The Total Manufacturing costs incurred for the month was $620,525. Beginning work in process was $152,000. There were $260,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?

The Total Manufacturing costs incurred for the month was $620,525. Beginning work in process was $152,000. There were $260,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section: Chapter Questions

Problem 111P

See similar textbooks

Similar questions

The following production data were taken from the records of the finishing department for June: Inventory in process, June 1, 25% completed 260 units Transferred to finished goods during June 5,000 units Equivalent units of production during June 5,495 units Determine the number of equivalent units of production in the June 30, finishing department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a.448 units b.840 units c.672 units d.560 units
Bill of material (BOM) details all the sub-component, material, and parts used to make one product. There is a dinner party at your home of a few guests, and you are managing your kitchen. Develop a BOM of any main dish (main course) of your own choice in a tree format. (Hint: Select number of people that will be served with dinner and quantity of that main course to be prepared in appropriate units). Units: tea spoon, table spoon, a cup, grams etc.
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)
Bill of material (BOM) details all the sub-component, material, and parts used to make one product. There is a dinner party at your home of a few guests, and you are managing your kitchen. Develop a BOM of any main dish (main course) of your own choice in a tree format. (Hint: Select number of people that will be served with dinner and quantity of that main course to be prepared in appropriate units) Let us assume that you are managing the complete food for dinner, and the food will be served at 9:00 PM sharp. You have decided to serve one main course item, as mentioned in the previous part (a), one sweet dish of your choice, and salad. Prepare a lead-time tree for your complete project and explain the total lead-time from start preparation to serving the dinner for your guests. Secondly, what is the latest time you must start preparing your dinner?
Company A recently completed and sold an order of 50 units that had the following costs: Direct materials Direct labor* (1000 hours @ P8.50) |Variable overhead (1000 hours @ P4.00) Other overhead costs** Total 1500 8500 4000 1400 15400 | *Applied on the basis of direct labor hous **Applied at the rate of 10% of variable cost The company has now been requested to prepare a bid for 150 units of the same product. If an 80% incremental unit-time learning curve is applicable, Company A's total cost on this order would be estimated at
Bill of material (BOM) details all the sub-component, material, and parts used to make one product. There is a dinner party at your home of a few guests, and you are managing your kitchen. a) Develop a BOM of any main dish (main course) of your own choice in a tree format. (Hint: Select number of people that will be served with dinner and quantity of that main course to be prepared in appropriate units). Units: tea spoon, table spoon, a cup, grams etc. b) Let us assume that you are managing the complete food for dinner, and the food will be served at 8:00 PM sharp. You have decided to serve one main course item, as mentioned in the previous part (a), one sweet dish of your choice, and salad. Prepare a lead-time tree for your complete project and explain the total lead-time from preparing to serving (start to complete) the dinner for your guests. Secondly, what is the latest time you must start preparing your dinner?
Bill of material (BOM) details all the sub-component, material, and parts used to make one product. There is a dinner party at your home of a few guests, and you are managing your kitchen. a) Develop a BOM of any main dish (main course) of your own choice in a tree format. (Hint: Select number of people that will be served with dinner and quantity of that main course to be prepared in appropriate units). Units: tea spoon, table spoon, a cup, grams etc. b) Let us assume that you are managing the complete food for dinner, and the food will be served at 8:00 PM sharp. You have decided to serve one main course item, as mentioned in the previous part (a), one sweet dish of your choice, and salad. Prepare a lead-time tree for your complete project and explain the total lead-time from preparing to serving (start to complete) the dinner for your guests. Secondly, what is the latest time you must start preparing your dinner? NOTE: USE MS WORD FOR MAKING TREE CHART. COPY PASTE WORK IS…
Consider the following product structure (bill of material). One hundred and fifty (150) units of Product A are needed in week 10. Assuming no on-hand inventory of A exists, explode the bill of material, and use the following information to construct a net requirements plan for all the items. You must use the template provided by the instructor and provide all the information needed on the template. There are no scheduled receipts for all the items. Item On-hand Inventory Lead time (weeks) A 0 2 B 20 2 C 10 1 D 0 3 E 5 1 F 10 3 Item: LT= 1 2 3 4 5 6 7 8 9 10 11 12 Gross Requirements Scheduled Receipts Projected on Hand Net Requirements…
Two months ago Harry was asked to prepare cash budget with a very short notice. He did an excellent job and handled it before the due date. However his supervisor didn’t even notice that it was a very good job, he immediately assigned another hard job. The managers had treated Sue in the same manner last year. Now Sue has been asked to prepare a feasibility report for the new production facility that the firm was thinking of building. Although it is a hard job, Sue thinks that she will be able to prepare a very good report. However she is very unwilling to prepare it and although time is limited she hasn’t even started to prepare. Sue and Harry began to discuss their supervisors. They thought that their supervisor doesn’t care about their well-being, but he is ready whenever supervision is needed. He clarifies the tasks well, and helps the employees to solve problems related to the job but otherwise, he never interferes. On the other hand, the leader doesn’t let employees try new…
What are the similarities between the CPFR and S&OP processes? What are the differences?
“How many dozen should I put in the proofer?” asked Elizabeth, the new baker at the Sands Cafeteria. Rami El‐Hussieny was the day shift operations manager, and, unfortunately, he did not know how to answer Elizabeth's question. What she wanted to know was simple enough: How many dozen rolls should be placed in the proofer in anticipation of the night's dinner business? The problem was that the frozen dinner roll dough used at the Sands Cafeteria needed to be proof for at least 2 hours prior to being baked for 15 minutes. If too many rolls were proofed, they would never be needed, but they would still have to be baked and made into bread dressing or even tossed out. If too few dozen were proofed and the night was busier than anticipated, they would run out of “Fresh Baked Rolls” (one of the restaurant's signature items), and Rami knew that the night manager would be really upset. It was a daily guess, and sometimes Rami missed the guess! He wondered if a prebaked roll with a shelf life…
As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 1 clamp and 1 housing. Each clamp has 1 handle and 2 castings. Each housing has 1 bearing and 2 shafts. There is no inventory on hand. Part 2 a) Design a product structure noting the quantities for each item and show the low-level coding. Match each number in the structure below with the corresponding item. Number Item I Spring Subscript left parenthesis 2 right parenthesisSpring(2) II Housing Subscript left parenthesis 1 right parenthesisHousing(1) III Casting Subscript left parenthesis 2 right parenthesisCasting(2) IV Shaft Subscript left parenthesis 2 right parenthesisShaft(2) Bracket Base(1) Clamp(1) Handle(1) Clamp(4) Bearing(1) Handle(1) Casting(2) IIIIIIIV Part 3 b) Determine the…