Camptown Togs, Inc., a children’s clothing manufacturer, has
always found pay- roll processing to be costly...
Camptown Togs, Inc., a children’s clothing manufacturer, has
always found pay- roll processing to be costly because it must be
done by a clerk so that the number of piece-goods coupons received
by each employee can be collected and the types of tasks performed
by each employee can be calculated. Not long ago, an indus- trial
engineer designed a system that partially automates the process by
means of a scanner that reads the piece-goods coupons. Management
is enthusiastic about this system because it utilizes some personal
computer systems that were pur- chased recently. It is expected
that this new automated system will save $45,000 per year in labor.
The new system will cost about $30,000 to build and test prior to
operation. It is expected that operating costs, including income
taxes, will be
about $5,000 per year. The system will have a five-year useful
life. The expected net salvage value of the system is estimated to
be $3,000.
(a) Identify the cash inflows over the life of the
project.
(b) Identify the cash outflows over the life of the
project.
(c) Determine the net cash flows over the life of the
project.
Solutions
Expert Solution
Hello,
Basing on the above
information,the following cash flow table is
given:
Chilly
Clothing, Inc., is a manufacturer of winter clothes. It has a
knitting department and a finishing department. This exercise
focuses on the finishing department. Direct materials are added at
the end of the process. Conversion costs are added evenly during
the process. Suppose that
Chilly
uses the FIFO method. The following information for June
2017
is available.
LOADING...
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requirements
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.
Requirement 1. Calculate equivalent units of work done in the...
Fleet Street Inc., a manufacturer of high-fashion clothing for
women, is located in South London in the UK. Its product line
consists of trousers (25%), skirts (33%), dresses (14%), and other
(28%). Fleet Street Inc. has been using a volume-based rate to
assign overhead to each product; the rate it uses is £2.61 per unit
produced. The results for the trousers line, using the volume-based
approach, are as follows:
Number of units
produced
13,000
Price (all figures in
£)
29.23...
International Marketing Strategies
Pricing Decisions Case Analysis
PolyPrin Clothing Inc. is a manufacturer of women’s fashion
clothing out of San Diego, California. The company has been in
business for five years operating a plant capable of producing 4
million items per annum. PolyPrin’s fashion lines are a series of
casual yet elegant light dresses designed with the tropical spirit
in mind. The name of the company is derived from the influence of
Pacific culture, and positioned for young to middle...
Suppose there exist a manufacturer and a retailer in the market.
Retailer has to pay ?௪ per unit of output it purchases from the
manufacturer and sells to the market at a price ?. Let the market
demand be ? = 10 − ? and the MC of the manufacturer is ? = 2.
a) Find the prices set by the manufacturer (?௪) and by the
retailer (?) and find their profits.
b) If they decide to merge, what will...
A manufacturer of electronic kits has found that the mean time
required for novices to assemble its new circuit tester is 2.8
hours, with a standard deviation of 0.6 hours. A consultant has
developed a new instructional booklet intended to reduce the time
an inexperienced kit builder will need to assemble the device and
the manufacturer needs to decide whether or not to send out the new
booklet.
The testable hypotheses in this situation are ?0:?=2.8H0:μ=2.8
vs ??:?<2.8HA:μ<2.8.
1. Identify...
Garcia Furniture Company is a very profitable furniture
manufacturer,
but it always has enough idle capacity to process special orders or
re-work on existing orders.
Though it manufactures standard tables and chairs, it has
sufficient manufacturing flexibility to
accommodate occasional custom orders.
In January, it receives a custom order from Gustavo
Entertainments to deliver 150 handicapped-
accessible tables with motors (for height adjustment) at $100/unit.
Gustavo Entertainments made
a $4,000 non-refundable deposit towards the order. Garcia
incurred following cost in...
Slacker Slacks Inc. (SSI) is a high-end clothing manufacturer.
SSI makes Slacks® and Sleeks®. As part of a process improvement
initiative, SSI management decided to transition from a traditional
single-driver overhead costing system based on direct labor cost
(estimated at $60,000) to an activity-based costing system. In
doing so, SSI will trace direct materials and direct labor directly
to products while allocating other costs based on activities.
Cost Object
Estimated Cost
Activity Driver
Estimated Activity
Machine Setup
$360,000
Setups
400...
Gerber Clothing Inc. has designed a rain suit for outdoor
enthusiasts that is about to be introduced on the market.
A standard cost card has been
prepared for the new suit, as follows:
Standard
Quantity or hours
Standard price
or Rate
Standard
Cost
Direct
materials
2.0
metres
$
15
per metre
$
30.00
Direct labour
1.0
hours
35
per hour
35.00
Manufacturing
overhead (1/6 variable)
1.0
hours
15
per hour
15.00
Total standard cost
per suit
$
80.00
...
Gerber Clothing Inc. has designed a rain suit for outdoor
enthusiasts that is about to be introduced on the market.
A standard cost card has been
prepared for the new suit, as follows:
Standard
Quantity or hours
Standard price
or Rate
Standard
Cost
Direct
materials
2.0
metres
$
15
per metre
$
30.00
Direct labour
1.0
hours
35
per hour
35.00
Manufacturing
overhead (1/6 variable)
1.0
hours
15
per hour
15.00
Total standard cost
per suit
$
80.00
...
(1 point) A
manufacturer of electronic kits has found that the mean time
required for novices to assemble its new circuit tester is 2.9
hours, with a standard deviation of 0.7 hours. A consultant has
developed a new instructional booklet intended to reduce the time
an inexperienced kit builder will need to assemble the device and
the manufacturer needs to decide whether or not to send out the new
booklet.
The testable hypotheses in this situation are
H0:μ=2.9
vs HA:μ<2.9...