Reference no: EM132942737
Question 1 - Latte Co. has provided the following information for last year: material costs, P300,000; labor costs, P90,000; overhead costs, P234,000; product produced, 16,000 units; total factor productivity, 1.154. The selling price of the product (rounded) is:
a. P28.13
b. P45.01
c. P33.80
d. P39.00
Question 2 - The ABC Manufacturing Company collected the following information (in days): transporting product, 2.0; processing product, 14.0; inspecting product, 0.5; storing product, 6.0. What is the manufacturing cycle time?
a. 22.0 days
b. 14.0 days
c. 16.0 days
d. 22.5 days
Question 3 - At the beginning of 2021, Smith Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products.
Theoretical annual capacity 4,000
Actual production 3,600
Production hours available 2,000
Actual cost per unit P28
Calculate the theoretical velocity per hour.
a. 0.5 units.
b. 0.55 units
c. 1.8 units
d. 2.0 units
e. none in the choices
Question 4 - At the beginning of 2021, Smith Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products:
Theoretical annual capacity 4,000
Actual production 3,600
Production hours available 2,000
Conversion cost per hour P28
What is the ideal conversion cost per unit?
a. P50.90 per unit
b. P56.00 per unit
c. P14.0 per unit
d. P15.55 per unit
Question 5 - Monet Co. has provided the following information for last year: overhead costs P250,000; gallons finished, 16,000 at selling price of P55/gallon; total factor productivity, 1.1733. The total labor cost (rounded) is:
a. P482,500
b. P293,325
c. P468,750
d. P200,02
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