Cycle Time, Welocity, Product Costing Goldman Company has a IT system in place. Each manufacturing coll is dedicated to the production of a single product or major subassembly. One cell, dedicated to the production of telescopes, has four operations machining finishing, assembly, and qualifying (testing). For the coming year, the telescope cell has the following budgeted costs and cell time (both at theoretical capacity) Budgeted conversion costs $9,000,000 Budgeted raw materials $9,350,000 Cell time 12,000 hours Theoretical output 000 cope During the year, the following actuale s were obtained Actual conversion costs $9,000,000 57.400,000 12,000 hours 90.000 escogs 1. Compute the velocity number of your answers to two decimal places copes per hour) that the can theoretically achieve. Now, compute the theor e etime ruber of hours or Theoretical velocity telescopes per hour Theoretical cycle time minutes per telescope 2. Compute the actual velocity and the actual cydet Round your answers to two deca place Actual cycle time minutes per telescope 3. Concept Canction: Compute the budete conversion cost telescope for actualul Round your awes to the nearest cent minute. Using this compute the chieved. Using this compute the conversion costs per Budgeted corion Actual convocat per les Does this product casting prach provide an incentive for the cell manager to reduce byde time? Explain Cycle Time, Welocity, Product Costing Goldman Company has a IT system in place. Each manufacturing coll is dedicated to the production of a single product or major subassembly. One cell, dedicated to the production of telescopes, has four operations machining finishing, assembly, and qualifying (testing). For the coming year, the telescope cell has the following budgeted costs and cell time (both at theoretical capacity) Budgeted conversion costs $9,000,000 Budgeted raw materials $9,350,000 Cell time 12,000 hours Theoretical output 000 cope During the year, the following actuale s were obtained Actual conversion costs $9,000,000 57.400,000 12,000 hours 90.000 escogs 1. Compute the velocity number of your answers to two decimal places copes per hour) that the can theoretically achieve. Now, compute the theor e etime ruber of hours or Theoretical velocity telescopes per hour Theoretical cycle time minutes per telescope 2. Compute the actual velocity and the actual cydet Round your answers to two deca place Actual cycle time minutes per telescope 3. Concept Canction: Compute the budete conversion cost telescope for actualul Round your awes to the nearest cent minute. Using this compute the chieved. Using this compute the conversion costs per Budgeted corion Actual convocat per les Does this product casting prach provide an incentive for the cell manager to reduce byde time? Explain
