Honeysuckle Inc. produces canvas bags. The production budget for the next four months is: July 5,200 units, August 7,300, September 7,600, October 8,400. Each bag requires 1.5 hours of unskilled labor (paid $9 per hour) and 2.1 hours of skilled labor (paid $14 per hour). Required: Prepare a labor budget for the three months July through September. Provide the labor requirements according to skill level in hours and in labor cost as well as in total. Provide the budget monthly as well as a total for the quarter. Production Unskilled Hours Skilled Hours Total Labor Hours Unskilled Cost Skilled Cost Total Labor Cost July August September $ $ Total 0 0 0 0 0 0 0
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- Barker Company produces and sells a single product with budgeted or standard costs as follows: Inputs Standards Direct materials 10 lbs at $10.00 per pound Direct labor 8 hours at $12.50 per hour Variable factory overhead 8 hours at $20.00 per hour Fixed factory overhead 8 hours at $40.00 per hour Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level. Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales. Unit Sales are budgeted as follows: January February March April 1,000 1,200 1,600 1,400 The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and…Cathy’s Coney Islands operates seven days per week.Demand is relatively constant during the week and tails off onthe weekend. She estimates that she needs fi ve employees Mondaythrough Friday, and two employees on Saturday and Sunday. Sheis committed to giving each employee two consecutive days offduring the week. Develop a workforce schedule for CathyDescribe the relationship between production scheduling andinventory levels.
- Manufacturing Company uses FIFO method of accumulating costs in a two-department process. Materials are introduced at the inception of the process except for a special material which is added in department 2 at 60% completion as to overhead. Inspection is done at the end of the process in both departments. Production data for Department 2 are given below: In process, beginning, (80% labor, 70% overhead)2,000 Transferred in 14,900 In process, ending (40% labor, 20% overhead) 3,000 Normal spoilage 200 Abnormal spoilage (found at 30% completion as to laborand 15% as to overhead due to internal failure) 400 Cost data for the month:In process beginning:Transferred in 15,020 Special materials 1,900 Direct labor 4,388 Overhead 11,044 Current costs:Transferred in 137,080 Special materials 14,030 Direct labor 46,000 Overhead 113,564 The cost of units transferred to finished goods is?The cost of spoilage charged to revenue is?Ivory Corporation manufactures two products (A and B). The overhead costs have been divided into four cost poolsthat use the following activity drivers: Product Number of Orders Number of Set-ups Number of Labor Labor Hours Transactions 20 35 1,000 1,500 Rs.120,000 A 75 B 5 70 125 Cost per pool Rs.15,000 Rs.8,400 Rs.40,000 Required: a) Compute the allocation rates for each of the activity drivers listed. b) Allocate the overhead cost to Product A and B using activity-based-costing. c) Compute the overhead rate using machine hours under the functional based costing system. d) Allocate the overhead cost to Product A and B using the functional-based costing system overhead rate calculated in part ©."Discuss the difference between resource loading and resource leveling, and provide an example of when you would use each technique"
- Consuelo Chua, Inc., is a Columbian disk drive manufacturer in need of an aggregate plan for July through December. The company has gathered the following data. There are 8 hours of production per day. Holding cost Subcontracting Regular-time labor Overtime labor Hiring cost Layoff cost Costs $8/disk drive/Month $80/disk drive Month $12/hour $18/hour (above 8 hours) $40/worker $80/worker 0 June 1 July 2 August 3 September 4 October 5 November 6 Doramhar What will each of the two following strategies cost? a) Vary the workforce so that production approximates demand. Chua had eight workers on board in June. (Enter all responses as whole numbers). Demand* Fill in the table below. (Enter all responses as whole numbers. In the hire/layoff column, use positive numbers for hires-plus signs omitted; negative numbers for layoffs.) 400 500 550 700 800 700 Current workforce (June) Labor-hours/disk drive Workdays/month Beginning Inventory 150 Other Data 20 days Beginning Inventory 150 disk…Alocal toy manufacturer is using a production line that runs 8 hours per day and produces a toy that requires a total of 7 tasks to be performed. The daily demand is 100 toys. Times of the tasks are 2.73, 2.01 201 2.13, 2.0, 2.61, 2.71 , and 2.95 minutes for A,B,C,D,E,F, and respectively. However, due to the nature of the product there are precedence rules that must be observed. Such that Task Adoes not need any predecessorsB requires task A to completed. To start task C and task Deach require task B to be completed. Task C must be completed prior to stating task E. Task F needs both task D and task Eto be completed. Finally, task G can start only once task Fis completed.Given we apply the most remaining tasks rule for balancing the assembly line with ties broken according to longest task time firstthe tasks that will be assigned to the SECOND workstation areTailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwind shoe, which sells for $210, contains both gas- and liquid-filled compartments to provide more stability and better protection against knee, foot, and back injuries. Manufacturing the shoes requires 10 separate tasks. There are 400 minutes available for manufacturing the shoes in the plant each day. Daily demand is 64. The information for the tasks is as follows: Task Performance Time (mins) Predecessors A 1 − B 3 A C 1 B D 4 B E 1 C, D F 3 A G 2 F H 5 G I 1 E, H J 3 I a) The efficiency of the assembly line with 5 workstations shown in the figure chosen above=(enter your response as a percentage rounded to one decimal place). b) The idle time for the assembly line per cycle =minute(s) (enter your…
- Tailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwindshoe, which sells for $210, contains both gas- and liquid-filled compartments to provide morestability and better protection against knee, foot, and back injuries. Manufacturing the shoesrequires 10 separate tasks. There are 400 minutes available for manufacturing the shoes inthe plant each day. Daily demand is 60. The information for the tasks is as follows: Task Performance Time (In minutes) Task Must Follow This task A 1 ___ B 3 A C 2 B D 4 B E 1 C.D F 3 A G 2 F H 5 G I 1 E,H J 3/25 I 1. What is the theoretical minimum number of work stations required to satisfy this output rate? 2. Allocate the tasks to work stations taking into consideration the precedence requirements and usingthe LOT rule to break ties between feasible tasks.Develop an imaginary plan of differential piece rates to be introduced for the workers, engaged in sewing shirts.Dohini Manufacturing company had following 12 months of data on purchasing cost and number of purchase orders. Required: 1. Determine the high point and low point. 2. Calculate the variable rate for purchasing cost based on the number of purchase orders. (Round to nearest cent) 3. Calculate the fixed monthly cost of purchasing.(Round to nearest dollar). 4. Write the cost formula for the purchasing activity showing the fixed cost and the variable rate. 5. If Dohini manufacturing company estimates that next month will have 430 purchase orders, what is the total estimated purchasing cost for the that month?(Round to nearest dollar) 6. What if Dohini manufacturing wants to estimate purchasing cost for the coming year and expects 5340 purchase orders? What will estimated total purchasing cost be? What is the total fixed purchasing cost? Why doesn't equal the fixed cost calculated in Requirement 3?(Round to nearest dollar)