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Questions -
Q1. Rene is working with the operations manager to determine what the standard labor cost is for a spice chest. He has watched the process from start to finish and taken detailed notes on what each employee does. The first employee selects and mills the wood, so it is smooth on all four sides. This takes the employee 4 hour(s) for each chest. The next employee takes the wood and cuts it to the proper size. This takes 7 minutes. The next employee assembles and sands the chest. Assembly takes 4 hour(s). The chest then goes to the finishing department. It takes 3 hour(s) to finish the chest. All employees are cross-trained so they are all paid the same amount per hour, $19.77. What is the standard cost per chest for labor?
Q2. Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 2,092 square feet, and building B, which is 2,037 square feet. How long will it take Fiona to clean both buildings? Calculate the total time in hours.
Q3. Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 2,940 square feet, and building B, which is 2,743 square feet. If Fiona works an 8-hour shift, calculate her break in hours.
Sunland expects the new equipment to generate annual cost savings of $9280. What is the payback period of the equipment
Create the 'status quo'. Fischer machine comes up with the following offer 'hey, we can RENT you an extra sewing machine for $4,000
How many pounds of clay would Quality Corporation need to purchase in Month? 2? Each vase requires one pound of clay in its manufacture.
Will your answer change if Hong Kong Trading want to purchase 9,000 units instead of 5,000 units? What is the price that Kipas should set for this special order
The management of X Corporation is considering the purchase of a new machine costing P375,000. Determine the present value index for this investment
After 40 years, a baseball card you purchased for $2.00 is now worth $2100.00. What was the annual yield on the investment
Marie will spend 25-years working toward this goal investing monthly at an annual rate of 7.2%. How much should Marie's monthly payments be
Monty Company has offered to sell 10,000 units of the part for $129 per unit to Jerry Auto Company. Which alternative is best for Jerry Auto Company
The desired raw materials ending inventory is 40% of the next month's production needs, Prepare the direct materials purchases budget
The estimated sales price is $80. The company has a desired ROI of 20%, it has invested assets of $40,000,000. Compute the Total cost per unit
What is the lowest price Immanuel should accept on this special order without losing money. If Immanuel had regular sales of 71,000 bins per month
Was it a good decision to increase advertising expenses? Suppose that the contribution margin ratio is now 0.4. Would it be a good decision to increase
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