Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 110% 95% 80% 85% 1 0.4 0.6 0.5 1.6 Observation (minutes per cycle) 2 3 4 0.3 0.8 0.5 1.8 0.5 0.8 0.8 1.9 0.5 0.5 0.4 1.7 The allowances for tasks such as this are personal, 8%; fatigue, 10 % ; and delay, 3%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). 5 0.5 0.6 0.5 1.4
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- Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time Process time Inspection time Move time Queue time The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 4.5 hours 10.7 hours 23.5 hours Hours 12.8 1.9 0.3 4.5 6.2 25.7 hoursA mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour. Activity A Property survey B. Credit report C. Title search D. Final decision Time (minutes) 24 37 27 37 Activities B and C are combined together and assigned to two employees, while the other two employees are responsible for activities A and D respectively. What is the mortgage office's direct labor utilization (DLU) under this setting? Numbers only (eg.. 0.445 is acceptable, but NOT 44.5%), keep three decimals if not exact, either round up or down is okA mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour. Activity Time (minutes) A. Property survey 23 B. Credit report 21 C. Title search 42 D. Final decision 20 Activities B and Care combined together and assigned to two emplayees, while the other two employees are responsible for activities A and D respectively. What is the mortgage office's direct labor utilization (DLU) under this setting? Numbers only (e.g. 0.445 is acce either round up or down is ok ble, but NOT 44.5%), keep three decimals if nOt exact.
- p.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe D and P Indeed 6 Monster Jobs w Degree Programs O L02 A Hearn: Student Da.. 6 Consumer Center ework: Assignment 1 i Saved Perez Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Sales Percentage of Sales Year 4 Year 3 Sales 1,077,500 00S'000'L Cost of goods sold 550,275 000 Z09 Gross margin on sales 450,225 475,500 Operating expenses 130,500 149,800 319.725 325,700 Income before taxes 79.700 81,800 Income taxes 240.025 243.900 % Net incomeNational SavingsBank (NSB) is examining the profitability of its PremierAccount, a combined savings and checking account.NSB recently conducted an activity-based costing study of its services. It assessed the following costs for six individual services. The use of these services in2017 by three customers is as follows:Assume Lindenand Gonzalez always maintain a balance above $1,000, whereas Whitner always has a balance below $1,000. Depositors receive a 2% annual interest rate on their average deposit. NSB earns an interest rate spread of 3% (the difference between the rate at which it lends money and the rate it pays depositors) by lending money for home-loan purposes at 5%. Thus, NSB would gain $60 on the interest spread if a depositor had an average Premier Account balance of $2,000 in 2017 ($2,000 x 3% = $60). The Premier Account allows depositors unlimited use of services such as deposits, withdrawals, checking accounts, and foreign currency drafts.…Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 19.6 Process time Inspection time Move time 2.4 1.4 3.3 Queue time 10.4 The throughput time was: Multiple Cholce 371 hours 71 hours 30.0 hours 17.5 hours < Prev 7 of 7 Next 65°F Cloudy e here to search, DELL
- Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve for one of its important tasks, proofreading financial statements. For one of its interns, Kim Down, the firm has started to analyze the relation between time and financial statement proofreading. Financial StatementsProofread (X) Time Required to Proofreadthe Xth Financial Statement 1 2.0 hours 2 1.8 hours 4 ? 8 ? 16 ? Required: a. Compute the time required to proofread 4, 8, and 16 financial statements.When a company has post-acquisition expenditures related to Property, Plant, and Equipment it must determine whether the amount should be expensed as an ordinary repair or capitalized as a major repair, addition, or betterment. This requires considering the nature of the expenditure and the use of judgment. Many companies use a threshold amount. Any expenditure below the threshold is expensed. Items over the threshold are examined and a decision is made about whether to expense or capitalize the item. This approach is justified by both materiality and considering costs and benefits. For example, a company with $94 million in net property, plant, and equipment and $250 million of operating expenses would not consider a $100 repair as material. Plus, if the company had to spend thousands of dollars examining every repair expenditure, the costs of doing the analysis could easily outweigh the benefits. SouthEast Equipment has a large number of machines and equipment that are available for…TB MC Qu. 6-47 (Algo) QuikCard processes credit card receipts for local banks... QuikCard processes credit card receipts for local banks. QuikCard processed 1,500,000 receipts in October. All receipts are processed the same day they are received. October costs were labor of $21,000 and overhead of $39,000. What is the cost to process 1,200 receipts? Multiple Choice A) $33.60. B) $48.00. C) $16.80. D) $50.00.
- Assume you are the project manager for the Tidal 2 software project. You have been asked to calculate the expected cost for the project. Your company's database indicates that developers can handle eight function points each person-month and that the cost per developer at your firm is $8,400 per month. You and your team of five developers have come up with the following requirements: (Round your "Estimated duration" answer to 2 decimal places.) Elements Inputs Outputs Inquiries Files Interfaces Count 27 21 21 45 35 Complexity Low Low High Medium High Calculate the total number of function points and the estimated cost and duration of the Tidal project? (Use “complexity weighting"). Estimated total number of function points Estimated cost Estimated duration monthsThayne Company has 30 clerks that work in its Accounts Payable Department. A study revealed the following activities and the relative time demanded by each activity: Required: Classify the four activities as value-added or non-value-added, and calculate the clerical cost of each activity. For non-value-added activities, indicate why they are non-value-added.Countryside Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing ($2.55 per teller transaction), check processing (50.10 per canceled check), and ATM transaction processing (50.20 per ATM transaction). Rosa Bush had 5 teller transactions, 10 canceled checks, and 7 ATM transactions during the month. What is the total monthly activity-based cost for Rosa Bush during the month? a $32.90 O b. $15.15 $9.75 4 $24.75