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Q3 is needed 1) A customer order of 50 pieces one carat LGDs is to be processed through plant 1. Seed materials are supplied by
Q3 is needed
1) A customer order of 50 pieces one carat LGDs is to be processed through plant 1. Seed materials are supplied by the customer. The total time for processing the LGDs (including setup and other direct labor) is 500 hr. Direct labor cost is $25.00/hr. The factory overhead is 250% and the corporate overhead rate is 600%. Computer the cost of the job assumes the company's markup (profit) is 60%. 2) the following data are given: direct labor rate = $25.00/hr; applicable factory overhead rate on labor = 60%; capital investment in LGD machine = $500,000; service life of the machine = 10 yr; interest rate =20%; salvage value in 10 yr = 0; and applicable factory overhead rate on machine = 50%. The LGD machine will be operated three 8-hr shift, 350 day/yr. Determine the appropriate hourly rate for the work center 3) The cost of a raw seed is $200/pc. The seeds are processed through 20 processing steps in the plant to become finished stones, and the manufacturing lead time is 6 wk. The production time per processing step is 2 hr, and the machine and labor rate is $25.00/hr. Inspection, material handling, and other related costs average to $20 per processing step by the time the LGD stone is finished. The interest rate used by the company i = 20%, and the storage rate s = 13%. Determine the cost per stone and the holding costStep by Step Solution
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