During machine breakdowns and non-value-added time

Assignment Help Financial Accounting
Reference no: EM131202626

Lead Time Calculation for a Service Company

Marcus Simmons caught the flu and needed to see the doctor. Simmons called to set up an appointment and was told to come in at 1:00 P.M. Simmons arrived at the doctor's office promptly at 1:00 P.M. The waiting room had 5 other people in it. Patients were admitted from the waiting room in FIFO (first-in, first-out) order at a rate of 5 minutes per patient. After waiting until his turn, a nurse finally invited Simmons to an examining room. Once in the examining room, Simmons waited another 5 minutes before a nurse arrived to take some basic readings (temperature, blood pressure). The nurse needed 10 minutes to collect this clinical information. After the nurse left, Simmons waited 30 additional minutes before the doctor arrived. The doctor diagnosed the flu and provided a prescription for antibiotics, which took 5 minutes. Before leaving the doctor's office, Simmons waited 10 minutes at the business office to pay for the office visit.

Simmons spent 5 minutes walking next door to fill the prescription at the pharmacy. There were four people in front of Simmons, each person requiring 5 minutes to fill and purchase a prescription. Simmons arrived home 15 minutes after paying for his prescription.

a. What time does Simmons arrive home?

3:00 p.m.

2:30 p.m.

3:00 p.m.

3:10 p.m.

3:30 p.m.

3:35 p.m.

b. How much of the total elapsed time from 1:00 P.M. until when Simmons arrived home was The time that units wait in inventories, move unnecessarily, and wait during machine breakdowns.non-value-added time?

Total elapsed time minutes

Non-value-added time minutes

c. What is the The ratio of the value-added lead time to the total lead time.value-added ratio? Round your percent to one decimal place. %

Reference no: EM131202626

Questions Cloud

Depreciation on production equipment : The following information relates to Mystic Manufacturing's 2013 accounting period: Raw materials used $17,400 Direct labor wages 33,400 Sales salaries and commissions 25,400 Depreciation on production equipment 3,040 Rent on manufacturing facilities..
What is the cost of gasoline that makes this option : what is the cost of gasoline (dollars per gallon) that makes this option affordable when the buyer 's interest rate is 10% per year? The car will be driven 100,000 miles uniformly over an eight-year period.
Identify the environmental setting the article describes : dentify the environmental setting the article describes;  - Discuss the related vulnerability it discusses; and - Enumerate the specific threat it postulates along with why the author argues the threat is relevant.
Statements is true of financial accounting : Which of the following statements is true of financial accounting?
During machine breakdowns and non-value-added time : Marcus Simmons caught the flu and needed to see the doctor. Simmons called to set up an appointment and was told to come in at 1:00 P.M. Simmons arrived at the doctor's office promptly at 1:00 P.M. The waiting room had 5 other people in it. How much ..
Design a small four-stroke cycle diesel engine : All parameter values should be within typical, reasonable values and should be consistent with the other values. State all assumptions you make.
Determine who you believe the killer to be and why : As lead investigator in the case, you would need to hold a debriefing with your detectives. List what they did correct and any mistakes that were made. What should be done to ensure the mistakes are not repeated in the future?
At what speed should they run the water in the water tunnel : Both the air and the water are at 20°C. At what speed should they run the water in the water tunnel, and at what rpm should they spin their
What is the potential liability exposure for the auditor : A subsequent event is one that occurs after the date of the financial statements (i.e., December 31, 2013) but prior to the auditor having dated (or possibly issued) the audit report (i.e., March 15, 2014). One type of subsequent event is where addit..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate its expected cost savings for the coming year

If Heartland can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected cost savings for the coming year.

  What you would do to correct the internal control weakness

Describe in detail the main internal control weakness in this situation. Specify what negative result could occur because of the internal control weakness. Describe what you would do to correct the internal control weakness.

  Describe how to make capital investment decisions

Describe how to make capital investment decisions and analyze project analysis and evaluation processes and evaluate capital project techniques and cost of capital valuation

  Why provisions are liabilities of uncertain timing or amount

Identify a set of IFRS-compliant annual financial statements for 2009 or 2010 and provide information in rows 1 to 4 in the table below.

  Fairfax company uses weighted-average process costing to

fairfax company uses weighted-average process costing to account for its production costs. direct labor is added

  Considering the purchase of a new bottling machine

Caine bottling corporation is considering the purchase of a new bottling machine. The machine would cost $200,000 and has an estimated useful life of 8 years with zero salvage value. Management estimates that the new bottling machine will provide net..

  Prepare journal entries under the perpetual inventory system

Sunita Computer Supplies entered into the following transactions. Prepare journal entries under the perpetual inventory system.

  Q1 on november 30 2008 crown food purchased two trucks for

q1. on november 30 2008 crown food purchased two trucks for a total of 70000 issuing a one-year 8 note payable all due

  Determine the amount of gross profit or loss

Determine the amount of gross profit or loss to be recognized in each of the three years using the percentage-of-completion method.

  How much of first ent should larry include

he should expect to receive 310 monthly payments. The cost of the annuity to Larry was $620,000. How much of first $3,000 payment should Larry include in gross income?

  Problem 1 - nancy company has budgeted sales of 750000 with

problem 1 - nancy company has budgeted sales of 750000 with the subsequent budgeted costsdirect materials 210000direct

  Perpetual method for inventory and record purchases

ABC uses the perpetual method for inventory and record purchases at gross. in 2014, it has a total merchandise purchases of $324,000. It returns $19,000 of the merchandise for full credit and receives $7,000 in allowances from its vendors for defecti..

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