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Power Audio Inc. manufactures audlo speakers. Each speaker requires $119 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period: Speaker assembly cell, estimated costs: The operating plan calls for 140 operating hours for the period. Each speaker requires 15 minutes of cell process time. The unit selling price for each speaker is $322. During the period, the following transactions occurred: 1. Purchased materiais to produce 485 speaker units. 2. Applled conversion costs to production of 460 speaker units. 3. Completed and transferred 440 speaker units to finished goods. 4. Sold 420 speaiker units. There were no inventorles at the beginning of the period. a. Journalize the summary transactions (1)-(4) for the period. Round the per unit cost to the nearest cent and use in subsequent computations. If an amount box does not require an entry, leave it blank. b. Determine the ending balance of raw and in process inventory and finished goods inventory. Raw and in Process Inventory, ending balance \$ Finished Goods Inventory, ending balance \& Seven Seas Inc. provides cable TV and Internek service to the local community. The activities and activity costs of Seven Seas are identifed. a. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. b. Prepare a cost of quality report. Assume that sales are $4,200,000. If required, round percentages to one decimal place. c. Prepare a value-addedon-value-added analysis. If required, round percentages to one decimal place. Brite Beverage Company bottles soft drinks into aluminum cans. The manufacturing process consists of three activities: 1. Mixing: water, sugar, and beverage concentrate are mixed. 2. Flling: mixed beverage is filled into 120z. cans. 3. Packaging: properly filled cans are boxed into cardboard "fridge packs." The activity costs associated with these activities for the period are as follows: The activity costs do not include materials costs, which are ignored for this analysis. Each can is expected to contain 12 ounces of beverage. Thus, after being filled, ed can is autornatically weighed. If a can is too light, it is rejected, or "kicked," from the filling line prior to being packaged. The primary cause of kicks is heat expansion. with heat expansion, the beverage overflows during filling, resulting in underweight cans. This process begins by mixing and filling 11,960,000 cans during the period, of which only 11,500,000 cans are actually packaged. 460,000 cans are rejected due to underweight kicks: A process improvement team has determined that cooling the cans prior to filling them will reduce the amount of overflows due to expansion. After this improvement, t number of kicks is expected to decline from 460,000 cans to 115,000 cans, thus increasing the number of filled cans to 11,845,000[11,500,000+(460,000115,000 a. Determine the total activity cost per packaged can under present operations. Round to the nearest cent. 4. per can b. Determine the amount of increased packaging activity costs from the expected improvements. c. Determine the expected total activity cost per packaged can after improvements. Round to three decimal places. per can Ceiling Stars, Inc., manufactures light bulbs. Its purchasing policy requires that the purchasing agents place each quarter's purchasing requirements out for bid. This is because the Purchasing Department is evaluated solely by its ability to get the lowest purchase prices. The lowest bidder recelves the order for the next quarter ( 90 working days). To make its bulb products, Ceiling Stars requires 45,000 pounds of glass per quarter. Bright Night recelved two glass bids for the third quarter, as follows: - Provo Glass Company: $29.00 per pound of glass. Delivery schedule: 45,000 ( 500 lbs, 90 days) pounds at the beginning of July to last for 3 months. - Orem Glass Company: $29.15 per pound of glass, Delivery schedule: $00 pounds per working day ( 90 days in the quarter). Celling Stars accepted Provo Glass Company's bid because it was the low-cost bid. 1. A manufacturing company gets quotes from each supplier and allocates the purchase order to the company which quotes the lowest price with the expected qualify. Is this process effective in long run? Identify reason that supports the answer. a. Yes b. No Reason: a. The policy is effective as it lowers the cost of purchase. b. The policy considers the quoted price and the quality of the product is ignored. c. The policy of the company is not practically viable as it is not bullding long-term relationships with its suppliers. The reputation of the company may be affected. d. Supplier relationships are not required as the products are purchased for the quarter alone. 2. A manufacturing compsry gets quotes from each supplier and allocates the purchase order to the company which quotes the lawest price with the expected quaily. Are there any additional costs that are involved in bulk purchase for the quarter? Identify reason that supports the answer. a. Yes b. No Reason: a. The cost of storage, obsolescence, materiat management and wastages are ignored in this concept. 2. A manufacturing company gets quotes from each supplier and allocates the purchase order to the company which quotes the lowest price with the expected quality. Are there any additional costs that are involved in bulk purchase for the quarter? Idenufy reason that supports the answer. a. Yes b. No Reason: a. The cost of storage, obsolescence, material management and wastages are lignored in this concept. b. The cost of storage, obsolescence, material management and wastages are included in the purchase cost computation. c. The cost related to quality can be compensated as the price of the material is low. d. The responsibility of the manager is to get the lowest bid for the product and all other information is irrelevant. 3. Considering only inventory finanding costs, what is the add tional cost per pound of Provo Glass Company's bid if the annual cost of maney is 8\%? (Pint: Dentermine the average value of glass inventory held for the quarter and multiply by the quarterfy interest charge, then divide by the number of pounds.) Reund to the nearest cent. per ib. iSounds Inc. manufactures electronic stereo equipment. The manufocturing process includes printed dreuit (PC) board assembly, final assembly, testing, and shipping. In the PC board assembly operation, a number of individuals are responsible for assembiling electronic components into printed circult bosrds. Each operator is responsible for soldering components according to a given set of instructions. Operators work on batches of 50 printed dreuit boards. Each board requires 4 minutes of board assembly time. After each batch is completed, the operator moves the assembled boards to the final assembly area. This move takes 11 minutes to complete. The final assembly for each stereo unit requires 20 minutes and is also done in batches of 50 units. A batch of 50 stereos is moved into the test buliding, which is across the street. The move takes 20 minutes. Before conducting the test, the test equipment must be set up for the particular sterreo model. The test setup requires 30 minutes The units wait while the setup is performed. In the final test, the so-unit batch is tested one at a time. Each test requires 12 minutes. The completed batch, after all testing, is sent to shipping for packaging and final shipment to customers. A complete batch of 50 units is sent from testing to shipping. The Shipping Department is located next to testing. Thus, there is no move time between these two operations. Packaging and labeling requires 6 minutes per unit. Required: Northern Highlands Hospital is evaluating its admissions process by measuring the time elapsed between patient check-in and arrival in the dinical area. The present process involves a patient checking in at a centralized orea and providing information to an admissions specialist. After being admitted, the patient is escorted from the admissions area to the appropriate cinical area in the hospital. Average lead time information is as follows: Ine nospitar stafts one person at check-in and one person at the admissions desk. There is one dedicated escort. a. Determine the non-value-added lead time in this process. min. b. Determine the value-added ratio of this process. %