1. Krissy operates its factory 300 days per year. Its annual used of Material Y is 300,000 gallons. It carries a 2,500 gallon safety stock of material and its lead time is 3 business days. What is the order point for Material Y?
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- Question 1: The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are- Boxes Trays Cost per unit Material A 2 pounds 1 pound $2.5 per pound Material B 4 pounds 3 pounds $1.5 per pound Direct labor 2 hours 2.5 hours $2 per hour The estimated sales by product for the year 2021 are, 42,000 Boxes and 24,000 Trays. Price per Box is $20 and per Tray is $18. The beginning inventories are expected to be as follows: 4,000 pounds 6,000 pounds 1,000 units 500 units Material A Material B Воxes Trays The desired inventories 5,000 pounds 10,000 pounds 4,000 units 2000 units Material A Material B Boxes Trays Requirements 1. Prepare a revenue budget 2. Production schedule (in units) 3. Purchases of raw materials budget (in units) 4. Purchases of raw materials budget (in $) 5. Direct labor budget in hours 6. Direct labor budget in amount ($) 7. Overhead to be charged to productionHere are data regarding the three products that Acme Company makes and sells: Product P Product Q Product R Annual customer demand, in units Selling price, per unit 1,200 units 1,500 units 1,000 units $80 $83 $45 Variable operating costs, per unit Machine time to produce one unit $35 $26 $20 2.5 hours 3.0 hours 1.25 hours Acme's current capacity is 4,250 machine hours per year. What is the maximum amount that Acme should be willing to pay per machine hour to acquire an additional 100 hours of capacity? ○ $18 $20 ○ $23 ○ $19Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $ 93,500 13,500 20,500 44,100 5,000 63,500 30,000 71,400 485,000 27,000 1,000 81,400 21,400 65,000 7,000 30,000 10,000 40,000
- The required production of Libra Manufacturers for October 2024 is 10 000 units of Product A. Each unit requires two kilograms of materials. The manufacturer desires an inventory of 2 000 kilograms of materials on 31 October 2024 but expects to have an inventory of 1 400 kilograms on 01 October 2024. How many kilograms of materials should be purchased? O A. 20 000 OB. 20 600 O C. 19 400 OD. 10 6002. A business produces one product which requires the following inputs: Direct Materials 6 kg at $ 4,80 per kg 4 hour at $7 per hour $18.000 per period Direct labour Building cost Leased machine $600 for every 600 units (each machine has a capacity of 600 units) Store Cost $3.000 per period plus $3 per unit What is the total cost of production and the cost per unit at each of the following production levels: а. -1000 units -2000 units b. Explain why the cost per unit is different at each level of productionWheel and Tire Manufacturing currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing costs Select one: The plant has capacity for 3,000 tires and is considering expanding production to 2,000 tires. What is the total cost of producing 2,000 tires? a. $39,000 b. $78,000 C. 1. $62,000 $20 3 d. they are all wrong 6 10 $39
- A machine costs 9,250 with a trade in value of 710. Th machine can produce 26,800 units and the annual production has been: 1st year 3,600 units 2nd year 4,980 units 3rd year 8,755 units 4th year 6,000 units Find the book value on the 3rd year (units of Production methods) O A. 5,523.91 B. 6,515.93 O c. 3,726.09 O D. 1,814.15A company is going to buy a new machine for manufacturing its product. Four different machines are available. Cost, operating and other éxpenses are as follows: Machine A Specifics Machine B Machine C Php 49,600 2,400 4,200 1,300 3% Machine D Php 24,000 Php 30,000 1,360 9,320 1,900 3% Php 52,000 2,020 2,000 700 3% First Cost Power per year Labor per year Maintenance per year Taxes and insurance Life (year) Money is worth 17% before taxes to the company. Which machine should be chosen? 11,600 2,800 3%A machine costs 9,250 with a trade in value of 710. Th machine can produce 26,800 units and the annual production has been: 1st year 3,600 units 2nd year 4,980 units 3rd year 8,755 units 4th year 6,000 units Find the book value on the 3rd year (units of Production methods)
- Company B furnished you with the following information with respect to material OXO: Annual requirement 3.920 lbs. Cost of ordering P 5 per order Cost of storage 25% of the cost of material EOQ 140 lbs. What is the cost per pound of material XOX? P 8 P 5 P 4 P 2(Question 1 continued) c. What is the total manufacturing cost of each vehicle if 100 vehicles are produced each month? 500 vehicles? How do you explain the difference in the manufacturing cost per unit (briefly)? с.Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3 is 1,100 units and of Product N0 is 400 units. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product R3 1,100 10.0 11,000 Product N0 400 5.0 2,000 Total direct labor-hours 13,000 The direct labor rate is $20.60 per DLH. The direct materials cost per unit is $211.00 for Product R3 and $287.00 for Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product R3 Product N0 Total Labor-related DLHs $ 40,636 11,000 2,000 13,000 Production orders orders 65,880…