Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you explain how? 3 Backlog FACTS: 1 2 3 4 ASSIGNMENT: Calculate ending inventory of work in process or backlog in hours and staffing

image text in transcribed

can you explain how?

3 Backlog FACTS: 1 2 3 4 ASSIGNMENT: Calculate ending inventory of work in process or "backlog" in hours and staffing level. There are two calculations to perform: (1) Calculate the ending inventory of work in hours, and (2) calculate how many consultants the work will support at 70% utilization. Beginning WIP: 259,565 hours Work Charged (performed) this Period: 44,250 hours Work Deleted this Period: 1,850 hours Total Proposed Issued: 27,350 hours Conversion Ratio: 30% Scope Expansion: 2,100 hours Projected Utilization: 70% Hours = 223,770 Staffing = 154 5 6 7 ANSWER: 3 Backlog FACTS: 1 2 3 4 ASSIGNMENT: Calculate ending inventory of work in process or "backlog" in hours and staffing level. There are two calculations to perform: (1) Calculate the ending inventory of work in hours, and (2) calculate how many consultants the work will support at 70% utilization. Beginning WIP: 259,565 hours Work Charged (performed) this Period: 44,250 hours Work Deleted this Period: 1,850 hours Total Proposed Issued: 27,350 hours Conversion Ratio: 30% Scope Expansion: 2,100 hours Projected Utilization: 70% Hours = 223,770 Staffing = 154 5 6 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automotive Audits Principles And Practices

Authors: D. H. Stamatis

1st Edition

0367696592, 978-0367696597

More Books

Students also viewed these Accounting questions

Question

Give an example of an Outpatient compliant queries

Answered: 1 week ago