BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
1 views

Velocity and Cycle Time

Kolby Company takes 36,000 hours to produce 144,000 units of a product.

Required:

What is the velocity? Cycle time?

To determine

Calculate the velocity and cycle time.

Explanation

Cycle Time:

Cycle time is the activity performance measure that calculates the duration of time which is required to manufacture one unit of product.

Velocity refers to the number of units that is manufactured in the given duration of time. For example, output per hour.

Use the following formulae to calculate the velocity:

Velocity=Units producedTime

Substitute 144,000 for units produced and 36,000 for time.

Velocity=144,00036,000=4units per hour

Therefore, the value of velocity is 4 units per hour

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What are real accounts? What are nominal accounts? Give examples of each.

College Accounting (Book Only): A Career Approach

How would each of the following scenarios affect a firms cost of debt, rd( 1 T); its cost of equity, rs; and i...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)