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Marta_Voda [28]
1 year ago
11

The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool cri

b has a variable demand.​ Historically, its demand has ranged from 320 to 570 small tools per day with an average of 445. Diane, the tool crib​ attendant, works eight hours a​ day, five days a week. Each order is for one small tool and each small tool takes Diane 1 minute to retrieve from the bins.
What is the average waiting​ time, in​ minutes?

6.4, 5.4, 7.4, 1?

Business
1 answer:
Semmy [17]1 year ago
3 0

Answer:

6.4 minutes

Explanation:

Average small tool per day = 445

 working hours = 8     so that is 8*60 =  (480 minutes)

Waiting time  =  

\frac{[445*(\sqrt{1} )]}{[2*[480-(445*1)]]}  (image of the operation on the attach file)

 =[445]/[(2*35)]

=445/70

=6.357 minutes

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the answer would be 14 days

Most vegetables substantially diminish in quality in as little as 14 days.

7 0
2 years ago
Denton Company manufactures and sells a single product. Cost data for the product are given below:
marissa [1.9K]

Answer:

1. The unit product cost under absorption costing and variable costing.

Product Cost : Absorption Costing = $23,44

Product Cost : Variable Costing = $19.00

2. Contribution format variable costing income statements for July and August.

                                                                       July                 August

Sales                                                         1,196,000            1,612,000

Less Cost of Sales :                                 (437,000)             (513,000)

Opening Stock                                                0                      76,000

Add Production                                         513,000               513,000

Less Closing Stock                                   (76,000)               (76,000)

Contribution                                             759,000            1,099,000

Less Expenses :

Selling and administrative expenses

Variable :                                                   (23,000)               (21,000)

Fixed :                                                      (169,000)             (169,000)

Net operating income                             567,000              909,000

3. Reconcile the variable costing and absorption costing net operating income

                                                                          July                      August

Absorption costing net operating income   $584,760               $891,240

Add Fixed Costs in Opening Inventory                                          $17,760

Less Fixed Costs in Closing Inventory          ($17,760)

Variable costing net operating income       $567,000              $909,000

Explanation:

Product Cost : Absorption Costing = All Manufacturing Costs (Fixed and Variable)

                                                          = $5+$11+$3+($120,000/27,000)

                                                          = $5+$11+$3+$4.44

                                                          = $23,44

Product Cost : Variable Costing = Variable Manufacturing Costs

                                                     = $5+$11+$3

                                                     = $19.00

6 0
1 year ago
Sanchez Corporation Selected Financial Information 12/31/18 12/31/17 Cash$20,000 $25,000 Accounts receivable (net) 100,000 110,0
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Answer:

The current ration for 2018 will be "1.55".

Explanation:

The given values are:

The total current assets of 2018 is:

= $310,000

The total current liabilities of 2018 is:

= $200,000

Now,

The current ratio of 2018 will be:

= \frac{The total \ current \ assets \ of \ 2018}{The \ total \ current \ liabilities \ of \ 2018}

On substituting the estimated values in the above formula, we get

= \frac{310,000}{200,000}

= 1.55

8 0
1 year ago
During the month of March, Sunland Company’s employees earned wages of $79,000. Withholdings related to these wages were $6,044
Brilliant_brown [7]

Answer:

The Journal entry is as follows:

On March 31st,

Salaries and Wages Expense A/c Dr. $79,000

To Wages Payable                                              $59,377

To Federal Withholding Payable                        $9,258

To FICA Payable                                                  $6,044

To State Withholding Payable                            $3,827

To Union Dues Payable                                      $494

(To record the salaries and wages expense and salaries and wages payable)

6 0
1 year ago
The account receivable turnover measures: Multiple Choice All of the options are correct. How often, on average, receivables are
denpristay [2]

Answer:

How often, on average, receivables are received and collected during the period

Explanation:

An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.

6 0
1 year ago
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