Question: Using the Cost Reports Processing Time chart, answer the following question: 1. If Sara takes the twelve reports in the chart as representing the sequence

Using the Cost Reports Processing Time chart, answer the following question:

1. If Sara takes the twelve reports in the chart as representing the sequence in which the report was received, how long will it take to get all twelve reports in the system?

2. Is there a better sequence in which to process the reports? Develop a better schedule and calculate how much time is saved.

3. Show any time periods when Sara or the data entry people are idle.

Cost Reports Process Time (minutes)
Report	Review Time	Data Entry Time
Specialty Restaurant I	12	10
Specialty Restaurant II	14	16
Wine I	17	18
Wine II	20	22
Wine III	12	15
Bar Service I	10	15
Bar Service II	25	32
Bar Service III	22	28
Bar Service IV	16	20
Shore Excursions	30	35
Gift Shops	24	30
Salon/Spa	18	25

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 If Sara takes the twelve reports in the chart as representing the sequence in which the report was ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

How long will it take to produce 1.00 103 kg of magnesium metal by the electrolysis of molten magnesium chloride using a current of 5.00 104 A?

How long will it take to save $15 000 by making deposits of $90 at the end of every month into an account earning interest at 4% compounded quarterly?

How long will it take to build up a fund of $10 000 by saving $300 at the beginning of every 6 months at 4.5% compounded semi-annually?

Samples of size 50 are taken every hour from a process producing a certain type of item that is either considered defective or not defective. Twenty samples are taken.(a) Construct a control chart...

Details regarding the inventory of appliances at January 1, 2012, purchases invoices during the year, and the inventory count at December 31, 2012, of Icelander Appliances are summarized as follows:...

Recently, Phil Harris, the production control manager at Brunswick, read an article on time- phased requirements planning. He was curious about how this technique might work in scheduling Brunswicks...

Relevant and irrelevant costs. Answer the following questions. 1. Dalton computers makes 5,000 units of a circuit board, CB76 at a cost of $230 each. Variable cost pa? unit is $180 and fixed cost per...

Joint Cost Allocation, processing further and ethics. Unified Chemical Company has a joint production process that converts Zeta into two chemicals: Alpha and Beta. The company purchases Zeta for $12...

The transactions completed by Courtesy Courier Delivery Company during July 2010, the first month of the fiscal year, were as follows: July 1. Issued Check No. 610 for July rent, $6,200. 2. Issued...

Raquel is concerned with efficiency. She believes it is probably more efficient to use SPT (shortest processing time) as her priority rule. (a) Develop a sequence using SPT based on processing time...

March1Beginning inventory 1,900 liters at a cost of 58 per liter.March3Purchased 2,550 liters at a cost of 63 per liter.March5Sold 2,300 liters for $1.00 per liter.March10Purchased 4,200 liters at a...

The table below shows the number of visitors to a museum over a period of 5 days. Monday Tuesday Wednesday Thursday Children 120 110 90 135 Adults 130 140 125 105 Which stack plot best represents the...

Justify whether or not you believe that Penalty Enhancements should attach to crimes based on hate or bias?

The company CEO of a heavily indebted company considers taking on a risky negative NPV project. In practice, the debtholders can best prevent this through 1 point a haircut. monitoring. increasing...

3. How do Gus's demands fit into the category of expecting Karen to exhibit strong organizational citizenship behavior?

On December 31, 2010, Gold Company purchases 80% of the common stock of Silver Corp. for its underlying book value of $480,000. On that date, the fair value of non-controlling interest was equal to...

in what form are carbonhydrates stored

Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...

Ulysses and Penelope are married and file separate returns for 2012. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250,...

Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebecca's Social...

Ray and Maria Gomez have been married 3 years. They live at 1610 Quince Ave., McAllen, TX 78701. Ray works for Palm Oil Corporation and Maria works for the City of McAllen. Maria's Social Security...

A topic of major concern to demographers and economists is the effect of a high fertility rate on per capita income. The first two accompanying tables display values of per capita income (PCI) and...

Market research was conducted for a national retail company to compare the relationship between sales and advertising during the warm spring and summer seasons as compared with the cool fall and...

In Problem 19 in Chapter 5 and Problem 14 in Chapter 8, data from the 1990 Census for 26 randomly selected Metropolitan Statistical Areas (MSAs) were discussed. Of interest were factors potentially...