Machine time is the current constraint at a company. Three p…
Machine time is the current constraint at a company. Three products use this constrained resource. Data concerning those products appear below: AB CD EF Selling price per unit $ 165.88 $ 313.11 $ 494.52 Variable cost per unit 118.30 239.61 381.42 Minutes on the constraint 2.60 4.90 7.80 Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized.
Read DetailsA company is using a predetermined overhead rate that was ba…
A company is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:
Read DetailsA company’s cost formula for its overhead cost is $2,300 per…
A company’s cost formula for its overhead cost is $2,300 per month plus $6 per unit. For the month of July, the company planned for activity of 861 units, but the actual level of activity was 856 units. The actual overhead cost for the month was $7,790. The activity variance for supplies cost in July would be closest to:
Read DetailsA company, which applies manufacturing overhead on the basis…
A company, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4,500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company’s predetermined overhead rate for the year.The applied manufacturing overhead for the year is closest to:
Read DetailsA company has provided the following financial data from its…
A company has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $ 1,489,000 $ 1,440,000 Stockholders’ equity: Common stock, $4 par value $ 360,000 $ 360,000 Additional paid-in capital $ 70,000 $ 70,000 Retained earnings $ 570,000 $ 550,000 Total stockholders’ equity $ 1,000,000 $ 980,000 Interest expense $ 15,000 Income taxes (35%) $ 14,162 Net income $ 26,300 The market price of common stock at the end of Year 2 was $4.79 per share.The company’s earnings per share for Year 2 is closest to:
Read DetailsA company currently manufactures a component part that it us…
A company currently manufactures a component part that it uses in its products. The costs to produce 5,000 of these components last year were as follows: Cost per drive Direct materials $ 12 Direct labor 2 Variable manufacturing overhead 5 Fixed manufacturing overhead 7 Total $ 26 An outside supplier has offered to provide the company with all of its component part needs for $27 per drive. If the company accepts this offer, they will be able to use the freed up space to generate an additional $40,000 of income each year to produce more of another product. Only $3 per part of the fixed manufacturing overhead cost above could be avoided. Direct labor is an avoidable cost in this decision. Based on this information, would the company be financially better off making the component parts or buying them and by how much?
Read DetailsA patient who is 3 months post stroke is referred to outpati…
A patient who is 3 months post stroke is referred to outpatient PT for gait training. He is currently ambulating household distances with a straight cane independently. During your gait assessment, you have the patient ambulate without the cane. You note recurvatum of the paretic knee during midstance to terminal stance phase of gait that worsens with continued walking. What would be your BEST choice for interventions to address his gait deviation?
Read Details