The accounting department use as the standard labor cost

Assignment Help Business Management
Reference no: EM13743935

In a time study of a manufacturing operation, the average time to complete a product was 36.5 minutes, the performance rating was 1.20, and the allowances were 60 minutes per eight-hour shift.a. Compute a labor standard for the operation. 4.95 b. How many products per eight-hour shift should an experienced operator be expected to produce under ordinary operating conditions. c. If the labor rate is $15 per hour, what should the accounting department use as the standard labor cost per product?

3. A work-sampling study was conducted of assembly operations. The results of the study are: 

Activity Percentage of Worker's Time
Assemble products 85%
Allowance 15

If the workers who were performing the operation during the study each produced an average of 100 products per eight-hour shift and received a performance rating of 1.15, what is the labor standard per product?

Learning Curve Application 

4. A machine shop has received an order to manufacture 10 large drum rollers. After examining the design of the rollers, the production engineer expects 55 labor-hours to be required for the first drum roller and a learning rate of 75 percent. The shop's standard charge (including overhead and profit) for this type of job in $60 per labor-hours required.
a. How many total labor-hours should this job require?
b. How much should the machine shop charge the customer for this order?
c. The customer has just called and would like to know how much it would be charged for an additional 5 drum rollers. How many additional labor-hours should this require? What should be the additional charge to the customer? 

Reference no: EM13743935

Questions Cloud

In a small open economy with a flexible exchange rate : In a small open economy with a flexible exchange rate, an expansionary fiscal policy will cause which of the following to happen?
The current organizational structure at domino : Determine whether the current organizational structure at Domino's is a good match for its corporate strategies. Explain your rationale. 2.• Evaluate alternative structures to determine which one would be most appropriate for Domino's to consider and..
Government spending initially and primarily shifts : A decrease in government spending initially and primarily shifts which curve in what direction?
Increase in government spending initially-primarily shifts : An increase in government spending initially and primarily shifts which curve in what direction
The accounting department use as the standard labor cost : In a time study of a manufacturing operation, the average time to complete a product was 36.5 minutes, the performance rating was 1.20, and the allowances were 60 minutes per eight-hour shift.a. Compute a labor standard for the operation. 4.95
What would happen to the real interest rate : If expected inflation is constant and the nominal interest rate increased 5 percentage points, what would happen to the real interest rate?
Prospective employees grade point average as useful signal : Some employers no longer consider a prospective employee's grade point average as a useful signal. Why might this be the case? because it is not fair to the students who put in a lot of effort and still get bad grades
My team has to input decisions via the simulation : My team has to input decisions via the simulation @ www.capsim.com. (aboit round 4-8)I just need to know if you have ever worked in Capsim before? If you have not worked on the website, it's probably too difficult to explain to get help on-line. I'm ..

Reviews

Write a Review

Business Management Questions & Answers

  The interest can be reinvested at 5% before tax

The interest can be reinvested at 5% before tax

  Cost behavior and cost-drivers affect flexible budgets

How do cost behavior and cost-drivers affect flexible budgets and the sales budget might be crucial, but what about the other budgets?

  Determine single payment

Your rich grandfather has offered you a choice of one of the 3-following alternatives: $10,000 now; $2,000 a year for 8-years; $24,000 at the end of eight years.

  A recent incident involving hacking and data theft prompted

a recent incident involving hacking and data theft prompted the implementation of a new data security system at listo

  Elucidate in detail the obligation of the insurer

Elucidate in detail the obligation of the insurer under a straight life income option, life income with 10 years certain, and life income with instalment refund.

  What you consider to be your own leadership stylewhat do

what you consider to be your own leadership style?what do you consider to be your own leadership style? using examples

  Characteristics make diversity training most effective

Discuss what characteristics make diversity training most effective along with at least three different approaches to diversity training.

  Describe the bounds of the family

Can the clarifications of the boundaries of the firm, as developed in this unit - be used to describe the bounds of the family. That is why are lengthy families (involving more than two generations) common in some nations, however not in others

  Illustrate what ways might the cognitive affective

illustrate what ways might the cognitive and affective components of attitude influence the behaviour of employees who are faced with learning an entirely new set of computer-related skills to retain their jobs at a manufacturing facility?"

  Question related to trade-off theorythe trade-off theory

question related to trade-off theorythe trade-off theory provides several insights to financial managers concerning

  What will be cumulative cost of project

Identify all of costs involved in project. Label costs either direct cost; project overhead costs or general also administrative overhead costs. Develop a time-phased budget for project. What will be cumulative cost of project.

  Based upon recording balance of payment transactions

Based upon recording balance of payment (BOP) transactions, determine whether or not the following is a debit, credit, or no entry to the U.S. Balance of Payment statement. Also determine what chart of account is affected (i.e., CA, KA, or OSB

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd