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Managerial Accounting: The Corners...
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Managerial Accounting: The Corners...
Use the following information for Brief Exercises 11-23 and 11-24:
Theta Company has the following data for one of its manufacturing plants:
Maximum units produced in a quarter (3-month period): 400,000 units Actual units produced in a quarter (3-month period): 375,000 units Productive hours in one quarter: 20,000 hours
11-23 (Appendix 11A) Calculating Cycle Time and Velocity
Refer to the information for Theta Company above.
Required:
Compute the (1) theoretical cycle time (in minutes), (2) actual cycle time (in minutes), (3) theoretical velocity in units per hour, and (4) actual velocity in units per hour. (Round units to the nearest whole unit.)
(1)
Calculate theoretical cycle time (in minutes).
Cycle Time:
Cycle time is the activity performance measure that calculates the duration of time which is required to manufacture one unit of product.
Use the following formula to calculate the theoretical cycle time:
Substitute 20,000 hours for productive hours, 60 minutes for a number of minutes in an hour and 400,000 units for maximum units produced in the above formula
(2)
Calculate the actual cycle time (in minutes).
(3)
Calculate theoretical velocity (in units per hour).
(4)
Calculate actual velocity (in units per hour).
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