How much has the WIP been reduced ?
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WIP: It is the Work in Process which means that a product which is not finished its and waiting for the completion.
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- 2) BAQARAH Milk is fresh cow’s milk from Bangladesh’s first industrial hi-tech dairy farm which is equipped with the most advanced technology for milking cows and processing milk. All the cows are purebred Holstein Friesian from Australia. The farm ensures that milk is hygienically produced without human touch from milking to packing. It is instantly pasteurized to preserve the milk quality. The key features of BAQARAH milk is pure, fresh, low fat, free of antibiotic, free of toxin and of global standard. a) Which pricing strategy will be applicable for this product- price skimming or pricing penetration? Justify your position with three proper logics. b) In the given situation, which stage of buying decision process of consumers the company is trying to influence and how?Hh4. What is the total cost of meeting customer requirements each day?The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…
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- Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. A B C $15.30 $ 11.20 $12.00 20.40 28.40 34.60 3.70 3.60 4.20 35.80 27.60 38.20 $79.10 $ 77.80 $ 95.40 5.30 27.50 $ 68.50 Multiple Choice A 4.80 $77.10 $ 3.20 5,000 D $11.60 41.40 Products C D 4.40 5.30 $88.40 $ 105.20 $ 4.30 $ 2.60 4,000 3,000 Grinding minutes per unit B 6.30 $ 94.50 $ 2.20 Selling price per unit Variable selling cost per unit Monthly demand in units 5,000 The grinding machines are potentially the constraint in the production facility. A total of 89,600 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the…Double Quality Company's direct wages is 60% of its total conversion costs. if manufacturing overheads is N$60 000 and if direct materials are N$28 000. The total manufacturing cost is:They brought 550 cases of cream at $10.00 a case. What their overall profit if they sold all of the cases for 7,500.00
- perform an LCA of a hamburger. life cycle stages… show how “sub-cycles” spin off of the main hamburger life cycle, I.e. the life cycle for the lettuce; life cycle for the truck that brings the lettuce; life cycle for the metals to produce the truck… to illustrate how large the system can be and WHY you’ll always need to draw boundaries.Problem 9-17 Frandec Company manufactures, assembles, and rebuilds material handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 5000 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component. Frame Support Strap Component Frame Support Strap Capacity (hours) Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows: Department Milling 2.2 1.7 SP number of supports purchased Min s.t. TM number of straps manufactured TP number of straps…2. What is an “equivalent unit of production” and why it is a necessary concept to employ in a process costing system?