Answered step by step
Verified Expert Solution
Question
1 Approved Answer
undefined Cycle Time and Velocity Norton Company has the following data for one of its production departments: Theoretical velocity: 740 units per hour Productive minutes
undefined
Cycle Time and Velocity Norton Company has the following data for one of its production departments: Theoretical velocity: 740 units per hour Productive minutes available per year: 21,000,000 Annual conversion costs: $147,000,000 Actual velocity: 370 units per hour Required: 1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute. Round your actual cycle time answer to three decimal places and your cost per unit answer to the nearest cent. Actual cycle time 0.2 X minutes per unit Standard cost per minute $ 7 per minute Conversion cost per unit 1.4 X per unit 3. What if the actual velocity is 518 units per hour? What is the conversion cost per unit? If required, round your intermediate calculations and final answers to two decimal places. Actual cycle time 0.11 X minutes per unit Conversion cost per unit 0.66 per unitStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started