machine hours Number ofPurchaseOrders Number of ProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 4,030 260 1,330 13 2,200 2,300 Tape drives 1,600 245 600 3 9,200 4,400 Wire drives 11,200 870 4,200 29 11,500 3,000 The activity-based cost for each wire drive unit is a.$23.03 b.$262.59 c.$651.52 d.$170.01Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $320,600 Number of purchase orders Scheduling 246,400 Number of production orders Materials handling 449,100 Number of moves Product development 747,300 Number of engineering changes Production 1,561,700 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 3,830 430 1,360 14 2,500 1,500 Tape drives 2,500 155 580 6 8,500 4,100 Wire drives 11,600 940 4,400 25 10,300 2,200 The activity rate for the production cost pool isPanamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $302,300 Number of purchase orders Scheduling $220,600 Number of production orders Materials handling $416,500 Number of moves Product development $755,400 Number of engineering changes Production $1,551,600 Machine hours Number ofPurchaseOrders Number ofProductionOrders NumberofMoves Number ofEngineeringChanges MachineHours NumberofUnits Disk drives 4,160 380 1,320 11 1,900 1,600 Tape drives 2,500 155 770 6 9,900 4,000 Wire drives 12,700 770 3,900 23 10,400 2,700 Determine the activity rate per production order for…
