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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Chapter C, Problem 9E
To determine
Concept introduction:
Manufacturing cycle time:
Manufacturing cycle time refers to the entire time of production process. In other words, we can say that total time taken from introducing raw materials till the production of final product, is known as manufacturing cycle time.
(a) Manufacturing cycle efficiency for traditional approach.
(b) Manufacturing cycle efficiency for lean approach.
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An allocation base:
a.
can be units of output if the company has a single
product
O b. is determined before the period begins.
O c. All the given answers are correct.
O d. can be direct labor cost
e. is a measure used to assign manufacturing overhead
costs to products and services
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IZ TWO
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Match the terms a through d with their correct definition 1 through 4. a. Standard cost card b. Management by exception c. Standard cost d. Ideal standard 1. Quantity of input required if a production process is 100% efficient. 2. Managing by focusing on large differences from standard costs. 3. Record that accumulates standard cost information. 4. Preset cost for delivering a product or service under normal conditions.
Management of a T-shirt manufacturer believes if the company applies lean principles, then cycle efficiency can be improved. The
following are estimated completion times for different activities in the manufacturing process.
Activity
Cutting and sewing processing
Wait time before moving to ironing
Moving shirts to ironing
Ironing shirts
Wait time before moving to packaging
Moving shirts to packaging
Packaging shirts
Quality inspection
Activity
Cycle efficiency
Traditional
Traditional
22 minutes
9 minutes
11 minutes
11 minutes
4 minutes
2 minutes
17 minutes.
22 minutes
Compute cycle efficiency for the (a) traditional approach and (b) lean approach.
Note: Round your answers to 2 decimal places.
Lean
Lean
22 minutes
6 minutes
7 minutes
11 minutes.
5 minutes
3 minutes
17 minutes
7 minutes
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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