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- Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $25 and the cost per unit is $7.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.Ac Gems in the Rough, a jewelry company, the engraving department is a bottleneck. The company is considering hiring an extra worker, whose salary will be $56,000 per year, to ease the problem. Using the extra worker, the company will be able to engrave 8,000 more units per year. The selling price per unit is $16. The cost per unit currently is $11.85 as shown: What is the annual financial impact of hiring the extra worker for the bottleneck process?Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $54,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $26.00 and the cost per unit is $7.75. Direct materials $3.40 Direct labor 1.10 Variable overhead 0.45 Fixed overhead (primarily depreciation of equipment) 2.80 Total $7.75 Using the information provided, calculate the annual financial impact of hiring the extra worker. Profit $fill in the blank 1
- Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 2,900 more units per year. Currently, the selling price per unit is $26.00 and the cost per unit is $7.60. Direct materials $3.40 Direct labor 1.10 Variable overhead 0.40 Fixed overhead (primarily depreciation of equipment) 2.70 Total $7.60 Using the information provided, calculate the annual financial impact of hiring the extra worker. What is the profit?Dover’s engineers have developed a method that would lower the printing department’s rate of defective products to 6% at the printing operation. Implementing the new method would cost $1,400,000 per month. Should Dover implement the change? Show your calculations.A business is operating at 90% capacity and is currently purchasing a part which is being used in its manufacturing operations for P15 per unit. The unit cost for the business to make the part is P20, including fixed costs, and P12, not including fixed costs. If 30,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost, increase or (decrease), from making the part rather than purchasing it?
- Bramble Manufacturing produces basketballs used for indoor and outdoor games. The company has had significant troubles over the past few years, as the number of competitors in the basketball market has increased dramatically. Recently, the company was forced to cut back production in order to reduce its rising inventory level. The following is a list of costs for the company in 2022: Variable costs per unit Rubber $2.85 Other materials—indirect 1.30 Ball makers—direct labour 5.50 Factory electricity usage 0.40 Factory water usage 0.15 Other labour—indirect 0.27 Selling and administrative expenses 0.40 Fixed costs per year Factory property taxes $129,600 Factory sewer usage 54,000 Factory electricity usage 43,200 Selling and administrative expenses 89,640 Bramble Manufacturing had an ending inventory of 91,800 basketballs in 2021. For these units, the fixed…Bramble Manufacturing produces basketballs used for indoor and outdoor games. The company has had significant troubles over the past few years, as the number of competitors in the basketball market has increased dramatically. Recently, the company was forced to cut back production in order to reduce its rising inventory level. The following is a list of costs for the company in 2022: Variable costs per unit Rubber $2.85 Other materials—indirect 1.30 Ball makers—direct labour 5.50 Factory electricity usage 0.40 Factory water usage 0.15 Other labour—indirect 0.27 Selling and administrative expenses 0.40 Fixed costs per year Factory property taxes $129,600 Factory sewer usage 54,000 Factory electricity usage 43,200 Selling and administrative expenses 89,640 Bramble Manufacturing had an ending inventory of 91,800 basketballs in 2021. For these units, the fixed…Mr. Ador Estoria, the operations manager of Achos Merchandising Corp. Is worried about the result of its operation this year. Although the accounting dept. has not submitted the financial statements yet, the following data where already available pertaining to year 2020. Total number of units sold at P50 per unit price 120,000 units Total fixed costs and expenses P1,800,000 Variable cost rate 60% Because of other pressing problems, he hired you to give him information and computation that will help him plan for the next year operation. He specifically wants the following (with proofs, if possible): If management projects a profit of P1,200,000 after the 25% tax, how many units should be sold? If the total peso sales generated next year is short by P1million in order to break-even, what is the result of the operation? If the selling price…
- Mr. Ador Estoria, the operations manager of Achos Merchandising Corp. Is worried about the result of its operation this year. Although the accounting dept. has not submitted the financial statements yet, the following data where already available pertaining to year 2020. Total number of units sold at P50 per unit price 120,000 units Total fixed costs and expenses P1,800,000 Variable cost rate 60% Because of other pressing problems, he hired you to give him information and computation that will help him plan for the next year operation. He specifically wants the following (with proofs, if possible): Break-even point in peso sales and in units The margin of safety in peso, in units and in percentage If the profit this year will be doubled next year, how much sales should be realized? If the number of units sold next year, exceeds the…Microhard produces tablets, laptops and televisions. Microhard typically sells 1,000 tablets a year. The tablet information is as follows: Selling price per unit $70 Direct material cost per unit $30 Direct labor cost per unit $10 Total unavoidable allocated overhead $47,000 How much would Operating Income decrease if Microhard were to eliminate the tablets? DO NOT INCLUDE PARENTHESES OR NEGATIVE SIGNS IN YOUR ANSWER.Scholes Systems supplies a particular type of office chair to large retailers such as Target, Costco, and Office Max. Scholes is concerned about the possible effects of inflation on its operations. Presently, the company sells 81,000 units for $65 per unit. The variable production costs are $35, and fixed costs amount to $1,410,000. Production engineers have advised management that they expect unit labor costs to rise by 15 percent and unit materials costs to rise by 10 percent in the coming year. Of the $35 variable costs, 40 percent are from labor and 20 percent are from materials. Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase more than 10 percent. It is also expected that fixed costs will rise by 5 percent as a result of increased taxes and other miscellaneous fixed charges. The company wishes to maintain the same level of profit in real dollar terms. It is expected that to accomplish this objective, profits must increase by 7 percent…