{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T06:00:50-04:00", "answer_date": "2024-05-27 06:00:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1781273", "url": "\/study-help\/questions\/jit-features-and-product-costing-accuracy-prior-to-installing-a-1781273", "question_creation_date_js": "2024-05-27T06:00:50-04:00", "question_creation_date": "May 27, 2024 06:00 AM", "meta_title": "[Solved] JIT Features and Product Costing Accuracy | SolutionInn", "meta_description": "Answer of - JIT Features and Product Costing Accuracy Prior to installing a JIT system, Buckner Company, a producer of automobile | SolutionInn", "meta_keywords": "jit,features,product,costing,accuracy,installing,system,buckner,company,producer,automobile,parts", "question_title_h1": " JIT Features and Product Costing Accuracy Prior to installing a JIT system, Buckner Company, a producer of automobile parts, used maintenance hours to assign", "question_title": " JIT Features and Product Costing Accuracy Prior to installing a JIT", "question_title_for_js_snippet": "JIT Features and Product Costing Accuracy Prior to installing a JIT system, Buckner Company, a producer of automobile parts, used maintenance hours to assign maintenance costs to its three products (wheels, rims, and ball bearings) The maintenance costs totaled $5,562,480 per year The maintenance hours used by each product and the quantity of each product produced are as follows Wheels Rims Bearings Maintenance Hours Quantity Produced 187,000 163,625 187,000 242,000 163,625 211,750 After installing JIT, three manufacturing cells were created, and cell workers were trained to perform preventive maintenance and minor repairs A full time maintenance person was also assigned to each cell Maintenance costs for the three cells still totaled $5,562,480 however, these costs are now traceable to each cell as follows Cell, wheels Cell, rims Cell, bearings Required $1,529,310 1,688,610 2,344,560 1 Compute the pre JIT maintenance cost per unit for each product If required, round your answers to the nearest cent Wheels Rims per unit per unit Bearings per unit 2 Compute the maintenance cost per unit for each product after installing JIT If required, round your answers to the nearest cent Wheels per unit per unit Rims Bearings per unit", "question_description": "\"image", "transcribed_text": "JIT Features and Product Costing Accuracy Prior to installing a JIT system, Buckner Company, a producer of automobile parts, used maintenance hours to assign maintenance costs to its three products (wheels, rims, and ball bearings). The maintenance costs totaled $5,562,480 per year. The maintenance hours used by each product and the quantity of each product produced are as follows: Wheels Rims Bearings Maintenance Hours Quantity Produced 187,000 163,625 187,000 242,000 163,625 211,750 After installing JIT, three manufacturing cells were created, and cell workers were trained to perform preventive maintenance and minor repairs. A full-time maintenance person was also assigned to each cell. Maintenance costs for the three cells still totaled $5,562,480; however, these costs are now traceable to each cell as follows: Cell, wheels Cell, rims Cell, bearings Required: $1,529,310 1,688,610 2,344,560 1. Compute the pre-JIT maintenance cost per unit for each product. If required, round your answers to the nearest cent. Wheels Rims per unit per unit Bearings per unit 2. Compute the maintenance cost per unit for each product after installing JIT. If required, round your answers to the nearest cent. Wheels per unit per unit Rims Bearings per unit", "related_book": { "title": "Hospitality Financial Accounting", "isbn": "9780470598092, 470083603, 978-0470083604", "edition": "2nd Edition", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/239.jpg", "uri": "\/textbooks\/hospitality-financial-accounting-2nd-edition-239", "see_more_uri": "" }, "free_related_book": { "isbn": "0080370705", "uri": "\/textbooks\/progress-in-heterocyclic-chemistry-volume-2-1st-edition-978-0080370705-153305", "name": "Progress In Heterocyclic Chemistry Volume 2", "edition": "1st Edition" }, "question_posted": "2024-05-27 06:00:50", "see_more_questions_link": "\/study-help\/questions\/business-business-communication-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/fundamentals-of-heat-and-mass-transfer\/consider-wavefree-laminar-condensation-on-a-vertical-isothermal-plate-of", "description": "Consider wave-free laminar condensation on a vertical isothermal plate of length L, providing an average heat transfer coefficient of h L . If the plate is divided into N smaller plates, each of...", "stars": 3 }, { "url": "\/choice-two-manufacturing-company-changed-from-the-completedcontract-to-the", "description": "Choice Two Manufacturing Company changed from the completed-contract to the percentage-of-completion method of accounting for long-term construction contracts during 2014. For tax purposes, the...", "stars": 3 }, { "url": "\/study-help\/systems-analysis-and-design\/217-make-a-sketch-of-a-singlezone-system-for-a-1891730", "description": "=+2-17. Make a sketch of a single-zone system for a small building that uses a ground-coupled heat pump. Show all the major parts of the system, including the ground heat exchanger. Discuss operation...", "stars": 3 }, { "url": "\/study-help\/biostatistics\/for-a-dummy-variable-multiple-regression-model-based-on-the-1981421", "description": "For a dummy variable multiple regression model based on the dummy variables ????1 and ????2 and a single quantitative explanatory variable ???? (a) write down the equation of the interaction model....", "stars": 3 }, { "url": "\/the-shelf-supports-the-electric-motor-which-has-mass-m1", "description": "The shelf supports the electric motor which has mass m 1 and mass center at Gm. The platform upon which it rests has mass m 2 and mass center at Gp. Assuming that a single bolt B holds the shelf up...", "stars": 3 }, { "url": "\/study-help\/questions\/question-1-1-let-s-consider-an-employee-relation-9907246", "description": "Question 1 1 . Let s consider an Employee relation described by the following attributes: emptID, empName,empAddress and empPhone. a . Explain how the information of the following row of the Employee...", "stars": 3 }, { "url": "\/study-help\/questions\/iii-journalize-the-following-selected-transactions-completed-during-the-current-5946727", "description": "III. Journalize the following selected transactions completed during the current fiscal year: (worth 35 points) If no entry is made write \"No entry\" Jan 3 The Board of Directors issued 10,000 shares...", "stars": 3 }, { "url": "\/study-help\/questions\/what-is-your-organizations-commitment-to-diversity-is-there-a-1005945", "description": "What is your organization's commitment to diversity? Is there a DE & I statement or mission statement?", "stars": 3 }, { "url": "\/study-help\/questions\/joseph-hoffman-alleged-that-red-owl-stores-promised-him-that-1006081", "description": "Joseph Hoffman alleged that Red Owl stores promised him that it would build a store building in Chilton, Wisconsin and stock it with merchandise for Hoffman to operate in return for Hoffman's...", "stars": 3 }, { "url": "\/study-help\/questions\/did-sanergy-make-ethical-choices-forum-the-prompt-for-this-1007974", "description": "Did Sanergy make ethical choices? forum The prompt for this discussion forum is \"Do you believe that Sanergy made ethical choices? Why do you feel this way?\"", "stars": 3 }, { "url": "\/study-help\/questions\/the-oil-delivery-tanker-mv-jolly-while-delivering-oil-to-1008063", "description": "The oil delivery tanker M\/V Jolly, while delivering oil to the H.V Petram Barge at anchorage, collided with the barge causing extensive damage to both the barge and tanker. As a result of the...", "stars": 3 }, { "url": "\/study-help\/questions\/this-again-poses-a-scenario-it-been-asked-to-compose-1008344", "description": "This again poses a scenario. It been asked to compose an executive memo to the company's new Director of Negotiations. And have been asked to teach him\/her the ropes. Using these three articles,...", "stars": 3 }, { "url": "\/study-help\/questions\/a-corporations-bonds-have-25-years-to-maturity-an-875-8371470", "description": "a corporations bonds have 25 years to maturity, an 8.75% coupon paid semiannually and a $1000 par value. the bond has a 6.5% nominal yield to maturity, but it can be called in 6 years at a price of...", "stars": 3 }, { "url": "\/activator-rod-ab-exerts-on-crank-bcd-force-p", "description": "Activator rod AB exerts on crank BCD a force P directed along line AB. Knowing that P must have a 100-N component perpendicular to arm BC of the crank, determine (a) The magnitude of the force P, (b)...", "stars": 3 }, { "url": "\/study-help\/financial-accounting-information-for-decisions\/who-is-responsible-for-directing-a-corporations-affairs-appendixlo1-1671985", "description": "Who is responsible for directing a corporations affairs? AppendixLO1", "stars": 3 }, { "url": "\/study-help\/financial-accounting-information-for-decisions\/a-companys-shares-have-a-market-value-of-85-per-1671982", "description": "A companys shares have a market value of $85 per share. Its net income is $3,500,000, and its weighted-average common shares outstanding is 700,000. Its price-earnings ratio is: a. 5.9 b. 425.0 c....", "stars": 3 }, { "url": "\/study-help\/financial-accounting-information-for-decisions\/how-are-organization-expenses-reported-appendixlo1-1671984", "description": "How are organization expenses reported? AppendixLO1", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/-1781272", "next": "\/study-help\/questions\/question-4-when-jamila-buys-shaving-razors-for-herself-at-1781274" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " JIT Features and Product Costing Accuracy Prior to installing a JIT", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/jit-features-and-product-costing-accuracy-prior-to-installing-a-1781273" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }}