During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make? During August of the current year, Job 067 for 2,000 handsaws was completed at the following cost per unit: P 5.00 4.00 Direct materials Direct labor Factory overhead (applied at 150% of DLC) 6.00 Final inspection revealed 100 defective units, which were reworked at a cost of P2.0 per unit for direct labor plus overhead at the predetermined rate. 25. If the defect is due to internal failure, what is the total rework cost and to what account should it be charged? Norman buys baseball bats from a manufacturer at P10 each. Norman expects to sell 90,000 bats evenly over the next year. Norman's cost of capital is 10 percent. The total out-of-pocket cost to carry one bat in inventory is P0.50 and the cost of ordering hats is P15per order. 22. Suppose that Norman orders 3,000 bats at a time. What is the total annual inventory cost? 23. What is the economic order quantity? 24. How many times would Norman have to place an order in one year? Viber Company manufactures electric drills to the exacting specifications of various customers. During February 2014, Job 403 for the production of 1,100 drills was completed at the following cost per unit: Direct materials Direct labor Factory overhead Total P100 80 120 3.00 Final inspection of Job 403 disclosed 50 defective units and 100 units of normal spoilage. The defective drills were reworked at a total cost of P5,000 and the spoiled drills were sold to a jobber for P15,000. 17. The unit cost of the good units produced on Job 403 was: The following information relates to Blueberry Company's materials Y Working days per year Normal lead time in working days Maximum lead time in working days 18. Assuming that the units of material Y will be required evenly throughout the year. the safety stock and order point would be 240 20 45 UFC Inc. manufacture 100,000 specialized bulbs for its transformer division. The bulbs will be used evenly throughout the year. The setup cost every time a production run is made isP800 and the cost to carry bulbs in inventory for the year is P4. UFC's objective is to produce the bulbs at the lowest cost possible. 19. Assuming that each production run will be for the same number of bulbs, how many production runs should UFC make?