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Problem 1:
Define the parameters and variables and write the equation for the following scenario to optimize the profit:
A factory has forecast demand for each of their 2 products for the next 12 month which they may meet but cannot exceed. They currently have 50 employees who are on salary ($4000/month), that is they have to be paid whether they are producing product or not. There are 160 productive hours per worker in a month. Overtime is on an hourly basis and costs $40/hour. Maximum overtime per employee per month is 30 hours. Employees may be hired ($6,000 each), but not laid off during this year. The selling price of the two products is $85 and $15 respectively. The amount of time required to produce each product is 2 hours and 0.5 hours respectively. Ignore material and overhead costs. Inventory carrying costs are $2 and $0.25 per month respectively. Shortages are not allowed. Initial Inventories are zero.
Problem 2:
A factory has forecast demand for each of their 2 products for the next 12 month which they may meet but cannot exceed. They currently have 100 employees who are on salary ($3900/month), that is they have to be paid whether they are producing product or not. There are 160 productive hours per worker in a month. Overtime is on an hourly basis and costs $38/hour. Maximum overtime per employee per month is 35 hours. Employees may be hired ($4,000 each), but not laid off during this year. The selling price of the two products is $180 and $30 respectively. The amount of time required to produce each product is 4 hours and 1.5 hours respectively. Ignore material and overhead costs. Inventory carrying costs are $4 and $0.50 per month respectively. Shortages are not allowed. Initial Inventories are zero.
Prepare an accrual basis income statement for the year
given the following account information for ramos enterprises prepare a balance sheet in report form for the company as
Assuming the same facts as those above except that Hamilton uses the completed-contract method of accounting, what portion of the total contract price would be recognized as revenue in 2013?
The present value at December 31, 2011 of the eight lease payments over the lease term discounted at 10% is $1,173,685. Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the total obligation under ca..
mark malone pete patton and sally spencer formed a partnership on january 1 2008. their original capital investments
pcb corporation manufactures a single product. monthly production costs incurred in the manufacturing process are shown
Using the activity-based costing approach, determine the overhead cost per unit for each product. Prepare a Schedule of Expected Cash Collections for November and December. Prepare a Merchandise Purchases Budget for November and December.
boerne community hospital has been under increasing pressure to be accountable for its patient charges. the hospitals
a company projects annual cash inflows of 90000 each year for the next 5 years if it invests 450000 in new equipment.
1. the following information will be used for all 5 of the following computational questions. in reviewing the books
The following income statement items, arranged in alphabetical order, are taken from the records of Corbin Enterprises for the current year:
Target Costing. Baker Plumbing Fixtures is developing a preplumbed acrylic shower unit. The team developing the product includes representatives from marketing, engineering, and cost accounting.
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