1. Determine the amount of value-added and non-value-added lead time and the value-added ratio in this process for an averagestereo unit in a batch of 50 units. Categorize the non-value-added time into wait and move time. Round the percentage to onedecimal place.Value-added lead timemin.Non-value-added lead time:Wait time lead timemin.Move time lead timemin.Total non-value-added lead timemin.Total lead timemin.Value-added ratio (as a percent)%

Step 1: Step 2: Step 3: Step 4:

Answered: 1. Determine the amount of value-added…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 7PA: The following data show the units in beginning work in process inventory, the number of units...

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Similar questions

Compute (a) cycle time, (b) value-added time, (c) non-value-added time, and (d) cycle efficiency using the following information for a manufacturer. Process time. 2.10 days Move time. 0.75 days Inspection time. 0.50 days Wait time. 0.15 days
For a typical order, assume the following times (in hours): storage time (in between processes),5.0; inspection time, 1.0; move time (from process to process), 2.0; and manufacturing (processing) time, 8.0. Given this information, what is the manufacturing cycle efficiency (%), roundedto 1 decimal place (e.g., 45.156% = 45.2%)? (Hint: Refer to Exhibit 14.14 and accompanyingdiscussion.)
For a typical order, assume the following times (in hours): storage time (in between processes), 4.0; inspection time, 2.0; move time (from process to process), 3.0; and manufacturing (processing) time, 6.0. Given this information, what is the manufacturing cycle efficiency (%)? (Hint: Refer to Exhibit 14.14.) (Round your answer to 1 decimal place. (e.g., 32.463% = 32.5%))
Patagania Company reports that its average delivery cycle time is 20.0 days; its average throughput time is 7.5 days; its manufacturing cycle efficiency is 0.32; its average move time is 0.2 day; and its average queue time is 4.0 days: a. What is the wait time? b. What is the process time? c. What is the inspection time? Answer with complete set solution pls
SanaMolp management reports that its average delivery cycle time is 20.0 days; its average throughput time is 7.5 days; its manufacturing cycle efficiency is 0.32; its average move time is 0.2 day; and its average queue time is 4.0 days: a. What is the wait time? b. What is the process time? c. What is the inspection time? Answer with solution pls
The first step in determining the cost per EUP per cost component under the weighted average method is to * a. add the beginning Work in Process Inventory cost to the current period's production cost.b. divide the current period's production cost by the equivalent units.c. subtract the beginning Work in Process Inventory cost from the current period's production cost.d. divide the current period's production cost into the EUP.
The first step in applying the average cost method when computing for the unit cost is to: a. Add the beginning work in process costs to the current period’s production costs. b. Divide the current period’s production costs by the equivalent units. c. Subtract the beginning work in process costs from the current period’s production costs. d. A and B
The assembly-line activities are given as follows for the manufacturing of a product: Performance Time (mins) Performance Time (mins) 6 4 5 3 Task A B с D Predecessors A B B Task E F G H 524 2 Predecessors C с D, E, F G For a given 7-minute cycle time after allowances, the theoretical minimum number of workstations = (round your response to the immediate higher whole number).
a. Prepare a production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)
Based on the diagram, which represents the EOQ model.Which line segment represents the length of time to consume the total quantity of materials ordered? a. DE b. BC c. AC d. AE e. AD
Required: (Use five decimal places to compute for unit cost) . What are equivalent units of production for conversion cost? 0. Total costs of transferred out units C. The amount of work in-process, end
The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added 50% at the beginning of the process and 50% at the end of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted-average method? Assume that the quarters are independent.

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