Determine the value-added non-value-added total lead times

Assignment Help Accounting Basics
Reference no: EM13482702

RAD Technologies Inc. is considering a new just-in-time product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizes are 50 units. The process time for each step is as follows:

Process Step 1 4 Minutes
Process Step 2 7 Minutes
Process Step 3 9 Minutes
Process Step 4 5 Minutes

The time required to move each batch between steps is 12 minutes. In addition, the time to move raw materials to Process Step 1 is also 12 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 12 minutes.

The new just-in-time layout will allow the company to reduce the batch sizes from 50 units to 3 units. The time required to move each batch between steps and the inventory locations will be reduced to 2 minutes. The processing time in each step will stay the same.

Determine the value-added, non-value-added, total lead times, and the value-added ratio under the present and proposed production approaches. Round percentages to one decimal place.

Reference no: EM13482702

Questions Cloud

What is the motivation behind the tax departments : as of december 30 2009 robin corporation a calendar year taxpayer has gross income from operations of 497000 expenses
Based on the above information calculate the amount of bad : at january 1 2002 betty derose inc. had an allowance for bad debts with a 2700 credit balance. during 2002 betty
Sun inc assigns 2000000 of its accounts receivables as : sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also
The company is expected to be in compliance with this : katherine company sales budget has thefollowing unit sales projections for each quarter of calendar
Determine the value-added non-value-added total lead times : rad technologies inc. is considering a new just-in-time product cell. the present manufacturing approach produces a
The zenith manufacturing corporation sells a certain : the zenith manufacturing corporation sells a certain product at a price of 50 each. the variable costs involved in the
The amount of increase or decrease in cost that is expected : the amount of increase or decrease in cost that is expected from a particular course of action as compared with an
Prepare a division income statement with two column : big bear athletic equipment co. operates two division - the winter sports division and the summer sports division. the
Sun estimates the fair value of the recourse liability at : sun inc. factors 2000000 of its accounts receivables with recourse for a finance charge of 3. the finance company

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stock and fair market value problem

Sidney exchanged property with an adjusted basis of 25,000 and a fair market value of 33,000 for 330 shares of stock. Edgar performed services valued at 33,000 for 330 shares of stock. The fair market value of Parody Corp's stock is 100 per share...

  On the basis of given data find out the value of the

on the basis of the following data determine the value of the inventory at the lower of cost or

  Objective of the statement of cash flows

It is an objective of the statement of cash flows to: a. disclose changes during the period in all asset and all equity accounts. b. disclose the change in working capital during the period.

  Sales revenue approach for estimating bad debt expense

If Edsel uses the sales revenue approach for estimating bad debt expense, the income statement should show an expense of??

  The actual cost for the plane operating costs in april was

thomasson air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance

  Computing company ending inventory

Hay Company had January 1 inventory of $100,000 when it adopted dollar-value LIFO. During the year, purchases were $600,000 and sales were $1,000,000. December 31 inventory at year-end prices was $126,500, and the price index was 110. What is Hay ..

  What would be the net amount of the liability myriad would

myriad solutions inc. issued 10 bonds dated january 1 with a face amount of 320 million on january 1 2013 for

  Beginnings or ending inventories

The Company has no beginnings or ending inventories. TheCompany produced and sold 10,000 units last month. What is the Company's contribution margin ratio?

  Why preparation of income statement is necessary

Why is the preparation of "IncomeStatement" necessary for organizations?

  Major expected costs-benefits for globalized businesses

With the globalization of corporate business and cross border security listings, the need for a common set of accounting standards to be applied worldwide emerged to the surface. Both the IASB and the FASB have taken steps towards this goal.

  Shares of the subsidiary company

If the holding company owns more then 50% but less then 100% shares of the subsidiary company then the subsidiary type will be termed as:

  Residential department using the direct method

What are the total costs for the Residential department using the direct method?

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