Business, 08.04.2020 04:51 reganwade8298

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products ABCD Direct materials$13.20$9.10$9.90$9.50 Direct labor 18.30 26.30 32.50 39.30 Variable manufacturing overhead 3.20 1.60 1.50 2.10 Fixed manufacturing overhead 25.40 33.70 25.50 36.10 Unit product cost$60.10$70.70$69.40$87.00 Additional data concerning these products are listed below. Products ABCD Grinding minutes per unit 2.70 3.40 3.20 2.30 Selling price per unit$75.00$92.40$86.30$103.10 Variable selling cost per unit$1.10$0.10$2.20$0.50 Monthly demand in units 2,900 2,900 1,900 2,100 The grinding machines are potentially the constraint in the production facility. A total of 52,600 minutes are available per month on these machines. Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products

Answers: 1

Show answers

Answers

Answer from: AshleyRojas7187

A. Total grinding minutes required = 28,600 minutes

Of the 4, product D offers the highest profitability per grinding minute.

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6.35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.70 per grinding minute

Explanation:

Bruce corporation

Step 1 identify Grinding minutes per unit of product

A = 2.70

B = 3.40

C = 3.20

D = 2.30

Step 2. Identify Production units through monthly demand units

A = 2,900

B = 2,900

C = 1,900

D = 2,100

Step 3. Determine total grinding units required to fulfill demand.

A = 2,900 x 2.70 = 7,830

B = 2,900 x 3.40 = 9,860

C = 1,900 x 3.20 = 6,080

D = 2,100 x 2.30 = 4,830

Total grinding minutes required = 28,600

Product profitability

Step 1. Determine product cost

Differentiate the product Costs and variable selling costs per unit from the unit selling prices.

A = 75.00 - 60.10 - 1.1 = 13.80

B = 92.40 - 70.70 - 0.1 = 21.60

C = 86.30 - 69.40 - 2.20 = 14.70

D = 103.10 - 87.00 - 0.50 = 15.60

Step 2. Multiply the profitability per unit with volume demanded to determine absolute value of profits made

A = 2,900 x 13.80 = $40,020

B = 2,900 x 21.60 = $62,640

C = 1,900 x 14.70 = $27,930

D = 2,100 x 15.60 = $32,760

Total profit = $163,350.

Step 3./determine the profit per grinding minute. To evaluate which product makes best use of the grinding machine

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6/35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.7 per grinding minute

Answer from: Quest

answer(c) factors of production;

Answer from: Quest

Well, i would start out by advertising a lot. take money out of unused profit to have build boards put up and internet advertising. also, make sure your store signs are large and noticeable. make sure you have good deals and prices that the average consumer would be okay with. also, location is key. being in a high technology based city/location would be excellent for your business because it is based off of technology. hope this ! : )

Another question on Business

Business, 21.06.2019 20:20

Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.

Answers: 2

Answer

Business, 22.06.2019 09:30

What are two benefits of consumer programs

Answers: 2

Answer

Business, 22.06.2019 12:20

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

Answers: 3

Answer

Business, 22.06.2019 16:10

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.

Answers: 2

Answer

You know the right answer?

Bruce Corporation makes four products in a single facility. These products have the following unit p...

Questions