Question

In: Mechanical Engineering

A component requires two (2) operations to complete it. The first operation has the following information:...

A component requires two (2) operations to complete it. The first operation has the following information: Machining Time = 2.445 min., Handling Time = 1.334 min., Tool Change Time = 21.45 min. which needs to be changed every 1675 pieces with a Tool Cost of $133.00 per tool. The operational cost for the first operation = $116.67 per hour. The second operation has the following information: Machining Time = 1.436 min., Handling Time = 0.849 min., Tool change Time = 18.75 min. which needs to be changed every 970 pieces with a Tool Cost of $68.40 per tool. The operational cost for the second operation = $116.67 per hour. What is the total Cost for the component?

Solutions

Expert Solution

samet mamat answered 2 years ago
Next > < Previous

Related Solutions

Manufacture of a certain component requires three different machining operations. Machining time for each operation has...
Manufacture of a certain component requires three different machining operations. Machining time for each operation has a normal distribution, and the three times are independent of one another. The mean values are 15, 20, and 30 min, respectively, and the standard deviations are 2, 1, and 1.7 min, respectively. What is the probability that it takes at most 1 hour of machining time to produce a randomly selected component? (Round your answer to four decimal places.)
Manufacture of a certain component requires three different machining operations. Machining time for each operation is...
Manufacture of a certain component requires three different machining operations. Machining time for each operation is normally distributed and the three times are independent of one another. The mean values are 15, 30, and 20 minutes respectively. Their standard deviations are 1, 2, and 1.5 minutes respectively. What is the probability that it takes at least 1.5 hour of machining time to produce a randomly selected item
Problem 2: The following information is available for the first four years of operations for Jones...
Problem 2: The following information is available for the first four years of operations for Jones Company    Year           Earnings Before Tax    2018           $800,000    2019              730,000 2. On January 2, 2018, heavy equipment costing $600,000 was purchases. The equipment had a life of 5 years and no salvage value. The straight-line method of depreciation is used for book purposes and the tax depreciation taken each year is listed below       ...
(TCO 2) Which of the following operations is not an operation of Boolean algebra? $ |...
(TCO 2) Which of the following operations is not an operation of Boolean algebra? $ | & ~
The following information pertains to each of the company’s first two years of operations: Variable costs...
The following information pertains to each of the company’s first two years of operations: Variable costs per unit: Manufacturing: Direct materials $ 25 Direct labor $ 12 Variable manufacturing overhead $ 4 Variable selling and administrative $ 3 Fixed costs per year: Fixed manufacturing overhead $ 320,000 Fixed selling and administrative expenses $ 60,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold...
Baldwin Company has provided the following information for 2019, the first year of the company’s operations....
Baldwin Company has provided the following information for 2019, the first year of the company’s operations. (i) Purchased raw materials on account for $240,000. (ii) Issued $230,000 in raw materials to production ($32,000 were not traceable to specific jobs). (iii) Incurred $242,000 in direct labour costs (24,120 hours) and $92,500 in supervision costs (paid in cash). (iv) Incurred the following additional manufacturing overhead costs: factory utilities $24,000 (paid in cash); depreciation on equipment $45,000; indirect supplies $17,500 (paid in cash)....
Question: Elmo has the following information for the month of October, its first month of operations...
Question: Elmo has the following information for the month of October, its first month of operations Work in Process October 1st $0 Units completed & transferred out in October $120,000 Work in Process October 30th $32,000 100% completed for materials 80% completed for conversion costs Costs added in October shown below Materials $145,900 Direct Labour $ 96,000 Overhead $108,000 (1.) Determine the equivalent units of production for October. (2.) Determine the cost of the ending work-in-process. (3.) Determine the cost...
Wang Company provides the following information for their first year of operation:    Sales                         5,00
Wang Company provides the following information for their first year of operation:    Sales                         5,000 units @ $10                   Variable production costs per unit:         SG&A costs:                                                                        Direct materials          $2      Fixed                    $1,000                                                 Direct labor                 $2       Variable                $1 per unit                                           Var MOH                    $1 Fixed MOH             $7,500                                     Production                              7,500 units    (T or F) If Wang uses variable costing, operating income will be $11,500. True False
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.:   ...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.:    Number of units produced 2,800 Number of units sold 2,600 Unit sales price $ 340 Direct materials per unit $ 65 Direct labor per unit $ 40 Variable manufacturing overhead per unit $ 10 Fixed manufacturing overhead per unit ($224,000/2,800 units) $ 80 Total variable selling expenses ($14 per unit sold) $ 36,400 Total fixed general and administrative expenses $ 59,000 Required: Prepare Crystal...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.:   ...
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.:    Number of units produced 3,000 Number of units sold 2,300 Unit sales price $ 340 Direct materials per unit 70 Direct labor per unit 40 Variable manufacturing overhead per unit 11 Fixed manufacturing overhead per unit ($180,000/3,000 units) 60 Total variable selling expenses ($14 per unit sold) 32,200 Total fixed general and administrative expenses 56,000 Required: Prepare Crystal Cold’s full absorption costing income statement...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT