Answer: 36 seconds.
Explanation:
Based on the information given in the question, the Taktzeit for the ice-cream scoopers will be calculated thus:
First and foremost, Taktzeit refers to the time taken between the beginning of production for one unit and the beginning of the next unit.
From the information given, the available Time is 1 hour which can be converted to secunds and this will be:
1 hour = 3600 seconds
Hourly Demand = 100
Then, the takzeit will be:
= 3600/100
= 36 seconds
(B) $125.00
(C) $110.00.
(D) $115.00.
Answer:
Option (A) is correct.
Explanation:
Part A:
Cost = No. of units × cost per unit
= 5 × $5
= $25
Replacement cost = No. of units × cost per unit
= 5 × $4
= $20
Value to be recognized = $20
Part B:
Cost = No. of units × cost per unit
= 10 × $6
= $60
Replacement cost = No. of units × cost per unit
= 10 × $7
= $70
Value to be recognized = $60
Part C:
Cost = No. of units × cost per unit
= 10 × $3
= $30
Replacement cost = No. of units × cost per unit
= 10 × $2
= $20
Value to be recognized = $20
Therefore,
Value of Ending inventory = Sum of recognized value of all the three parts
= $20 + $60 + $20
= $100
Hence, the total value of this company's ending inventory is $100.
Favorable temporary differences
Unfavorable temporary differences
Favorable permanent differences
Taxable income
Tax rate%
Answer:
The company’s current income tax expense or benefit is $350,880.
Explanation:
Pre-tax book income $ 1417500
Favorable temporary differences -$300000
Unfavorable temporary differences $106500
Favorable permanent differences -$192000
Taxable income $1032000
Current income tax expense ($1032000 x 34%) $350880
Therefore, The company’s current income tax expense or benefit is $350,880.
a. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)
b. Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%)
c. Using the discounted cash flow technique, compute the net present value.
Answer:
Payback period = 3.6 years
Annual rate of return = 11.50%
NPV = 243.59
Explanation:
The payback period: The estimated number of years it will take the initial cost to be recouped.
Payback period= initial cost/ Net cash inflow
= 183,600/51,000
= 3.6 years
Annual rate of return is the average annual income as a percentage of average investment
Annual rate of return = annual net income/ average investment
Average investment =( Initial,cost + scrap value)/2
= (183,600 + 0)/2 = 91,800
Annual rate of return = (10,557/91,800)× 100
= 11.50%
Net Present Value = The present value of cash inflow less the initial cost
PV of cash inflow = A × (1- (1+r)^(-n))/r
= 51,000 × (1- (1.12)^(-5)/0.12
= 183,843.59
NPV = 183,843.59 - 183,600
= 243.59
Answer:
A) cost of goods manufactured schedule
Factory Insurance 4,700
Factory Utilities 29,100
Factory Machinery Depreciation 19,000
Direct Labor 147,750
Plant Manager`s Salary 65,600
Indirect Labor 26,560
Factory Property Taxes 9,810
Factory Repairs 1,600
Add Beginning Work in Process Inventory 26,800
Less Closing Work in Process Inventory (22,300)
Cost of Goods Manufactured $308,620
B) income statement through gross profit
Sales Revenue 564,000
Less Sales Discounts (4,700)
Net Sales 559,300
Less Cost of Goods Sold :
Finished Goods Inventory 98,200
Add Cost of Goods Manufactured 308,620
Less Closing Finished Goods Inventory (26,100) (380,720)
Gross Profit 178,580
C) current assets section of the balance sheet at June 30,2017
Current Assets
Raw Materials Inventory 46,000
Work in Process Inventory 22,300
Finished Goods Inventory 26,100
Accounts Receivable 27,100
Cash 35,600
Total Current Assets 157,100
Explanation:
Raw Materials Consumed in Production Calculation
Open a Raw Materials T - Account as follows :
Debit :
Opening Balance $51,100
Purchases $97,500
Totals $148,600
Credit :
Closing Balance $46,000
Requisitioned for Production (Balancing figure) $102,600
Totals $148,600
Answer:
Mechanization
Explanation:
When a ware house is being setup, the aim is to get an efficient one that can service demand in a timely manner.
In order to minimise cost and maximise efficiency there is need to space, labour, and mechanisation that will be used on the production process.
Various analysis like capacity analysis and equipment analysis are carried out to ensure fast and cheap operation of the warehouse.
Inefficient warehouse designs leads to delay in service delivery and extra cost to the business.
Answer:
Eric Pense Journal Entries:
a. Dr Cash$23,000
Dr Office Equipment12,000
Cr Pense, Capital$35,000
b. Dr Land $8,000
Dr Building $33,000
Cr Cash$15,000
Cr Notes payable$26,000
c.Dr Supplies 600
Cr Accounts payable$600
d.Dr Automobile$7,000
Cr Capital$7,000
e.Dr Office Equipment$1,100
Cr Accounts payable$1,100
f.Dr Salary $800
Cr Cash$800
g.Dr Cash$2,700
Cr Fees Earned$2,700
h. Dr Utilities Expense$430
Cr Cash$430
i.Dr Account payable$600
Cr Cash$600
J. Dr Office Equipment $4,000
Cr Cash$4,000
k. Dr Accounts receivables$2,400
Cr Fees Earned$2,400
l. Dr Salary$800
Cr Cash$800
m. Dr Cash$1,000
Cr Accounts Receivable$1,000
n.Dr Pense, Withdrawal$1,050
Cr Cash$1,050
Explanation:
To record the transactions using the given account titles, journal entries need to be prepared. Each transaction must be debited and credited to the appropriate accounts based on the nature of the transaction.
In order to record the transactions provided, journal entries need to be prepared using the given account titles. Here is an example of how to record a transaction using these accounts:
Continue the same process for all other transactions, making sure to debit and credit the appropriate accounts based on the nature of the transaction. Use the given account numbers to assign each entry to the correct account.
Overall, journal entries are used to record the financial transactions of a business, showing how money is received or spent and the impact on various accounts.
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