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Anna Garden recently opened her own basketweaving studio. She sells finished baskets in addition to the raw materials needed by customers to weave baskets of their own. Anna has put together a variety of raw material kits, each including materials at various stages of completion. Unfortunately, owing to space limitations, Anna is unable to carry all varieties of kits originally assembled and must choose between two basic packages. The basic introductory kit includes undyed, uncut reeds (with dye included) for weaving one basket. This basic package costs Anna $16 and sells for $30. The second kit, called Stage 2, includes cut reeds that have already been dyed. With this kit the customer need only soak the reeds and weave the basket. Anna is able to produce the second kit by using the basic materials included in the first kit and adding one hour of her own time, which she values at $18 per hour. Because she is more efficient at cutting and dying reeds than her average customer, Anna is able to make two kits of the dyed reeds, in one hour, from one kit of undyed reeds. The Stage 2 kit sells for $36.
Castner Corporation is considering implementation of a JIT inventory system. The company’s industrial engineer recently conducted a study to determine the average number of days spent in each activity of the production process. Identify Castner’s val..
Dano has decided to start his own enterprise growing wheat grass in 2012.The particular strain of wheat grass he plans on growing is very susceptible to direct sunlight, so Dano buys a vacant home in Elk Grove
long term investments - adjusted to market and equity methods.on january 1 2010 cavalier corporation purchased 8
The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $10,400 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material c..
a portion of the stockholders equity section from the balance sheet of walland corporation appears as
Compute the total cost per equivalent unit for the month and compute the equivalent units of material and of conversion costs in the ending inventory.
Any item or service that you sell is considered to be:
Compute present value and the internal rate or return for the new product line - outlay for working capital will be recovered at the end of six year. Aunt Sally's tax rate is 34% and the firm requires 16% return.
Assume Adams Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000; Cost of goods sold $330,000, Operating expenses $110,000.
Wilson Corporation is budgeting its equipment needs on an ongoing basis, with a new quarter being added to the budget as the current quarter is completed. This type of budget is most commonly known as a:
which of the is not an important factor consider in capital budgeting decision
Calculate the activity rate per purchase order.- Express total activity availability in terms of activity capacity used and unused capacity.
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