following costs per unit. Direct materials $ 60 Direct manufacturing labor 20 Allocated manufacturing overhead 80 $160 Final inspection of Job 911 disclosed 100 defective units and 50 spoiled units. The defective instruments were reworked at a total cost of $12‚000‚ and the spoiled instruments were sold to a jobber for $3‚000. If the costs associated with spoilage and reworked units are considered as normal to manufacturing operations‚ the unit cost of the good units produced on Job
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activity or output. If output doubles‚ so does the variable cost i.e. direct labour and direct materials BREAK-‐EVEN POINT • To calculate the break-‐even in units arithmetically‚ we use the formula:
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transportation/scanning of such units. In this project‚ we will be focusing on Maxis CT. In one quarter (Jan-Mar)‚ the total cost incurred is around 12KE. Therefore in 1 year‚ this figure would be in the range of 50KE. Thus‚ with an aim to reduce this by 50%‚ the saving would be around 24KE for 1 CT in 1 year. The learning’s of this project will be applied in other CSP’s as well with a potential saving of more than 50 KEuro. Opportunity Statement/Defect Def 2012 data: Jan-June Maxis: NFF units: 13.47% of total
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least 9 units of Vitamin 1 and 10 units of Vitamin 2. A pound of beef contains 10 units of Vitamin 1 and 12 units of Vitamin 2. A pound of grain contains 6 units of Vitamin 1 and 9 units of Vitamin 2. Formulate this as an LP problem to minimize the cost of the dog food. How many pounds of beef and grain should be included in each pound of dog food? What is the cost and vitamin content of the final product? Data: Cost per pound Vitamin 1 per pound Vitamin 2 per pound Beef 0.90 10 units 12 units Grain
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costs using process costing. The following information is provided under the Mixing department for the month of August: Whole Units Work in Process‚ August 1 40‚000 gallons Units Started and Completed this Period 60‚000 gallons Units Completed and transferred out during August 100‚000 gallons Work in Process‚ August 31
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available hours‚ and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1‚ while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit‚ and the profit for product 2 is $4 per unit. a. Formulate a linear programming model for this problem. b. Solve the model by using graphical analysis. 6. The Pinewood Furniture Company produces chairs and tables from two resources – labor and wood
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SPSS computer program is well designed for purposes of conducting a survey to survey research and being a modular product‚ it requires a base system module to function. Dickey Fuller Test using SPSS is applied in statistics to test whether there is a unit test that is present in an autoregressive model. The test was developed by D.A. Dickey and W. A Fuller and is named after these two statisticians. The two developed this test owing to the fact that there were instances when one would be required to
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buildings and monuments of India has made a profound discovery. He has shown that the unit of length used by the builders through the ages surprisingly remained the same for over 3900 years. This reveals a new dimension in metrology — the science of measurement — in the Indian subcontinent. From the Harappan settlements of 2000 B. C. and the Delhi Iron Pillar of Gupta period (320–600 AD) to the 17th century Taj Mahal‚ the unit ’angulam ’ had remained the standard of measurement in engineering plans‚ says
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company’s accounting records: • There were no units in the work in process inventory and 150‚000 units in the finished goods inventory at the beginning of the month. • The company sold 500‚000 units during the month. • There were 32‚000 units‚ which were 75% complete as to conversion costs‚ in the work in process inventory and 120‚000 units in the finished goods inventory at the end of the month. Part (a) How many units were transferred from the Packaging Department to the
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during the manufacturing process. All materials‚ leather strips‚ and buckles are introduced at the beginning of the process. The firm uses average method to calculate its unit costs. The leather belts produced at the Harrisburg Plant are sold wholesale for $22.95 each. Management wants to compare the current manufacturing costs per unit with the market prices for leather belts. Top management has asked the plant controller to submit data on the cost of manufacturing the leather belts for the month of
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