Answer:
(a) Predetermined overhead rate for the entire plant:
= 30
Applied manufacturing overhead for Job A:
= Total hours of direct labor × Predetermined overhead rate for the plant
= 15 × 30
= 450
Applied manufacturing overhead for Job A:
= Total direct labor hours × Plantwide predetermined overhead rate
= 9 × 30
= 270
(b) Department-specific predetermined overhead rates:
= 30
= 1.2
Applied manufacturing overhead for Job A:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (11 × 30) + (10 × 1.2)
= 330 + 12
= 342
Applied manufacturing overhead for Job B:
= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)
= (12 × 30) + (5 × 1.2)
= 360 + 6
= 366
Answer:
The right answer is: price elasticity of supply and demand.
Explanation:
A tax of $4 per unit on automobile tire supply has been enacted by the government. Suppliers are responsible for this tax. Importantly, the outcome will remain unchanged regardless of whether the burden is on the buyer or the seller. Enforcing this tax will result in a rise in the commodity's price.
The distribution of the tax burden between buyers and sellers directly correlates with demand and supply elasticity. If demand is significantly more elastic relative to supply, suppliers will carry a larger portion of the tax burden, and vice versa.
(a) The optimal machine assignment time is 7 minutes. (b) The duration of a complete cycle is 25 minutes. There will indeed be 7 minutes of idle time for the operator. (c) If an operator is assigned three machines, the cost per unit produced amounts to $13.88 per unit. To elaborate, loading takes 3 minutes, unloading lasts 2 minutes, while the runtime is 20 minutes. The time spent on inspection and packing takes 1 minute. The operator's wage is $10 per hour, and machine cost is $30 per hour. Ideal machine assignment can be calculated via machine cycle time divided by the operator time per machine. The machine cycle includes run, load, and unload time, which sums to 25 minutes. The time contribution per machine is 6 minutes, resulting in an ideal machine assignment of 25 ÷ 6 = 4.17, indicating the assignment of four machines to an operator is suboptimal, leading to idle time. The complete cycle takes 25 minutes. Idle operator time is calculated as cycle time minus the operational contributions of the machines assigned, culminating in 7 minutes of idle time. The total cost of each unit produced comes from combining operator costs with machine costs, multiplied by cycle time adjusted for hours, resulting in $13.88 per unit.
