Q24 Fast Wire Incorporated manufactures a scrambling device for cellular phones. The main component of the scrambling device is a very delicate part—DTV-12. DTV-12 requires careful handlings during manufacturing. Once damaged, the part must be discarded. Only skilled laborers are hired to manufacture and install DTV-12. Damages still occur, however. The following are the operating data of Fast Wire Incorporated for 2021 and 2022 relative to the insertion of DTV-12.
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Q24
Fast Wire Incorporated manufactures a scrambling device for cellular phones. The main component of the scrambling device is a very delicate part—DTV-12. DTV-12 requires careful handlings during manufacturing. Once damaged, the part must be discarded. Only skilled laborers are hired to manufacture and install DTV-12. Damages still occur, however. The following are the operating data of Fast Wire Incorporated for 2021 and 2022 relative to the insertion of DTV-12.
2021 | 2022 | |
---|---|---|
Number of phones manufactured | 606,000 | 730,000 |
Units of DTV-12 used | 960,300 | 1,000,000 |
Direct labor hours for DTV-12 insertion | 1,850 | 2,655 |
Total cost of DTV-12 units | $ 1,444,000 | $ 2,334,000 |
Direct labor wage rate per hour | $ 68.50 | $ 84 |
The partial operational productivity ratio of DTV-12 in 2022 is:
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- Required information Skip to question [The following information applies to the questions displayed below.] Ashley Technology Incorporated manufactures a scrambling device for cellular telephones. The device’s main component is a delicate part, CT140. CT140 is easily damaged and requires careful handling. Once damaged, it must be discarded. The firm hires only skilled laborers to manufacture and install CT140; however, some are still damaged. Robotic instruments process all other parts. Ashley’s operating data for 2 years are as follows: 2022 2021 Units manufactured 800,000 1,050,000 Number of CT140 used 910,000 1,060,000 Number of direct labor hours spent 160,000 210,000 Cost of CT140 per unit $ 157 $ 136 Direct labor wage rate per hour $ 57 $ 63 Required: 1. Compute the total productivity ratios for 2021 and 2022. Assume that fixed manufacturing costs are $51 million in both 2021 and 2022. (Round your answers to 4 decimal places.)On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021$2,400,000January 1 through February 28, 20221,000,000March 1 through April 30, 2022600,000 Athens expects a useful life of four years for the software and total revenues of $7,000,000 during that time. During 2022, revenue of $1,540,000 was recognized. Required: Prepare a journal entry in each year to record development costs for 2021 and 2022.Partial Operational Productivity Ashley Technology Inc. manufactures a scrambling device forcellular telephones. The device’s main component is a delicate part, CT140. CT140 is easily damaged and requires careful handling. Once damaged, it must be discarded. The firm hires only skilledlaborers to manufacture and install CT140; however, some are still damaged. Robotic instrumentsprocess all other parts. Ashley’s operating data for 2 years are as follows:2019 2018Units manufactured 750,000 1,000,000Number of CT140 used 900,000 1,050,000Number of direct labor hours spent 150,000 200,000Cost of CT140 per unit $156 $135Direct labor wage rate per hour $56 $62Required In your calculations, use 4 significant digits after the decimal point.1. Compute the partial operational productivity for both direct materials and direct labor for each of the2 years.2. On the basis of the partial operational productivity that you computed, what conclusions can you drawabout the firm’s productivity in 2019…
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- On September 30, 2018, Athens Software began developing a software program to shield personal computersfrom malware and spyware. Technological feasibility was established on February 28, 2019, and the program wasavailable for release on April 30, 2019. Development costs were incurred as follows:September 30 through December 31, 2018 $2,200,000January 1 through February 28, 2019 800,000March 1 through April 30, 2019 400,000Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time.During 2019, revenue of $1,000,000 was recognized.Required:1. Prepare the journal entries to record the development costs in 2018 and 2019.2. Calculate the required amortization for 2019.002. Watt Pharmaceuticals manufactures several drugs used to treat bacterial infections. The company is currently working on a drug to treat malaria. Which of the following costs should be expensed as Research and development expense? Which of the following costs should be capitalized as an intangible asset? Salaries of biochemists working on the new malaria drug Administrative costs allocated to R&D department Salaries of physicians working on final stage clinical trials for malaria drug Salaries for production staff working on improving general manufacturing processes Depreciation of equipment used in multiple drug trials Purchase of patent for process used exclusively in development of malaria drug $125,000 95,000 85,000 80,000 25,000 20,00045. Unable to rely solely on its own factories, toy company PlayGo contracts with foreign-owned manufacturers. Despite its requirement that factories use materials provided by certified suppliers, a foreign manufacturer uses lead paint and PlayGo issues a recall. What are the two most effective strategies to limit PlayGo’s reputational damage and reduce the likelihood of future product defects? I. Participating in a highly publicized initiative by the Toy Industry Association and Consumer Product Safety Commission to introduce new regulations requiring more stringent safety checks. II. Issuing a statement that the toys were made in factories in a foreign country, and that PlayGo had met its risk management responsibilities by issuing the requirement that contractors use the material provided by certified suppliers. III. Reducing the number of toys it makes through contract factories. IV. Refining further its memoranda of understanding with contractors and partners to include stricter…
- Q18. A process control manager is considering two robots to improve materials-handling capacity in the production of rigid shaft couplings that make dissimilar drive components. Robot X has a first cost of $76,000, an annual M&O cost of $31,000, and $42,000 salvage value, and it will improve revenues by $96,000 per year. Robot Y has a first cost of $146,000, an annual M&O cost of $28,000, and $47,000 salvage value, and it will increase revenues by $121,000 per year. The company’s MARR is 46% per year, and it uses a 3-year study period for economic evaluations. Calculate the incremental ROR, and identify the robot the manager should select. The incremental ROR is The manager should select robot ?q15 Which of the following are circumstances that may indicate that the asset may be impaired? (i) A motor vehicle has been damaged in an accident (ii) A debtor is in financial difficulty (iii)Consumer tastes have changed in the market and sales prices of the inventory have been reduced so that the goods will have to be sold at much lower prices, if at all (iv) Cost prices of raw materials used in production have increased Select one: a. (i), (ii), (iii) and (iv) b. (i), (ii), (iv) only c. (i) and (iv) only d. (iv) onlyQ3: Hamed Al Balushi SAOC is an organization specialized in the manufacturing of machine components, which are sold across many retailers in Oman. The organization manufactures the machine components using a specialized machinery. The machinery was purchased for OMR 100,000 on 1st January 2015.The equipment has a salvage value OMR 20,000. The equipment was estimated to have a useful life of five years and is depreciated using the straight-line method. However, the asset was disposed on the 31st of October 2019 for OMR 45,000. Below are some of the transactions that took place from the time of purchase to Disposal. Date Particulars Dec 31st,2015 Recorded Depreciation expense for 2015 Jan 1st ,2016 The organization installed a component which improved the quality of equipment. The cost of the new component installed cost OMR 4000. However, the estimated useful life did not increase due to this change. Dec 31st, 2016 Recorded depreciation expense. The organization further…