The first unit of production took 10 hours with an 80% learning curve. How long will it take to complete both the first and second units?
A) 10 hours
B) 8 hours
C) 18 hours
D) 15.7 hours
E) There is not enough information to solve the problem.
C
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Which of the following describes how product lifecycles are changing?
a. Shortening b. Lengthening c. Neither shortening nor lengthening d. There is no definitive way to know how or if product lifecycles are changing
In a control chart, a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention
Indicate whether the statement is true or false
Crimin, Inc., manufactures and sells two products: Product V7 and Product Y2. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct V77005.03,500Product Y27004.02,800Total direct labor-hours 6,300The direct labor rate is $19.80 per DLH. The direct materials cost per unit for each product is given below: Direct MaterialsCost per UnitProduct V7$208.90Product Y2$297.60The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct V7Product
Y2TotalLabor-relatedDLHs$154,3503,5002,8006,300Machine setupssetups 114,5956007001,300Order sizeMHs 292,5443,1003,3006,400 $561,489 The unit product cost of Product V7 under the company's traditional costing method in which all overhead is allocated on the basis of direct labor-hours is closest to: (Round your intermediate calculations to 2 decimal places.) A. $536.45 per unit B. $748.65 per unit C. $430.40 per unit D. $753.55 per unit
Pacing in production processes refers to the fixed timing of the movement of items through the process.
Answer the following statement true (T) or false (F)