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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Dive rs Planning Budget For the Month Ended May 31 Budgeted divinghours (q) 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 + $125.00q) 20,500 Supplies ($3.00q) 300 Equipment rental ($1,800 + $32.00q) 5,000 Insurance ($3,400) 3,400 Miscellaneous ($630 + $1.80q) 810 Total expense 30,010 Net operating income $ 6:490 , During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Revenue Expenses: Wages and salaries Equipment rental Insurance Miscellaneous Total expense Net operating incomeFlight Cafe prepares inflight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) 18.000 Revenue ($4.50q) $81,000 Expenses: Raw materials ($2.40q) 43,200 Wages and salaries ($5,200 + $0.30q) 10,600 Utilities ($2,400 + $0.05q) 3,300 Facility rent ($4,300) 4,300 Insurance ($2,300) 2,300 Miscellaneous ($680 + $0.10q) 2.480 Total expense 66,180 Net operating income $141320 [ In July,17.800 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 17.800 Revenue ($4.50q) $80,100 Expenses: Raw materials ($2.40q) 42,720 Wages and salaries ($5,200 + $0.30q) 10,540 Utilities ($2,400 + $0.05q) 3,290 Facility rent ($4,300) 4,300 Insurance ($2,300) 2,300 Miscellaneous ($680 + $0.10q) 2.450 Total expense 65,610 Net operating income $141490 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None'I for no effect (i.e., zero variance). Input all amounts as positive values.) Wages and salaries Utilities Facility rent Miscellaneous Total expense Net operating income Qullcene Oysteria farms and sells oysters in the Pacic Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 8.000 Revenue ($4.00q) $32.000 Expenses: Packing supplies ($0.50q) 4,000 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,900 + $0.30q) 5,300 Shipping ($0.80q) 6,400 Utilities ($830) 830 Other ($450 + $0.05q) 850 Total expense 20,580 $ 11,420 Net operating income r The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $35,200 Expenses: Packing supplies 4,200 Oyster bed maintenance 3,100 Wages and salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total expense 21,680 Net operating income $13'520 r--------- Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Total expense Net operating income Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (q) 48 48 50 Revenue ($320.00q) $13,650 $15,360 $16,000 Expenses: Wages and salaries ($4,000 + $82.00q) 8,430 7,936 8,100 Fuel ($23.00q) 1,260 1,104 1,150 Airport fees ($650 + $38.00q) 2,350 2,474 2,550 Aircraft depreciation ($7.00q) 336 336 350 Office expenses ($190 + $2.00q) 460 285 290 Total expense 12,836 12,136 12,440 Net operating income $ 814 $ 3'224 $ 3'569 [ The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Flights Revenue Expenses: Wages and salaries Airport fees Aircraft depreciation Ofce expenses Total expense Net operating income Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identied two cost driversthe number of cruises and the number of passengersthat it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufcient demand. Up to 80 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Fixed Cost per Month Cost per Cruise Cost per Passenger Vessel operating costs $ 5,200 $480.00 $2.00 Advertising $ 1,700 Administrative costs $ 4,300 $ 24.00 $1.00 Insurance $ 2,900 For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of1.400 passengers. Required: Prepare the company's flexible budget for July. Vessel operating costs _ Advertising _ Administrative costs - Total expense Net operating incomeKilmer Company has demand for its only product that exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week 6,600 minutes Machine time available per week 11,000 minutes Actual run rate this week 5.1 units per minute Ideal run rate 6 units per minute Defect-free output this week 23,562 units Total output this week (including defects) 33,660 units Required: 1. & 2. With respect to the company's overall equipment effectiveness, calculate the following: (Do not round intermediate calculations. Round nal answers to 2 decimal places and "Units" answers to the nearest whole number.) . Utilization rate . Efciency rate . Quality rate . Overall equipment effectiveness . Utilization loss in units . Efciency loss in units . Quality loss in units Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Last Year This Year Prevention costs $ 357,000 $ 650,000 Appraisal costs $ 445,000 $ 545,000 Internal failure costs $ 790,000 $ 500,000 External failure costs $1,100,000 $ 680,000 Required: 1. Calculate the total cost of quality last year and this year. Total cost of quality __ 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your answers to 1 decimal place.) Prevention costs _ % Appraisal costs - % Internal failure costs - % External failure costs - % Total percent 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your answers to 1 decimal place.) Prevention costs - % Appraisal costs - \"lo Internal failure costs - \"lo External failure costs - \"In Total percent 4-a. Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality Management of Mittel Company would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time 0.3 days Wait time ( from order to start of production) 14.0 days Process time 2.7 days Move time 1.0 days Queue time 5.0 days Required: 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answers to the nearest whole percent.) 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Round your percentage answer to 1 decimal place.) 1 . Throughput time days 2. Manufacturing cycle efficiency % 3. Non-value-added throughput time % 4. Delivery cycle time days 5. New manufacturing cycle efficiency %A number of activities that are part of a company's quality control system are listed below: Required: 1. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. Internal External Prevention Appraisal Failure Failure Activities Cost Cost Cost Cost a . Product testing b. Product recalls C. Rework labor and overhead d. Quality circles e. Downtime caused by defects f. Cost of field servicing g. Inspection of goods h. Quality engineering i. Warranty repairs j. Statistical process control K. Net cost of scrap 1. Depreciation of test equipment m. Returns and allowances arising from poor quality n. Disposal of production defects O . Technical support to suppliers p. Systems development q. Warranty replacements r. Field testing at customer site S. Quality training
