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Carts Corporation is trying to determine how long it takes for one product to pass through the production process. The following information was gathered regarding how many days the product spent in various production activities:
Activity Number of Days
Inspection 5
Storage 6
Assembly 4
Handling 2
Painting 4
Packaging 1
c. Determine Carts’ manufacturing efficiency ratio.
d. If Carts implements a total quality management program and a just-in-time inventory system, What would be the change in Carts’ manufacturing efficiency ratio?
Ship-to-Shore had earnings after tax (EAT) of $320,000 last year. Its expenses included depreciation of $52,000, interest of $40,000. It purchased new equipment for $28,000.
During 2014, Raines Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $90,000, and $160,000, respectively. In addition, the company had an interest expense of $92,0..
Mayo Hospital is investigating the possibility of investing in new dialysis equipment. Two local manufacturers of this equipment are being considered as sources of the equipment.
Evaluate the predetermined overhead rate used during the year in the Research and Documents Department. Find the rate used in the Litigation Department.
Calculate the cost of inventory reported on the balance sheet. the total merchandise on hand at the end of the year as determined by taking a physical inventory is $62,000, $8,000 has been sold FOB destination and is awaiting pickup by the carrier.
Ellis issues 6.5%, five year bonds dated January 1, 2013, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date. Calculate the total bond int..
What are some of the advantages and disadvantages of international accounting harmonization?
Prepare the budgeted income statement for the first 6 months and all required operating budgets by quarters. Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.
The Lee Company uses a job-order costing system. The following data were recorded for June: Overhead is changed to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 2..
Impact of change in credit policy on the debt ratio - what will Collins' debt ratio be after the change in DSO is reflected in the balance sheet?
Arrange journal entries for the transactions listed above and adjusting entries. Arrange an adjusted trial balance at 31 st December, 2011.
Compute the value of a share of Coca-Cola common stock. (1) Compute the total sum of the present value of all residual income (from Parts c and d).
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