Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Susie owns a small manufacturing company, Cold As Snow, that makes ice packs for use in coolers. She purchases the plastic for her packs in

image text in transcribed
Susie owns a small manufacturing company, Cold As Snow, that makes ice packs for use in coolers. She purchases the plastic for her packs in bulk orders for a price of $64.14. Each order of plastic makes 150 packs. She purchases the snow for her packs in bulk orders for a price of S111.20. Each order of snow makes 80 packs. In a time study, her three workers averaged 5, 8, and 10 minutes respectively to prepare each plastic; 3, 2, and 7 minutes respectively to prepare the snow for one pack; and 4, 5, and 3 minutes respectively to assemble the prepared pieces into a finished ice pack. The workers are paid $12.40 per hour What is the prime cost for each ice pack? Note: Find the average time it takes each worker to build one complete ice pack to determine how many packs are produced each hour. For this problem, assume no breaks are taken. 4.14 /R7 br1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Logistics Audit Methods Organization And Practice

Authors: Piotr Buła, Bartosz Niedzielski

1st Edition

1032461268, 978-1032461267

More Books

Students also viewed these Accounting questions

Question

What is meant by the term spillover sales? Why is it important?

Answered: 1 week ago

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago