Options for 1b are: very, somewhat, not very

Options for fill in the blank: is, is not

Options for second fill in the blank: reduce inventories, reduce production time, increase quality

Options for fill in the blank: mirrors, so better reflects, does not reflect

Value Stream Product Costing During the week of May 10, Hyrum Manufacturing produced and shipped 16,000 units of its aluminum wheels: 4,000 units of Model A and 12,000 units of Model B. The cycle time for Model A is 1.09 hours and for Model B is 0.47 hour. The following costs and production hours were incurred: Hyrum Manufacturing Value-Stream Costs and Production Hours This Week, May 10 Net Hours Materials Salaries Wages Machining Other Total Cost 1,600 $18,000 $18,000 Order processing Production planning Purchasing 100 36,000 Stamping 36,000 27,000 145,500 42,000 50,000 800 2,000 $267,000 2,400 100,000 500 75,000 600 $36,000 $18,000 42,000 12,000 27,000 466,500 196,000 Welding Cladding 125,000 Inspection 10,500 10,500 Packaging and shipping 600 9,000 9,000 Invoicing 1,400 12,000 12,000 Totals 10,000 $442,000 $350,000 $78,000 $30,000 $900,000 Required: Required: 1. Assume that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost. per unit Complete the statement below on the accuracy of the value computed. The cost is accurate as the value stream is dedicated to one product and its costs all belong to that product. 2. Assume that Model A is responsible for 40% of the materials cost. Calculate the unit cost for Models A and B. Explain the rationale for using units shipped instead of units produced in the calculation. Round your answers to two decimal places. Model A Model B $ $ Complete the statement below on the accuracy of the Model A and Model B values computed. When products are heterogeneous or reflect a great deal of variety through custom designing, then using average conversion cost a good measure for tracking changes in value-stream efficiency. Complete the statement below that explains the rationale for using units shipped instead of units produced in the calculation. Using units shipped for the unit calculation motivates managers to 3. Calculate the unit cost for the two models, using DBC. Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2. Round your answers to two decimal places. Model A Model B $ $ Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2. DBC approximates ABC cost assignments and the consumption of resources by the two products. Value Stream Product Costing During the week of May 10, Hyrum Manufacturing produced and shipped 16,000 units of its aluminum wheels: 4,000 units of Model A and 12,000 units of Model B. The cycle time for Model A is 1.09 hours and for Model B is 0.47 hour. The following costs and production hours were incurred: Hyrum Manufacturing Value-Stream Costs and Production Hours This Week, May 10 Net Hours Materials Salaries Wages Machining Other Total Cost 1,600 $18,000 $18,000 Order processing Production planning Purchasing 100 36,000 Stamping 36,000 27,000 145,500 42,000 50,000 800 2,000 $267,000 2,400 100,000 500 75,000 600 $36,000 $18,000 42,000 12,000 27,000 466,500 196,000 Welding Cladding 125,000 Inspection 10,500 10,500 Packaging and shipping 600 9,000 9,000 Invoicing 1,400 12,000 12,000 Totals 10,000 $442,000 $350,000 $78,000 $30,000 $900,000 Required: Required: 1. Assume that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost. per unit Complete the statement below on the accuracy of the value computed. The cost is accurate as the value stream is dedicated to one product and its costs all belong to that product. 2. Assume that Model A is responsible for 40% of the materials cost. Calculate the unit cost for Models A and B. Explain the rationale for using units shipped instead of units produced in the calculation. Round your answers to two decimal places. Model A Model B $ $ Complete the statement below on the accuracy of the Model A and Model B values computed. When products are heterogeneous or reflect a great deal of variety through custom designing, then using average conversion cost a good measure for tracking changes in value-stream efficiency. Complete the statement below that explains the rationale for using units shipped instead of units produced in the calculation. Using units shipped for the unit calculation motivates managers to 3. Calculate the unit cost for the two models, using DBC. Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2. Round your answers to two decimal places. Model A Model B $ $ Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2. DBC approximates ABC cost assignments and the consumption of resources by the two products