Total cost

currently in the oven so no waiting time. Additionaly, since it’s a rush order there will be no waiting time between steps. The total time is of 26 minutes: Activity Cycle time Capacity Wash/Mix/Turn On+Spoon on tray 8 minutes 7.5 dozen/hour Put into oven/ Bake 10 minutes 6 dozen/hour Take out/ Cool 5 minutes 12 dozen/hour Pack Cookies+Payment 3 minutes 20 dozen/hour Total 26 Minutes 6 dozen/hour (bottleneck) 2. I am assuming that 3 orders of 1 dozen were placed in advance so the cookie dough…

created for one week’s worth of meals consisted of two adults and two children age nine to eleven. As I created the shopping list which consisted of breakfast, lunch, snack, and dinner, according to the USDA, the cost of food was to be budgeted at $150.50 for thrifty plan and $197.90 for low cost plan. The prices for the items on my shopping list were from Stop and Shop. Though creating a healthy meal for the family is difficult, it involves planning and spending wise decisions in order to…

for this grant we would need a total of $66 to pay Berman for his time helping the OT and PT students learn. The cost for the consultant is listed in Table 3 below. Equipment. Due to the wide range in prosthetic technology, we decided to go with the average cost when finding the price of both the lower extremity and upper extremity prosthetics. According to Dr. Rhonda Turner, the cost for lower extremity prosthetics can range from $5,000.00 to $50,000 and the cost for upper extremity…

of the equipment promises reducing the direct manufacturing costs and electricity costs. The new equipment costs $90,000 and will have 2-years useful life. This is an important problem…

PROJECT-LIFE CYCLE COSTING LIFE CYCLE COSTING  Life cycle costing is defined as the total cost throughout its life including planning, design, acquisition & support costs & any other costs directly attributable to owing / using the asset.  Category of LCC capital assets: • Initial costs • Operating costs • Disposal costs SIMPLE FORMULA FOR LCC LCC= Capital + Lifetime operating cost + Lifetime maintenance cost + Disposal cost –Residual value NUMERICAL EXAMPLE 1. A company is planning a…

for a firm survival in that line of business. This level of profit enables the firm to incur all its running cost of business. However Accountant calculation is rather different because calculation of profit is based on numerical of past monetary costs and revenues and makes no reference to the concept of opportunity cost. Normal profit arise where Average revenue = Average total cost. Normal profit occurs in all types of market in the short run but in it is only in the long under the…

The total estimated costs of the music festival are $6,427,783. Since some costs are fixed and other costs vary due to different pay structures, my calculations are based on the high fixed costs. So, the total costs may be higher or lower than estimated. The total cost of the bands is $6,335,000. I estimated the venue cost based on the higher costs to allow for enough funding if needed. The total cost of the venue is $25,000. Other costs estimated to be 67,783. Venue cost. The GREENSBORO…

Assignment Choice #2: Case: Customer Profitability and Ethics (Quantitative) Customer profitability determines how each customer is contributing to the total profitability of a business (Mulhern, 1999). In our case study, KC Corporation manufactures an air-freshening device called GoodAir, which it sells to six merchandising firms. To understand customer profitability (quantitative approach) and ethical issues related to accounting, this paper provides answers to how accountants calculate…

1. Why does the TCO approach allow Troon management to refresh its hardware at the optimal cost level? Answer : TCO approach allows management to understand the total cost associated with implementing an IT system. When a manager evaluate the total cost of ownership by considering initial capital investment, maintenance cost and other operation cost they will be able to clearly visualize and compare best investment numbers with financial return numbers. Managers are not willing to replace the…

two intersections, a rural and an urban intersection. This case can be argued from an act utilitarian perspective using cost-benefit analysis that the course of action that produces the greatest benefit relative to cost is the one that should be chosen (Harris et al., 2009). The cost-benefit analysis includes three steps: (i) assessing the available options, (ii) assessing the costs and the benefits and (iii) making a decision that is likely to result in the greatest…