Compute the companys manufacturing cycle time

Assignment Help Cost Accounting

Reference no: EM13214941

1. What are controllable costs?

2. What are two main goals in managerial accounting for reporting on and analyzing departments?

3. The recent month's income statement for the department follows.
(1) Analyze the items on the income statement and identify those that definitely should be included on a performance repot used to evaluate performance. List them and explain why they were chosen.
(2) List and explain the items that should definitely be excluded.
(3) List the items that are not definitely included o excluded and explain why they fall into that category.
Revenues
Sales of parts 72,000
Sales of services 105,000 177,000
Costs and expenses
Cost of parts sold 30,000
Building depreciation 9,300
Income tax allocated to department 8,700
Interest on long-term debt 7,500
Manager's salary 12,000
Payroll taxes 8,100
Supplies 15,900
Utilities 4,400
Wages 16,000
Total cost and expenses 111,900
Departmental net income 65,100

4. Classify each of the performance measures below into the most likely balanced scorecard perspective it relates to. Label answers using C (customer), P (internal process), I (innovation), F (financial).
(1) Cash flow from operations
(2) Number of reports of mishandled or lost baggage
(3) Percentage of on-time departures
(4) On time flight percentage
(5) Percentage of ground crew trained
(6) Return on investment
(7) Market value
(8) Accidents or safety incidents per mile flown
(9) Customer complaints
(10) Flight attendant training sessions attended
(11) Time airplane is on ground between flights
(12) Airplane mile per gallon of fuel
(13) Revenue per seat
(14) Cost of leasing airplanes.

5. Oakwood company produces maple bookcases to customer order. It received an order from a customer to produce 5,000 bookcases. The follwoin ginformation is available tfor the production of the bookcases.
Process time 6.0 days
Inspection time 0.8 days
Move time 3.2 days
Wati time 5.0 days
(1) Compute the company's manufacturing cycle time.
(2) Compute the company's manufacturing cycle efficiency. Interpret answer.
(3) Assume that Oakwood wishes to increase its manufacturing cycle efficiency to 0.75, what are some ways that it can be accomplished?

Reference no: EM13214941

Questions Cloud

Explain why are sunk costs irrelevant in deciding : Gilberto Company currently manufactures one of its crucial pars at a cost of $4.45 per unit. This cost is based on a normal production rate of 65,000 units per year. Variable costs are $1.95 per unit, fixed costs related to making the part are $65..

Corporate director of risk management : You are the corporate director of risk management. You receive a call from the practice manager at a physician's office. The physician's office is part of your organization's corporation.

Find the monopolists profit-maximizing quantity and price : Find the monopolist's profit-maximizing quantity and price

Explain a reasonable strategy for bond investors : Suppose interest rates have been at historically high levels the past two years and you therefore expect they will soon go down. A reasonable strategy for bond investors during this time period would be to

Compute the companys manufacturing cycle time : Oakwood company produces maple bookcases to customer order. It received an order from a customer to produce 5,000 bookcases. The follwoin ginformation is available tfor the production of the bookcases. Process time 6.0 days

Define what is the current price of the bond : When it matures at the end of 7.5 years it pays out $1,000. If investors wish to earn 2.35% per year on this bond investment, what is the current price of the bond

Punishment is most effective in socializing a child : Punishment is most effective in socializing a child when the child:

Explain the payout policy of firms : Assess the growth of the firm in terms of its amount of total assets. Where have funds for growth come from? How does this relate to the firm's payout policy

Rogers and freud disagree : About which of the following statements would rogers and Freud disagree?

User Account

All Pages