Operations Management Expert Answers & Study Resources

Question industries has prepared a budget for september, with production of $20,000 units of its product.Each unit requires 2.5 hours of direct labour at a cost of $28.00 per hour. Actual production for the month was 18,750 units,with an actual labour rate of $29.50 per hour.Industry reported an unfavourable drect labour.

Question Planning is a function that involves setting goals and objectives for an entity. analyzing financial statements. coordinating the accounting information system. hiring the right people for a particular job. .

Question Meyers Corporation had the following inventory balances at thebeginning and end of November: November 1 November 30 Raw Materials$ 40,000 $ 16,000 Finished Goods $ 118,000 $ 103,000 Work inProcess $ 20,000 $ 26,000 During November, $92,000 in raw materials(all direct materials) were drawn from inventory and used inproduction. The.

Question Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,980. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,900, and the actual.

Question Amanda M. worked the following schedule: Monday 8 hours, Tuesday 9 hours, Wednesday 7 hours 48 minutes, Thursday 8 hours, Friday 8 hours. The employer pays overtime for all the time worked in excess of 40 hours per week. Amanda is paid $20 per hour. Fill in the chart below: Regular.

Question The auto repair .............: * please give me the right answer. The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Motor tune-up Standard Hours Standard Rate Standard.

  Determine the probable average cost per hour in the 3^rd year of the equipment for owning and operating a wagon under the conditions listing below. Use the straight-line method of depreciation. Operator cost $20/hr Operating conditions Average Delivered price $142,000 Cost of set of tires $12,000 Expected life 5years Hours.

Question 1) MC Qu. 101 Jolin Corporation keeps careful ... Jolin Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: The throughput time was: A) 35.1 hours B) 38.5 hours C) 12.4 hours D) 3.4 hours   Hours Move time 2.0 Wait time 26.1 Queue time 9.0 Process time 1.2 Inspection time 0.2   .

Question Blue Corporation's standards call for 6,000 direct labor-hoursto produce 1,500 units of product. During May 1,350 units wereproduced and the company worked 1,400 direct labor-hours. Thestandard hours allowed for May production would be: 6,000 hours 1,400 hours 5,400 hours 4,650 hours   .

Question The auto repair .............: * please give me the right answer. The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Motor tune-up Standard Hours Standard Rate Standard.

Question Ridgeway Corporation uses direct labor hours to allocate overhead to Work-in-Process. The company's budgeted overhead is $420,000 and it expects to produce 40,000 vases this period. It takes 2 direct labor hours to produce one vase. If 60,000 direct labor hours are actually worked during the period, how much overhead.

Question A company has identified three activities in its manufacturingprocess: machine setups, machining, and inspections. Estimatedannual overhead costs for each activity is $140,000, $360,000 and$68,000 respectively. The cost driver for each activity and theexpected annual usage are: number of setups, 1,000, machine hours,20,000 and number of inspections, 2,000.  What is the.

Question A service business estimates its direct labor costs to be$3,250,000 for the year. The estimated direct labor hours are50,000. Overhead is allocated based on direct labor hours, andestimated overhead is $800,000 annually. The business desires a 60%markup. Calculate the following (rounded to the nearest cent): •Direct labor rate per hour •Predetermined overhead.

Question Blue Corporation's standards call for 3,000 direct labor-hours to produce 1,200 units of product. During May 1,000 units were produced and the company worked 1,100 direct labor-hours. The standard hours allowed for May production would be: 3,000 hours 1,100 hours 2,500 hours 2,000 hours Blue Corporation's standards call for 3,000 direct labor-hours to produce 1,200.

Question An increase in the fixed cost of working will labor force participation and hours of work (of those working before and after the increase in the fixed cost of working). increase; increase increase; decrease decrease; decrease decrease; increase A worker is indifferent between job one lasting 4 hours a day,.

Question Bunker Company produces two types of glucose monitors (basic and advanced). Both pass through two producing departments: Fabrication and Assembly. Bunker also has an Inspection Department that is responsible for testing monitors to ensure that they perform within prespecified tolerance ranges (a sampling procedure is used). Budgeted data for the.

Question You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity? .

Question A company allocates overhead based on direct labor hours.Manufacturing overhead was estimated to be $4,100,000, and thecompany anticipated working 325,000 direct labor hours. Actualmanufacturing overhead costs were $3,910,000, and actual directlabor hours worked were 324,200. What is the predetermined overheadallocation rate (rounded to the nearest cent)? How much overheadwas allocated.

Question 3. The Cavy Company estimates that the factory overhead forthe following year will be hours, company has decided that the basis for applying factory overhead should be machine factory The Calculate the predetermined overhead rate to apply which estimated 40.000 hours. overhead 4. The winston estimates that the factory overhead.

Question Blue Corporation's standards call for 2,200 direct labor-hours to produce 1,100 units of product. During May 950 units were produced and the company worked 1,000 direct labor-hours. The standard hours allowed for May production would be: A. 2,200 hours B. 1,000 hours C. 1,900 hours D. 1,250 hours Blue Corporation's standards call for 2,200 direct.

Question Mccubbin Corporation keeps careful track of the time required to fill orders the times recorded for a particular order appear below the delivery cycle time was 27.0 hours 25.0 hours 3 5 hours 13.1 hours .

Question Activity-based costing for a service company Crosswinds Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the following activities and activity rates for the hospital indirect costs: The activity usage information associated with the two patients is as follows: Activity Activity Rate Room and.

Question Renfro Manufacturing identified the following data in its twoproduction departments. Manufacturing overhead costs:     assembly = $600,000      finishing = $1,200,000 Direct labor hours worked:      assembly = 12,000 DLH      finishing = 20,000 DLH Machine hours used:      assembly = 6,000 MH      finishing = 16,000 MH 1.Whatis the company's single plantwide overhead rate based on directlabor hours (DLH)?.

Question Master Auto Parts has a standard labor rate of $10.50 per hour.In September, the company produced 10,000 gears using 24,000 laborhours. The company experienced a favorable labor rate variance of$18,000 during September. How much is Master Auto Parts’ actuallabor rate per hour? .

Question A company estimates that overhead costs for the next year willbe $8,320,000 for indirect labor and $155,500 for factoryutilities. The company uses machine hours as its overheadallocation base. If 400,000 machine hours are planned for this nextyear, what is the company's plantwide overhead rate? (Round to twodecimal places) .

Question Schell Company manufactures automobile floor mats. It currentlyhas two product lines, the Standard and the Deluxe. Suppose thatSchell has conducted further research into its overhead andpotential cost drivers. As a result, the company has compiled thefollowing detailed information, breaking total overhead into threecost pools:   Activity Cost Pools Cost Driver Cost Assigned to Pool Quantity/Amount Consumed by Standard Floor.

  Question A Company manufactures one product. Its variable manufacturingoverhead is applied to production based on direct labor-hours andits standard cost card per unit is as follows:           Direct material: 4pounds at $10 per pound $ 40   Direct labor: 2hours at $13 per hour   26   Variable overhead: 2hours at $9 per hour   18         Total standardvariable cost per.

Question brusveen corporation applies manufacturing overhead to jobs onthe basis of direct labor hours. Direct labor hours estimated at15,000 with Manufacturing overhead cost of $300,000. The actualdirect labor hours were 14,800 and manufacturing overhead cost was$287,120. What was Brusveen's underapplied or overapplied overheadfor last year?   .

Question You have been asked by your employer, Silverace, to create a basic spreadsheet for Single Hourly Employees for the last week of August this year. Your employer has provided you with the number of hours worked and the hourly pay of each employee below and would like you to calculate.

Question Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constructed homes it provides bids using time-and-material pricing. The following budgeted cost data are available. The company has budgeted for 5, 770 hours of technician time during the coming year. It desires.

Question Diemer, Inc., manufactures and sells two products: Product N4 and Product R7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures,.

Question Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the.

