Merollis Company instituted a quality program last year. The non value-added actual activity for last year and
Question:
Merollis Company instituted a quality program last year. The non value-added actual activity for last year and this year and the standard cost of each activity is as follows:
Required:
a. Prepare a value added report for last year and for the current year using the above information
b. Complete a trend report for non value-addedcosts.
Transcribed Image Text:
Last Year- actual This Year-actual Standard Cost Standard Quantity Materials (pounds) Labor (hours) Setups (hours) Material handling (moves) Warranties (number repaired) 10000 2500 400 700 500 9925 2450 300 800 100 12 8000 2000 200 400 400
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
a Activity ValueAdded NonvalueAdded Actual Materials pounds 40000 10000 50000 Labor hours 22000 5500 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Question Posted:
Students also viewed these Managerial Accounting questions
-
A quality improvement program has been instituted in an organization to reduce total quality costs. Discuss the impact of such a program on prevention, appraisal, and failure costs.
-
A manufacturer of dustless chalk instituted a quality control program to monitor chalk density. The sample standard deviations of densities for 24 different subgroups, each consisting of n = 8 chalk...
-
Required Based on the cost of quality report that you prepared in P9-12 above, offer suggestions to Pimental Manufacturing Inc. as to how it might improve its quality program
-
Mrs Anh Thuy is a 43 year old lady admitted following an incidence of blurred vision, numbness down the right side and a sharp pain in her head. A neighbour found her on the ground unable to move or...
-
Speculative Foreign Contracts Krispy Kreme Doughnuts, Inc. has franchises operating outside the U.S. and invests in derivatives to hedge its foreign currency risk. Although it tries to hedge its...
-
You are observing the spot rate and cross rate between the Japanese yen and the U.S. dollar stated below. Assume you have $1,000,000 (dollar). What would be your first step in your triangle arbitrage...
-
What are the primary components in an employee wellness program?
-
The Peachtree Airport in Atlanta serves light aircraft. It has a single runway and one air traffic controller to land planes. It takes an airplane 12 minutes to land and clear the runway. Planes...
-
Olivia received an invoice for $5,000 that had payment terms of 4/15 n/30. She made a partial payment of $2,500 during the discount period. a. Calculate the amount credited. Round to the nearest cent...
-
Wiper democratic is a company specialising in the sale of high-quality bananas. The company sales representatives sell bananas to distributors all over the country. The basic price for each carton is...
-
a. Austin Industries has four divisions in two separate geographical areas. In the center region, the two divisions are Omaha and Kansas City. The southwest region has the other two divisions: Dallas...
-
Manhattan Products started and finished job no. B67 during June. The job required $8,000 of direct material and 50 hours of direct labor at $9 per hour. The predetermined overhead rate is $12 per...
-
A project has the following expected cash flows: CF 0 = 2$500, CF 1 = $200, CF 2 = $200, and CF 3 = $400. If the projects cost of capital is 9%, what is the P I ?
-
Complete the "Leadership Vision Questionnaire" in Chapter 7 (p176). Reflect on your results and complete the following prompts: Share the results from your questionnaire. Be sure to include the final...
-
1. Prepare el Presupuesto Operacional hasta completar el COGS (70 puntos) La empresa ACCO 295 tiene una venta proyectada de $450,000 Cada unidad se vende $450 Su inventario inicial 300 (costo $125)...
-
Continuing Case 65. Retirement Income Forecast Jamie Lee and Ross, now 57 and still very active, have plenty of time on their hands now that the triplets are away at college. They both realized that...
-
The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Cash...
-
Harry and Sally went to a large hardware store and told the salesperson they wanted the cheapest rotating clothesline in stock, provided it would bear a heavy load of washing. The salesperson assured...
-
Stubing Company has two producing departments and two support centers. The following budgeted data pertain to these four departments: Required: 1. Allocate the overhead costs of the support...
-
A routine activity such as pumping gasoline can be related to many of the concepts studied in this text. Suppose that premium unleaded costs $3.75 per gal. Work Exercises in order. Use the...
-
Gasworks AG has been approached to sell up to 5 million litres of gasoline in 3 months at a price of 1.85 per litre. Gasoline is currently selling on the wholesale market at 1.65 per litre and has a...
-
Indicate whether each of the items below is a real or nominal account and whether it appears in the balance sheet or the income statement. (a) Prepaid Rent. (b) Salaries and Wages Payable. (c)...
-
Employees are paid every Saturday for the preceding work week. If a balance sheet is prepared on Wednesday, December 31, what does the amount of wages earned during the first three days of the week...
-
(a) How do the components of revenues and expenses differ between a merchandising company and a service enterprise? (b) Explain the income measurement process of a merchandising company.
-
Required : a- outline the statement of comperhensive income for the year ended 30 november 2021 b- outline the statment of financial position as at 30 November The Trial Balance of Alim Enterprise at...
-
International business and environment The MIR requires teams to gather current, or the most recently available, data on the markets people, economy, government, and technological status from online...
-
Consider the following stream of cash flows. The interest rate is 10%. 0 1 2 3 4 5 6 7 100 100 100 200 0 300 300 300 a) What is the value at time 0 of the cash flow stream? b) What is the value of...
Study smarter with the SolutionInn App