User Account

All Pages

What is the overall contribution from the production plan

Assignment Help Accounting Basics
Reference no: EM131788399

Green Front Furniture manufactures a high-quality dining table, which is offered in both oak and walnut. The demand for the tables is 800 units for the oak table and 1500 for the walnut table. The tables are priced at $495 and $995 for the oak and walnut tables, respectively. The materials cost is $210 for the oak table and $430 for the walnut table. In addition, Green Front has the following manufacturing information for the four manufacturing processes (receiving, preparation, assembly, and finishing), showing the amount of time (in minutes) required for each table for each process, and the total minutes of time available for each process.

Time per unit      
  Name Oak Walnut Available Time    
  Receiving 25 50 100000    
  Preparation 80 120 250000    
  Assembly 100 250 400000    
  Finishing 60 40 120000

a) Which process(es), if any, are constraints for the current level of demand?

b) Given any constraints identified in part (a) above, determine the best production and sales plan for the two types of tables.

c) What is the overall contribution from the production plan you determined in part (b) above?

Reference no: EM131788399

Questions Cloud

Annotated bibliography on child pornography : Prepare Annotated Bibliography on child pornography - Evaluate and characterize risk factors in juveniles
Does python use strings under the cover for their numbers : Write few lines of code that outputs a natural phenomenon in python and Java, question: Does python use strings under the cover for their numbers
Two-dimensional array elements : Derive a general address translation formula for t[i] [j], where t is a two-dimensional array whose elements require w bytes of memory for storage.
Analyzes the business transactions in accounting equation : Analyzes and records the following business transactions in the accounting equation (indicates increase + and decrease -) and in the Journal.
What is the overall contribution from the production plan : What is the overall contribution from the production plan you determined in part (b) above
How much cash should be available for purchases of grape : July's production is expected to be 135,000 litres. How much cash should be available for purchases of açaí and grape nectar in June?
What decision might mr quick make : Al Quick, the president of a New York Stock Exchange-listed firm, is very short term oriented and interested in the immediate consequences of his decisions.
What are the estimated cash receipts for may : Lee Corporation is preparing its cash budget for the month of May. What are the estimated cash receipts for May, based on the above information?
What is net operating income using variable costing : Given that total fixed manufacturing overhead has not changed from last year, what is this year's net operating income using variable costing?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd