Sharon Glessing, controller for Janson Company, has noticed that the company faces a 70 percent learning...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sharon Glessing, controller for Janson Company, has noticed that the company faces a 70 percent learning rate for its specialty design line. In planning the cost of the latest design, Sharon assumed that the first set of units would take 1,200 direct labor hours. She decided to use this information in budgeting for the cost of the total project, which would involve the manufacture of 16 sets. Direct labor is paid $40 per hour. Required: 1. Complete the table below showing results by row for total production of: one unit, two units, four units, eight units, and sixteen units. (Round hour answers to two significant digits.) (Round Cumulative Total Time answers to the nearest whole number.) Cumulative Number of Units 1 2 4 Cumulative Average Time per Unit in Hours Cumulative Total Time: Labor Hours 8 16 2. What is the total labor cost if Janson Company makes eight sets? Sixteen sets? (Use the rounded answers in the subsequent computations). Total labor cost for eight sets Total labor cost for sixteen sets 3. Using the logarithmic function, complete the table below showing results by row for each of unit sets one through eight. (Round hour answers to two significant digits.) (Round Cumulative Total Time and Time for Last Unit answers to the nearest whole number.) Cumulative Number Cumulative Average Time of Units per Unit in Hours Cumulative Total Time: Labor Hours Time for Last Unit 4 8 16 2. What is the total labor cost if Janson Company makes eight sets? Sixteen sets? (Use the rounded answers in the subsequent computations). s Total labor cost for eight sets Total labor cost for sixteen sets 3. Using the logarithmic function, complete the table below showing results by row for each of unit sets one through eight. (Round hour answers to two significant digits.) (Round Cumulative Total Time and Time for Last Unit answers to the nearest whole number.) Cumulative Number of Units 2 3 4 7 8 Cumulative Average Time per Unit in Hours What is the direct labor cost for the eighth set? Cumulative Total Time: Labor Hours Time for Last Unit Sharon Glessing, controller for Janson Company, has noticed that the company faces a 70 percent learning rate for its specialty design line. In planning the cost of the latest design, Sharon assumed that the first set of units would take 1,200 direct labor hours. She decided to use this information in budgeting for the cost of the total project, which would involve the manufacture of 16 sets. Direct labor is paid $40 per hour. Required: 1. Complete the table below showing results by row for total production of: one unit, two units, four units, eight units, and sixteen units. (Round hour answers to two significant digits.) (Round Cumulative Total Time answers to the nearest whole number.) Cumulative Number of Units 1 2 4 Cumulative Average Time per Unit in Hours Cumulative Total Time: Labor Hours 8 16 2. What is the total labor cost if Janson Company makes eight sets? Sixteen sets? (Use the rounded answers in the subsequent computations). Total labor cost for eight sets Total labor cost for sixteen sets 3. Using the logarithmic function, complete the table below showing results by row for each of unit sets one through eight. (Round hour answers to two significant digits.) (Round Cumulative Total Time and Time for Last Unit answers to the nearest whole number.) Cumulative Number Cumulative Average Time of Units per Unit in Hours Cumulative Total Time: Labor Hours Time for Last Unit 4 8 16 2. What is the total labor cost if Janson Company makes eight sets? Sixteen sets? (Use the rounded answers in the subsequent computations). s Total labor cost for eight sets Total labor cost for sixteen sets 3. Using the logarithmic function, complete the table below showing results by row for each of unit sets one through eight. (Round hour answers to two significant digits.) (Round Cumulative Total Time and Time for Last Unit answers to the nearest whole number.) Cumulative Number of Units 2 3 4 7 8 Cumulative Average Time per Unit in Hours What is the direct labor cost for the eighth set? Cumulative Total Time: Labor Hours Time for Last Unit
Expert Answer:
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
Students also viewed these accounting questions
-
Sharon Glessing, controller for Janson Company, has noticed that the company faces a 75 percent learning rate for its specialty design line. In planning the cost of the latest design, Sharon assumed...
-
The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2017, are as follows. Debit Credit Cash Accounts Receivable Inventory Prepaid Insurance Equipment...
-
Assume the following facts for a construction contract that was completed over four years. The contract price is S5.5 million. Required: a. Using die percentage of completion method, compute the...
-
The number of automobile accidents per week in a small city were recorded for the first half of the year. The data collected are: {4, 2, 0, 2, 3, 2, 0, 10, 3, 1, 2, 3, 1, 6, 1, 1, 2, 2, 3, 0, 1, 4,...
-
A rotor, having three eccentric masses in different planes, is shown in Fig. 9.43. The axial, radial, and angular locations of mass \(m_{i}\) are given by \(l_{i}, r_{i}\), and \(\theta_{i}\),...
-
During the current year, the Harlow Corporation, which specializes in commercial construction, has the following property transactions: a. In April, a tornado damages a crane and a dump truck at one...
-
Part A Lee has been operating a small business, taking tourists on trips to the wineries south of Adelaide through to Victor Harbor. One of his friends, Gillies, who operates a farm producing...
-
James is a single filer and owns a restaurant in his hometown. In addition to AGI before gains and losses, James also has the following for the current year. James' AGI$ 120,000 Net Section 1231 loss...
-
1. What do human resource managers need to know about learning and development and how they take place? Draw up a list of questions that they could ask a learning specialist. 2. How might Iearning...
-
Research to determine how the value of Malaysian Ringgit has compared to the Canadian dollar over the last year. Provide a detailed discussion and relevant explanation with rationale to demonstrate...
-
Suppose you take a 3 / 1 interest - only, 3 0 - year ARM for $ 1 8 0 , 0 0 0 . 0 0 with an interest - only contract rate of 3 % and a following rate of 7 . 7 5 % in year four. Assume you pay 1 . 5...
-
Robbins Corp. frequently invests excess funds in the Mexican money market. One year ago, Robbins invested in a one - year Mexican money market security that provided a yield of 2 5 percent. At the...
-
Suppose you have an initial investment of $3000, an annual interest rate of 12% compounded monthly, payments of $150 at the beginning of each month with the first payment to be made today, and you...
-
Some critics argue that president Obama has exceeded his executive authority and is acting like a "dictator." assess the legitimacy of this argument.
-
If 2 5 9 - k 5 8 = 2 5 8 , what is the value of k?
-
The steel rod having a diameter of 1 in. is subjected to an internal moment of M = 300lbft. Determine the stress created at points A and B. Also, sketch a three-dimensional view of the stress...
-
The steel beam has the cross-sectional area shown. If w=5 kip/ft, determine the absolute maximum bending stress in the beam. W 8 8 ft- 8 ft W ft- -8 ft- .8 in. 0.30 in. 0.3 in.- 10 in. 0.30 in.
-
The steel beam has the cross sectional area shown. Determine the largest intensity of distributed load w that it can support so that the bending stress does not exceed max = 22 ksi. 8 ft- 8 ft W -8...
Study smarter with the SolutionInn App