Question An employer agrees to pay an employee $10 per hour. The employee works 40 hours before his paycheck is calculated. his employer witholds payroll taxes and writes a check to the employer fro 350. the total cost of payroll for this employer is a. the 350 check amount b. the 400 gross.

Question Branson Belts makes hand-crafted belts. The company budgets production of 4,500 belts during the second quarter. Each belt requires 4 direct labor hours, at a cost of $12 per hour. Branson Belts makes hand-crafted belts. The company budgets production of 4,500 belts during the second quarter. Each belt requires 4 direct.

Question Blue Corporation's standards call for 3,200 direct labor-hours to produce 1,600 units of product. During May 1,450 units were produced and the company worked 1,500 direct labor-hours. The standard hours allowed for May production would be: 3,200 hours 1,500 hours 2,900 hours 1,750 hours   .

Question State True or False Operations management problems are composed of complex subsystems, which require interfunctional communications to uncover the patterns that relate to the subsystems of the whole system. .

Question Dakota Products has a production budget as follows: May, 15,000 units; June, 18,000 units; and July, 23,000 units. Each unit requires 2 pounds of raw material and 2.5 direct labor hours. Dakota desires to keep an inventory of 10% of the next month’s requirements on hand. On May, 1 there.

Question Brown Laundry has a variable demand. The daily demand ranges from 100 to 140 customers a day with an average of 5 items. The average daily demand is 110 customers. The laundry operates 10 hours a day. Each order takes approximately 5 minutes. Required: a. What is the average customer.

Question Blue Corporation's standards call for 5,400 direct labor-hoursto produce 1,800 units of product. During May 1,550 units wereproduced and the company worked 1,700 direct labor-hours. Thestandard hours allowed for May production would be:     .

Question Botella Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 499,000 bottles were produced using 14,400 labor hours @ $9.25. The standard wage rate is $7.25 per hour. Required: Calculate the labor rate and efficiency variances using the columnar and formula approaches..

Question Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor-hours.

Question Dalton Inc. produces and sells three products. Unit data concerning each product is shown below. The company has 2,400 hours of labor available to build inventory in anticipation of the company's peak season. Management is trying to decide which product should be produced. The direct labor hourly rate is $14..

Question Consider a winery that employs eight people who work 40 hours per week (full time), four people who work 20 hours per week, and one person who works 10 hours per week. How many full-time equivalent employees does the winery employ? .

Question Rent on factory building donated by the county where the agreement calls for rent of $100,000 less $1 for each direct labour-hour worked in excess of 200,000 hours, but the minimum payment of 20,000 must be paid a. 4 b. 7 c. 9 d. 11 .

Question A company received a huge order from Customer X for productionof 1,000,000 widgets. In order to take on the customer’s request,management has decided to hire more skilled workers and pay themhigher wage rates to complete the order in time. Which variance isdirectly impacted? A) Materials quantity variance B) Materialsprice variance.

Question As project manager, you have received a cost estimate from a functional manager to integrate and build 1,000 widgets. List three estimating methods that could be used to assess this estimate. Explain under what conditions you would choose each of these methods. .

Question Breakmorning Corporation produces a product that requires 1 hourof direct labor per unit. The allowance for rest periods is .2hours; the allowance for machine setup is .1 hours. The hourly wagerate is $9 per hour, but a raise of $.25 per hour will go intoeffect soon. Payroll taxes are $1.00.

Question As a plant employee, what is your responsibility to report yourfindings to superiors? .

Question Score: D of 5 pts 13 of 14 (12 compleme S17-13 (book/static) Blake Accounting pays Jaclyn Sawyer se 250 per year Wh hourly cost Blake Accounting of employing Sawyer Awwme, zshour e a y 2 What drect labor cost would to assigned to caknt507 Sawyer works 16 op sorssnamoal equirement.

Question The auto repair shop of Qually Motor Company uses Etandards lo conInolthelabor tme and labor costin the shop. The standard labor COGI for a motor lune-upBglven below. Job Standard Hours Standard Rate Standard Coet $4.00 $10.40 Molor tune-up 2.60 The record Ehowing the tme spent In the shop laEt week.