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Quality improvement programs and cost saving. Garber Valves Company manufactures brass valves meeting precise specification standards. All finished valves are inspected before packing and shipping to customers. Rejected valves are returned to the initals production stage to be melted and recast. Such rework requires no new materials in casting but requires new materials in finishings. The following unit cost data are available:
Costs Casting Finishing Inspection Packing TotalDirect Material $225 $12 $0 $ 8 $245Direct labor 84 121 24 16 245Variable support 122 164 30 20 336Fixed support 63 89 16 10 178$494 $386 $70 $54 $1004
As a result of a quailty-improvement program, the reject rate has decreased from 6.4% to 5.1% and the number of rejects has decreased by (6.4% - 5.1%) x (10,000) units. Improvements I reject rates have also led to a decrease in work in process inventory from $386,000 to $270,000. Inventory carrying costs are estimated to be 15% per year. Estimated the annual cost savings as a result of the quality improvement.
Determine the dividends per share and total cash dividends paid to the preferred and common stock holders during each of the four years
The records of Nevada Co. indicated that $420,000 of merchandise should be on hand on December 31, 2010. The physical inventory indicates that $370,000 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage ..
Materiality is a function of the time, the situation, and the people involved. What is material from the point of view of a bank that lends money to the firm?
If direct materials for one unit of product are $9.00, direct labor for one hour is $15.00, manufacturing overhead costs are $5.00 per direct labor hour, and one-fourth hour of direct labor is required to produce one unit of product, how much are ..
A city received supplies that had been previously encumbered. The supplies were encumbered for $5,000 and had an actual cost of $4,900. To recognize this event the county should make which of the following entries?
a prepare income statements segmented by products. Include a column for the entire firm in the statement. b. if ellie manufactureing eliminates product B, what would be the impact on company profits? c. ellie is considering the purchase of automated ..
foreign currency items restructuring charges unrealized gains and losses pension liability adjustments
Axel Corporation acquires 100% of the stock of Wheal Company on December 31, Year 4. The following information pertains to Wheal Company on the date of acquisition:
Find the present value of the following ordinary annuities: $400 per year for 10 years at 10% $200 per year for 5 years at 5%, $400 per year for 5 years at 0%.
In 2001, Donna sells 100 of these shares to Walter (a family friend) for $100,000. In 2007, Egret Corporation files for bankruptcy, and its stock becomes worthless.
The Temple Toy Company has decided to manufacture a new toy tractor, the production of which is broken into six steps. The demand for the tractor is 4,800 units per 40-hour workweek. a) Draw a precedence diagram of this operation
Which of the following types of organisations: a supermarket, pharmaceutical company, musical instrument retailer, steel company, software company, do you expect to have (a) particularly high or low asset turnover (b) high or low sales margins ? E..
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