Question
In: Accounting
MCE Craig, Inc., has provided the following information for one of its products for each hour...
MCE
Craig, Inc., has provided the following information for one of its products for each hour of production:
| Actual velocity: 200 units (per hour) |
| Move time: 17 minutes |
| Inspection time: 11 minutes |
| Rework time: 14 minutes |
Required:
1. Calculate MCE. If required, round your answer to two decimal places.
2. What is the theoretical cycle time? Calculate MCE using actual and theoretical cycle times. If required, round your answers to two decimal places.
| Theoretical cycle time | ? | minutes |
| Actual cycle time | ? | minutes |
| MCE | ? |
3. What if waste is
reduced by 40 percent?
New waste = _________ minutes
What is the new MCE? If required, round your answer to two decimal places. _________?
What is the new cycle time?
____________ minutes?
Solutions
Expert Solution
| 1 | MCE | =processing time/( processing time + nonprocessing time) | |
| Processing time | =60-17-11-14 | ||
| 18 | |||
| MCE | =18/(18+17+11+14) | ||
| 0.3 | |||
| or, 30% | |||
| 2 | Processing time = theroritical cycle time = 18 minutes | ||
| Actual cycle time = 60 minutes | |||
| MCE | 18/60 | ||
| 0.3 | |||
| 3 | New Waste | =(42)*(1-0.4) | |
| 25.2 | minutes | ||
| New MCE | =18/(18+25.2) | ||
| 0.42 | |||
| or, 42% | |||
| New cycle time | =18+25.2 | ||
| 43.2 | minutes |
ekkarill92 answered 2 years agoRelated Solutions
MCE Craig, Inc., has provided the following information for one of its products for each hour...
MCE
Craig, Inc., has provided the following information for one of
its products for each hour of production:
Actual velocity: 200 units (per hour)
Move time: 10 minutes
Inspection time: 14 minutes
Rework time: 11 minutes
Required:
1. Calculate MCE. If required, round your
answer to two decimal places.
2. What is the theoretical cycle time?
Calculate MCE using actual and theoretical cycle times. If
required, round your answers to two decimal places.
Theoretical cycle time
minutes
Actual cycle time...
MCE Craig, Inc., has provided the following information for one of its products for each hour...
MCE
Craig, Inc., has provided the following information for one of
its products for each hour of production:
Actual velocity: 100 units (per hour)
Move time: 11 minutes
Inspection time: 14 minutes
Rework time: 11 minutes
Required:
1. Calculate MCE. If required, round your
answer to two decimal places.
__________
2. What is the theoretical cycle time?
Calculate MCE using actual and theoretical cycle times. If
required, round your answers to two decimal places.
Theoretical cycle time
minutes
Actual cycle...
): Mandas Inc. has provided the following data concerning one of the products in its standard...
): Mandas Inc. has provided the following data
concerning one of the products in its standard cost system.
Variable manufacturing overhead is applied to products
on the basis of direct labor-hours.
Inputs
Standard Quantity of Output
Standard Price or
Rate
or Hours per
Unit
Direct materials
7.80
liters
$ 7.40 per liter
Direct labor
0.40
hours
$25.70 per hour
Variable manufacturing
overhead
0.40
hours
$ 6.30 per hour
The...
Question 5 Fortes Inc. has provided the following data concerning one of the products in its...
Question 5
Fortes Inc. has provided the following data concerning one of
the products in its standard cost system. Materials price variances
is calculated on material purchased and materials quantity is based
on Material used in production. Variable manufacturing overhead is
applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct materials
10.0
ounces
$
8.10
per ounce
Direct labor
0.5
hours
$
24.70
per hour
Variable...
Kropf Inc. has provided the following data concerning one of the products in its standard cost...
Kropf Inc. has provided the following data concerning one of the
products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct
labor-hours.
Inputs
Standard Quantity or Hours per Unit of
Output
Standard Price or Rate
Direct materials
8.90
liters
$
8.50
per liter
Direct labor
0.50
hours
$
29.70
per hour
Variable manufacturing overhead
0.50
hours
$
7.40
per hour
The company has reported the following actual results for the
product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost...
Fortes Inc. has provided the following data concerning one of
the products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct
labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct materials
8.5
ounces
$
6.60
per ounce
Direct labor
0.6
hours
$
24.80
per hour
Variable manufacturing overhead
0.60
hours
$
4.90
per hour
The company has reported the following actual results for the
product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost...
Fortes Inc. has provided the following data concerning one of
the products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct
labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct materials
9.7
ounces
$
7.80
per ounce
Direct labor
0.4
hours
$
38.70
per hour
Variable manufacturing overhead
0.40
hours
$
6.10
per hour
The company has reported the following actual results for the
product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost...
Fortes Inc. has provided the following data concerning one of
the products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct
labor-hours.
Inputs
Standard Quantity or Hours per Unit of
Output
Standard Price or Rate
Direct materials
7.9
ounces
$
8.00
per ounce
Direct labor
0.5
hours
$
25.70
per hour
Variable manufacturing overhead
0.5
hours
$
6.30
per hour
The company has reported the following actual results for the
product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost...
Kropf Inc. has provided the following data concerning one of the
products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct labor-hours.
Inputs Standard Quantity or Hours per Unit of Output Standard Price
or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor
0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70
hours $ 7.10 per hour The company has reported the following actual
results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost...
Fortes Inc. has provided the following data concerning one of
the products in its standard cost system. Variable manufacturing
overhead is applied to products on the basis of direct
labor-hours.
Inputs
Standard Quantity or Hours per Unit of
Output
Standard Price or Rate
Direct materials
7.0
ounces
$
7.10
per ounce
Direct labor
0.5
hours
$
31.70
per hour
Variable manufacturing overhead
0.5
hours
$
5.40
per hour
The company has reported the following actual results for the
product for...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- In each of the following situations, develop a tentative plan for the client. List the various...
- MARGI sells different types of wine. Customers place orders to the most popular “Summer Wine” at...
- Java. If possible please put explanations for each line of code. Write a test program that...
- . Use the following information to calculate your company's expected return State Probability Return Boom 20%...
- You are considering the following two projects and can only take one. Your cost of capital...
- C++: Write a program that produces truth tables for the following compound propositions. Write the header...
- 1. What is the historical role of investment bankers ? Has this role changed ? Why...
ADVERTISEMENT