Question
In: Advanced Math
A furniture factory has 2230 machine hours available each week in the cutting department, 1470 hours...
A furniture factory has 2230 machine hours available each week in the cutting department, 1470 hours in the assembly department, and 2960 in the finishing department. Manufacturing a chair requires 0.3 hours of cutting, 0.5 hours of assembly, and 0.6 hours of finishing. A cabinet requires 0.8 hours of cutting, 0.3 hours of assembly, and 0.1 hours of finishing. A buffet requires 0.2 hours of cutting, 0.1 hours of assembly, and 0.9 hours of finishing. How many chairs, cabinets, and buffets should be produced in order to use all the available production capacity?
Please help and provide step by step so I can learn how to do this! Thank you :)
Solutions
Colby Messinger answered 1 year agoRelated Solutions
The normal capacity of McDougall Company s Die Cutting Department is 4,500 machine hours per month....
The normal capacity of McDougall Company s Die Cutting
Department is 4,500 machine hours per month. At normal capacity,
the standard factory overhead rate is $24.80 per machine hour,
based on budgeted fixed factory overhead of $85,500 per month and a
variable overhead rate of $5.80 per machine hour. During July, the
department operated at 4,600 machine hours, with actual factory
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for the production actually attained is 4,200. Required: Compute...
) Short Inc has 5,200 machine hours available each month. The following information on the company's...
) Short Inc has 5,200 machine hours available each month. The
following information on the company's three products is
available:
Product 1
Product 2
Product 3
Contribution margin per unit
$
45.00
$
54.00
$
22.50
Machine hours per unit
3
2
1
Sales demand in units
900
1,000
3,000
Required:
a. What production schedule will maximize the company's
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b. What will be the maximum possible contribution margin?
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Zantaq Inc. has 5,490 machine hours available each month. The
following information on the company's three products is
available:
Bookcases
Chairs
Side Tables
Contribution margin per unit
$
42.00
$
36.00
$
16.50
Machine hours per unit
3
2
1
The market demand is limited to 2,090 units of each of the three
products. What is the maximum possible contribution margin that
Zantaq could make in any month?
Short Inc has 6,000 machine hours available each month. The following information on the company's three...
Short Inc has 6,000 machine hours available each month. The
following information on the company's three products is available:
Product 1 Product 2 Product 3 Selling price $ 90.00 80.00 50.00
Variable cost per unit 30.00 54.00 $ 26.00 Machine hours per unit 5
2 1.5 Sales demand in units 500 1,000 2,000 Required: a. What
production schedule will maximize the company's profits? b. What
will be the maximum possible contribution margin? c. The company
has an option of buying...
Short Inc has 6,000 machine hours available each month. The following information on the company's three...
Short Inc has 6,000 machine hours available each month. The
following information on the company's three products is
available:
Product 1
Product 2
Product 3
Selling price
$
90.00
80.00
50.00
Variable cost per unit
30.00
54.00
$
26.00
Machine hours per unit
5
2
1.5
Sales demand in units
500
1,000
2,000
Required:
a. What production schedule will maximize the company's
profits?
b. What will be the maximum possible contribution margin?
c. The company has an option of buying...
DeLuxe Furniture is thinking of buying a wood cutting machine for $150,000 that would save it...
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life. The machine is to be linearly depreciated to zero and will
have no resale value after 3 years.
The machine would require an additional $9,000 in net operating
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Year...
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0.17
0.75
0.075
0.83
Zachary Moran manages the cutting department of Greene Adams Company. He purchased a tree-cutting machine on...
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and zero salvage value, and the cost to operate it is $104,000 per
year. Technological developments resulted in the development of a
more advanced machine available for purchase on January 1, 2019,
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A copy machine is available 24 hours a day. On a typical day, the machine produces...
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the machine produces 88 jobs. Each job takes about 3 minutes on the
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Martinez Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $362,000 and budgeted machine-hours were...
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Budgeted factory overhead was $362,000 and budgeted machine-hours
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machine-hours were 27,000. Before disposition of under/overapplied
overhead, the cost of goods sold was $610,000 and ending
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Direct
materials $
80,000
WIP 200,000
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goods 270,000
Total $550,000
Required:
a. Determine the budgeted factory overhead rate
per machine-hour.
b. Compute the over/underapplied overhead.
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