Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Chocolate Delights Company produces baking chocolate for use by commercial organizations. The company is analyzing its operations in preparation for reconfigure its factory setup.

Currently, each batch of chocolate requires the following processes:

Function Time (Minutes)
Receiving ingredients from vendors 90
Transporting ingredients to stockroom 100
Ingredient storage 6,400
Transporting ingredients to production area 75
Mixing ingredients 400
Cooking ingredients 180
Cooling chocolate 90
Packaging chocolate 160
Moving finished goods to warehouse 105
Storing finished goods in warehouse 20,500
Moving finished goods to trucks 150

a) find out the total cycle time necessary to manufacture a batch of chocolate.
b) Identify the value-added functions
c) find out the manufacturing cycle efficiency (MCE) of this process.
d) Assume that a management consultant has established a goal that Chocolate Delights
Company increase its MCE to 5 percent or greater. Identify three possible areas in which
the company could reduce its cycle time.

 


Additional Requirements

Level of Detail: Show all work
Other Requirements: Prepare the necessary journal entries from the following information for Russom Company, which uses a perpetual inventory system.

a. Purchased raw material on account, $61,200.
b. Requisitioned raw material for production as follows: direct material-75 percent of purchases; indirect material-20 percent of purchases.
c. Direct labor wages of $35,500 are accrued as are indirect labor wages of $14,100.
d. Overhead incurred and paid for is $68,100.
e. Overhead is applied to production based on 125 percent of direct labor cost.
f. Goods costing $99,500 were completed during the period.
g. Goods costing $53,400 were sold on account for $81,200.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M940273

Have any Question? 


Related Questions in Accounting Basics

Write a 300- to 500-word response in which you address the

Write a 300- to 500-word response in which you address the following questions from Case, Charitable Contributions and Debt: A Comparison of St. Jude Children's Research Hospital/ALSAC and Universal Health Services: What ...

Assignmentpart 1the president of eec recently called a

Assignment Part 1 The President of EEC recently called a meeting to announce that one of the firm's largest suppliers of component parts has approached EEC about a possible purchase of the supplier. The President has req ...

1 prepare an answer to management application ma 13-31

1. Prepare an answer to Management Application MA 13-31, which can be found on page 13-24 of your text (the question concerns ExxonMobil). 2. Oregon Manufacturing had the following data for the past three months.   Janua ...

Accounting assignmentflorida sunshine real estate

Accounting Assignment Florida Sunshine Real Estate Properties, Inc. is a real estate firm located in southwest Florida. The company, which advertises itself as "expert in the real estate market", monitors condominium sal ...

In your own words explain the recording process and the

In your own words, explain the recording process and the accounting equation to someone who has no accounting experience. Then, give your opinion on the elements or areas that might cause the most confusion or be the mos ...

Standard prices for medicineread the article magic pill

Standard Prices for Medicine Read the article, "Magic Pill, Magical Accounting." Based on the content presented in the article, describe some of the issues with not having an industry-wide standard price for a medicine. ...

Accounting assignmentaccounting is the study of how

Accounting Assignment Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities in addition to preparing financial statements and recording busi ...

1it has been suggested that it is not possible to determine

1. It has been suggested that it is not possible to determine the point at which financial accounting and managerial accounting diverge. What does that mean? Your response should be at least 200 words in length. For prob ...

Assignmentresearch the foreign corrupt practices actaddress

Assignment: Research "THE FOREIGN CORRUPT PRACTICES ACT" Address, at a minimum, the following: The rationale for the Act (i.e. why was it implemented) What the Act prohibits How the Act impacts businesses nationally, and ...

Auditing and professional practice assignmentcase study 1

Auditing and Professional Practice Assignment Case Study 1: Consider each of the following independent situations: (a) City Ltd, a property developer, has several major projects in progress in Brisbane's central business ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro