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- 31) Maimouna Company is providing the following information to you in an intention to calculate the total cost of the company. The cost of the machinery is OMR 50,000 where estimated life is 5 years, Material Used OMR 40,000, Labour OMR 20,000 and Variable Overheads OMR 30,000. Determine the total cost. a. OMR 80,000 b. OMR 180,000 c. None of the options d. OMR 100,000Industrial Designs has been awarded a contract to design a label for a new wine produced by Lake View Winery. The company estimates that 150 hours will be required to complete the project. The firm's three graphic designers available for assignment to this project are Lisa, a senior designer and team leader; David, a senior designer; and Sarah, a junior designer. Because Lisa has worked on several projects for Lake View Winery, management specified that Lisa must be assigned at least 40% of the total number of hours assigned to the two senior designers. To provide label designing experience for Sarah, the junior designer must be assigned at least 15% of the total project time. However, the number of hours assigned to Sarah must not exceed 25% of the total number of hours assigned to the two senior designers. Due to other project commitments, Lisa has a maximum of 50 hours available to work on this project. Hourly wage rates are $30 for Lisa, $26 for David, and $18 for Sarah. (a)…1. A worker earns a minimum daily wage of P537. His regular work hours are from 8:00 am to 5:00 pm with one hour lunch break. The worker's rest day is Thursday. Paydays are every 5th and 20th of the month. Compute his daily gross earnings if his time record shows the following data: Date 21 - Dec Thursday (Rest Day) 22 - Dec Friday 23 - Dec Saturday 24 - Dec Sunday ( Special Holiday) 8:00 am 11:00 am 25 - Dec Monday (Regular Holiday ) NO WORKINO WORK 26 - Dec Tuesday 27 - DecWednesday 28 - DecThursday ( Rest Day) 29 - DecFriday 30 - DecSaturday( Regular Holiday )8:00 am 5:00 pm 31 - Dec Sunday ( Special Holiday) 8:00 am 11:30 am 1- Jan Monday (Regular Holiday ) NO WORKINO WORK 2- Jan Tuesday 3- Jan Wednesday 4- Jan Thursday (Rest Day) |Day Time In Time Out 9:00 am 4:00 pm 8:00 am 5:00 pm 8:00 am 5:00 pm 8:30 am 5:00 pm 8:00 am 5:00 pm 10:00 am 3:00 pm 8:00 am 5:00 pm ]9,00 am 5:00 pm 8:00 am 5:00 pm 8:00 am 4:00 pm
- 00:53:53 C k TB Problem Qu. 5-114 (Algo) Mccabe Corporation uses the weighted-average... for September. Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department Mc Graw Hill control Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 Equivalent units of production Q A 2 Required: the weighted-average method. Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using Z option W S # 3 X F3 Materials E H command D $ 4 DOD DOO F4 Conversion R C do 5 % F U * 8 N DII F8 Units 800 8,200 7,300 1,700 ( 9 F9 K M 0 Materials 55% F10 Percent Complete 75% L H P F11 > Help command Conversion 10% 25% + 11 Save & Exit 2 F12 option 2 Sub deleProblem Answer ALL questions from this section. Write your answers on the supplied answer sheet. Show sufficient work. If necessary, round intermediate calculations and final answers to three decimal places. J 1. The manager of a crew that installs carpeting has tracked the crew's output over the past several we eks, obtaining these figures: Week 10 20 30 43 50 6 Crew Size تمه 30 45 Yards Installed 96- 72- 92- 50, 699 52- 20 39 2₂ Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?Define and Explain the optimization tool i.e. Total Quality Management with example from real world
- Labors Hours Required (Hours/Unit) Department Product 1 Product 2 Hours Available A 1 0.35 100 B 0.3 0.2 36 C 0.2 0.5 50 Profit Contribution/Unit 30 15 X1 X2 Production Constraints Used Available Dept A Hours Dept B Hours Dept C Hours Objective: Profit 1) How many units of product 1 should Hartman produce to get the most profit? 2) How many units of product 2 should Hartman produce to get the most profit? 3) How much profit will Hartman make if they produce the optimal number of product 1 and product 4) In computing the profit contribution per unit, management does not deduct labor costs because they are considered fixed for the upcoming planning period. However, suppose that overtime can…Felix & Company reports the following information. Period 1 567698AWNH 2 3 4 10 Units Produced 0 Cost equation = 460 860 1,260 1,660 2,060 2,460 2,860 3,260 3,660 Total Costs $ 4,560 3,860 4,260 4,860 3,960 4,160 8,660 16,060 4,860 10,782 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts. per unitS7.25 B Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce for institutional use. Zan has years of food processing experience, and Angela has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed costs of $37,500 and variable costs of $1.75 per bag. A more mechanized process will have fixed costs of $75,000 per month with variable costs of $1.25 per 5-pound bag. They expect to sell the shredded lettuce for $2.50 per 5-pound bag. d) What is the revenue at the break-even quantity for the mechanized process? e) What is the monthly profit or loss of the manual process if…
- WBS Element Planned Value(PV) Earned Value(EV) Actual Cost(AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000 Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project schedule performance as of October 31, 20XX? Select one: a. The project is $26,000 behind schedule. b. The project is 18 days behind schedule. c. The project is $26,000 ahead of schedule. d. The project is $18,000 behind schedule.29 - Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value? a) Classification method B) Comparison method NS) Sort method D) Rating method TO) Spacing method4.) After 10 years of production, the chemical manufacturing plant has become very successful. Because of its success, a great demand for products came as many consumers wanted the company to sell them their products. To meet the demand, three alternatives were considered. Work overtime to meet demands. Annual overtime expenses are $500,000. Expand the plant to accommodate more production. Fixed annual expenses are $2,500,000. Make a contract with another company to produce additional products at a rate of $1,000,000. The cost of manufacturing products from the three alternatives are $3500, $3000 and $3250 per unit respectively. The plant sells every unit made regardless of how they were made at $15,000 per unit. The expected demand for the product is 150 units with a probability of 50% 250 units with a probability of 35% 350 units with a probability of 7.5% 400 units with a probability of 5% 500 units with a probability of 2.5%