Given the information in the time study of a machining operation below, and that the employee...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given the information in the time study of a machining operation below, and that the employee is paid $25/hr. determine the cost per unit of labor for this item. Additionally, there is a 5% scrap rate. Use standard tax rate assumptions and the worker gets no benefits. Element Set up Machine run Unload Inspection 1 10.3 2.2 1.3 1.3 Observed Time (OT) (min) 3 4 2 11.2 8.2 9.6 2.3 2.2 2.1 1.0 1.1 0.9 1.5 2.1 1.3 5 10.2 2.0 1.0 1.7 Average OT (min) Rating (R) 120 80 110 90 Total Normal Time (min) Allowance (%) Standard Time (min) Normal time (NT) (Min) 25% Given the information in the time study of a machining operation below, and that the employee is paid $25/hr. determine the cost per unit of labor for this item. Additionally, there is a 5% scrap rate. Use standard tax rate assumptions and the worker gets no benefits. Element Set up Machine run Unload Inspection 1 10.3 2.2 1.3 1.3 Observed Time (OT) (min) 3 4 2 11.2 8.2 9.6 2.3 2.2 2.1 1.0 1.1 0.9 1.5 2.1 1.3 5 10.2 2.0 1.0 1.7 Average OT (min) Rating (R) 120 80 110 90 Total Normal Time (min) Allowance (%) Standard Time (min) Normal time (NT) (Min) 25%
Expert Answer:
Answer rating: 100% (QA)
To determine the cost per unit of labor for this machining operation we need to calculate the total ... View the full answer
Related Book For
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
Posted Date:
Students also viewed these finance questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...
-
The data below are the calories and grams of sugar in some popular store bought cookies. Calories 143 Grams of Sugar 12 97 9 200 11 149 19 84 4 57 9 198 21
-
Cable ABCDE supports three loads as shown. Determine (a) The distance dC for which portion CD of the cable is horizontal, (b) The corresponding reactions at the supports. m 1 m m- 1.2 m ds de dp LS...
-
Sophie Sophie has a hairdressing business and has produced the trial balance in Table 2.6. REQUIRED: Categorize each of the items in Sophie's trial balance into one oft he following types: * income *...
-
The text groups economic events into how many basic business processes? (a) one (b) four (c) six (d) nine
-
Parts for Wheels, Inc. has historically sold auto parts directly to consumers through its retail stores. Due to competitive pressure, Parts for Wheels installed an Internet-based sales system that...
-
Of the reports which MPAC provides to municipalities at the time of the annual assessment roll is returned, describe two, in which in your opinionare most important and how a municipality may use them
-
The T. Boom Pickens Corporation has a $1 million capital structure and always maintains this book value amount. Pickens currently earns $250,000 per year before taxes of 50 percent, has an all-equity...
-
A portfolio holds four long shares of Stock Alpha, valued at CAD 80 per share. The portfolio also sells short two shares of stock Beta, valued at CAD 55 per share. One month later, stock Alpha is...
-
In your opinion, what is professional use of social media? What are some ways to communicate professionally through social media? Research an organization's use of social media for promoting a...
-
Robert was working away at his first attempt at variance analysis for his manufacturing company. He filled in variable-and fixed-MOH costs where he saw fit, before actually calculating the related...
-
Why are the variables of diversity and equity important to consider when developing a comprehensive discipline management plan that aligns to the school's vision and enhances the school's culture?...
-
BL MetPrec ltd. needs to purchase 100,000 tonnes of steel . The purchase is set to occur in 3 months' time . The risk free rate of interest is 1% p.a . continuously compounded. The continuously...
-
Critique the subject area of "Technopoly" and its most critical points in Neil Postman's book, Technolopy: The surrender of culture to technology. Please place quotation mark around what is...
-
Alexa owns a condominium near Cocoa Beach in Florida. In 2023, she incurs the following expenses in connection with her condo: Insurance Mortgage interest $ 2,500 Property taxes Repairs & maintenance...
-
The trade-off theory relies on the threat of financial distress. But why should a public corporation ever have to land in financial distress? According to the theory, the firm should operate at the...
-
For the Billys Bank situation in Problems, the salary and benefits for a teller would be $12 per hour. The bank is open 8 hours each day. It has been estimated that the waiting time cost per hour is...
-
In 2012, the total payroll for the New York Yankees was almost $ 200 million, while the total payroll for the Oakland Athletics (a team known for using base-ball analytics or sabermetrics) was about...
-
In using the decomposition method, the forecast based on trend is found using the trend line. How is the seasonal index used to adjust this forecast based on trend?
-
In the market for insurance, the moral hazard problem leads a. those most likely to collect on insurance to buy it. b. those who buy insurance to take fewer precautions to avoid the insured risk. c....
-
If, after you buy a car with air bags, you start to drive recklessly, it would be an illustration of a. the moral hazard problem. b. the free-rider problem. c. the adverse selection problem. d. the...
-
Sometimes the market system fails to produce efficient outcomes because of side effects economists call _________.
Study smarter with the SolutionInn App