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What is the theoretical cycle time in minutes

Assignment Help Financial Accounting
Reference no: EM132573475

Question 1: What is the Net Present value if the project has an investment of $400,000 but brings in net cash flows of 95,000 for 5 years? Present Value of an Annuity Table 5 years at 5% is 4.32948.

Group of answer choices

a. $411,298

b. $1,298

c. $11,300

d. $111,298

Question 2: Cost to make a unit is $12, we sell the unit to customers for $20. What would the tranfer price be if we sent it to another division in our company? We use transfer at full cost method.

Group of answer choices

a. $20

b. $32

c. $8

d. $12

Question 3: Assume maximum number of units you can produce is 100,000 units, you actually produced 80,000 units. Hours used to produce the 80,000 units is 40,000 hours. What is the Theoretical cycle time in minutes?

Group of answer choices

a. 2.5 minutes

b. 60 minutes

c. 30 minutes

d. 24 minutes

Question 4: Assume maximum number of units you can produce is 100,000 units, you actually produced 80,000 units. Hours used to produce the 80,000 units is 40,000 hours. What is the actual cycle time in minutes?

Group of answer choices

a. 60 minutes

b. 2.5 minutes

c. 24 minutes

d. 30 minutes

Question 5: Assume that the theoretical cycle time is 15 minutes per unit. What is the theoretical velocity in units per hour?

Group of answer choices

a. 2 units per hour

b. 3 units per hour

c. 4 units per hour

d. 5 units per hour

Question 6: Assume that the actual cycle time is 20 minutes per unit. What is the actual velocity in units per hour?

Group of answer choices

a. 2 units per hour

b. 4 units per hour

c. 1 unit per hour

d. 3 units per hour

Question 7: Assume actual Direct Labor hours are 2,600 hours, the Variable MOH predetermined application rate is $2 per direct labor hour. Variable MOH is applied to the 1,200 units actual produced at 2 hours per unit and a predetermined application rate of $2 per direct labor hour. What is the Variable MOH Efficiency (quantity) variance?

Group of answer choices

a. $1,400 U

b. $400 U

c. $1,400 F

d. $400 F

Question 8: Assume Actual Fixed MOH is 196,000. Budget Fixed MOH is based on 4 direct labor hours per unit at a predetermined overhead rate of $6 per direct labor hour. MOH was applied based on 8,000 units budgeted. What is the Fixed MOH spending (price) variance?

Group of answer choices

a. $48,000 U

b. $4,000 U

c. $48,000 F

d. $4,000 F

Reference no: EM132573475

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