Managerial Accounting
6th Edition
ISBN: 9781259726972
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Textbook Question
Chapter C, Problem 8E
A manufacturer makes T-shirts in several processes. Information on the components of cycle time follow. Compute (a) value-added time, (b) inspection time, (c) move time, (d) wait time, and (e) cycle time.
Exercise C-8
Cycle time A1
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Students have asked these similar questions
Compute (a) manufacturing cycle time and (b) manufacturing cycle efficiency using the following information from a manufacturing company. Process time. 15.0 minutes Move time. 6.4 minutes Inspection time. 2.0 minutes Wait time. 36.6 minutes
Please use Table 1 to ANSWER this question. COVID Co. produces two different products (Product A and Product X) using two different activities: Machining, which uses
machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $1,000,000, while the cost of Inspection is
$2,700,000. What is the activity rate for Inspection?
Select one:
O b. None of the given ANSWER
c. 52,000 per batch
O d.545,000 per batch
Oa.51.500 per batch
Problem 2
Instruction: Indicate what particular column in the worksheet where the following items
are to be extended. Place a "check mark"
Items
Manufacturing
Income Statement
Balance Sheet
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
FG, beg.
FG, end.
Goods in Process,
beg
Goods in Process,
1.
2.
3.
4.
end
RM, beg
RM, end
Factory Supplies
Inv.
Factory Supplies
Used
5.
6.
7.
8.
9. Salaries-Office
10. Salaries-Factory
11. Repairs-Office
Eqpt.
12. Repairs-Factory
Eqpt.
13. Light and Water-
Office
14. Light and Water-
Factory
15. Tools Used
16. Patents
17. Amortization of
Patents
18. Purchases - RM
19. Freight-in
20. Sales
Chapter C Solutions
Managerial Accounting
Ch. C - Prob. 1DQCh. C - How does push production differ from pull...Ch. C - Prob. 3DQCh. C - Prob. 4DQCh. C - Prob. 5DQCh. C - Prob. 6DQCh. C - Prob. 7DQCh. C - Prob. 8DQCh. C - Prob. 9DQCh. C - Prob. 10DQ
Ch. C - Prob. 11DQCh. C - Prob. 12DQCh. C - Can management of a company like Samsung use cycle...Ch. C - Identify each of the following as applying more to...Ch. C - Identify each of the following as applying more to...Ch. C - Prob. 3QSCh. C - Use lean accounting to prepare journal entries for...Ch. C - Prob. 5QSCh. C - Prob. 6QSCh. C - Prob. 7QSCh. C - Prob. 8QSCh. C - Prob. 9QSCh. C - Prob. 10QSCh. C - Prob. 11QSCh. C - A company reports ending accounts payable of...Ch. C - Prob. 13QSCh. C - Identify each of the following production...Ch. C - Prob. 2ECh. C - Prob. 3ECh. C - Prob. 4ECh. C - Prob. 5ECh. C - Prob. 6ECh. C - Prob. 7ECh. C - A manufacturer makes T-shirts in several...Ch. C - Prob. 9ECh. C - Prob. 10ECh. C - Use the information below for Tesla to answer the...Ch. C - Prob. 12ECh. C - Prob. 13ECh. C - Prob. 14ECh. C - Robo-Lawn is a lean manufacturer of robotic lawn...Ch. C - Prob. 2PCh. C - Prob. 3P
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- Steinwand Corporation keeps track of the time required to fill orders. Data concerning a particular order appear below: Hours Processing Time Inspection Time Moving Time Storing Time 2.9 1.2 3.8 8.2 The manufacturing cycle time was:arrow_forwardA company makes a product R. which requires one each of two first-level components, 5 and T. Routing data for these items are as follows tem Operation No. Dept Work Center Run Time Per unit Setup Time Average Lot size No. No. Std hours) Std hours) R 10 12 0.80 1.50 20 10 12 16 0.50 0.60 40 20 14 1.20 2.00 40 10 16 1.00 0.40 40 20 14 0.30 1.20 40 (a) The Bill of Capacity for product R (in standard hours) at work center 12 is closest to:arrow_forwardInfo from image "ACC PT1" can be applied to image "ACC PT2" and (b) below is ssociated with image "ACC PT2" (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply The predetermined overhead rate changed.unanswered The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.unanswered The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.unansweredarrow_forward
- 14. An example of an activity cost pool is a. number of setups. b. setting up machines. c. number of inspections. d. machine hours.arrow_forward36-Placing of a purchase order, setting up of a machine, after sales service, etc. are the examples of O a. activities O b. Cost centers O c. Cost objects O d. Cost driversarrow_forwardPART 1: COMPLETING MISSING INFORMATION BONZZE Electronics manufactures two large-screen television models: the Foyale which sells for $1,800, and a new model, the Lajestic, which sells for $1,350. The production cost computed per unit under traditional costing for each model in 2021 was as follows. Traditional Costing Foyale Lajestic Direct materials Direct labor ($20 per hour) Mfg overhead ($38 per DLH) Total per unit cost $1,200 In 2021, BONZZE manufactured 26,000 units of the Foyale and 10,000 units of the Lajestic. The overhead rate of $38 per direct labor hour was determined by dividing total expected manufacturing overhead of $7,500,000 by the total direct labor hours (200,000) for the two models. Under traditional costing, the gross profit on the models was Foyale $600 or ($1,800 - $1,200), and Lajestic $570 or ($1,350 - $780). Because of this difference, management is considering phasing out the Foyale model and increasing the produc- tion of the Lajestic model. Cost Driver…arrow_forward
- 5-6A : Compute the overhead rate for each activity pool. Determine the overhead cost allocated to each product. **Need Help with 5-7A, having to use excel**arrow_forwardBenson Woodcraft Company manufactures "antique" wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks for your assistance. He believes that he needs to better understand the cost of the cabinets for pricing purposes. You have collected the following data concerning actual production over the past year: Number of Cabinets Total Month Produced Cost $21,400 32,900 29,600 18,700 28,900 27,200 25,500 31,900 32,400 31,700 32,100 9,800 January 840 February 3,610 1,970 March April Мay 640 1,590 June 1,320 July August September 1,140 1,760 2,340 2,970 3,340 October November December 310 Required a. To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line. (1) Enter the number of units and their costs in increasing order. b. Using the high-low method, compute the total cost equation for the preceding data. (1) Compute the variable cost per unit. (2) Compute…arrow_forward3. Draw a Work-Breakdown Structure up to level 3 in the following format: Activity 1. (main activity) 1.1 (sub-activity) 1.1.1 (subsub-activity) 1.1.2 1.1.3 2. 2.1 2.1.1 etc. Total 1.2 (etc.) Total GRAND TOTALS: Duration (Start/Finish dates) 1 week 2 days 1 day 2 days 2 weeks 3 weeks 1 week Budget/Cost Responsible person/unit 10 000 4 000 1 000 5 000 5 000 R15 000 R20 000 Total project duration=4 weeks (per example above) Total project budget = R35 000 (per example above) Performance indicator(s)arrow_forward
- 14. The cost of Work in process -End in Dept X is 15. The cost of Work in process beginning in Dept X 16. The cost of Work in process beginning in Dept Yarrow_forward3. PERT NETWORK. A company is faced with the following PERT network situation (time in days): В 1-5- 9 Start 2 -4 -6 4 -8 - 12 2 -6 - 10 A D E 1-3 - 5 C 3 - 4 - 5 REQUIRED: a. Calculate te(expected time) for each activity. For each activity, the estimates are to, tm, tp, in that order. b. Calculate the total time for each path and identify the critical path. ||arrow_forwardA manufacturer reports three activities: assembling components into products; product design; and purchase order processing. Determine whether each of the following cost drivers relates to assembly, design, or purchase order processing. Cost Driver 1. Number of design changes 2. Finishing machine hours 3. Number of design hours 4. Number of purchase orders received 5. Number of purchase orders processed 6. Direct labor hours to finish production Activityarrow_forward
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alue Chain Analysis EXPLAINED | B2U | Business To You; Author: Business To You;https://www.youtube.com/watch?v=SI5lYaZaUlg;License: Standard Youtube License