(Solved) : Peninsula Manufacturing Has Just Completed A Major Change In Its . . .

Peninsula Manufacturing has just completed a major change in its quality control (QC) process. Previously, products were reviewed by QC inspectors at the end of each major process, and the company’s 10 QC inspectors were charged as direct labour to the operation or job. In an effort to improve efficiency and quality, a computerised video QC system was purchased for $500 000. The system consists of a computer, 15 video cameras, other peripheral hardware, and software. The new system uses cameras stationed by QC engineers at key points in the production process. Each time an operation changes or there is a new operation, the cameras are moved, and a new master picture is loaded into the computer by a QC engineer. The camera takes pictures of the units in process, and the computer compares them with a picture of a ‘good’ unit. Any differences are sent to a QC engineer who removes the bad units and discusses the flaws with the production supervisors. The new system has replaced the 10 QC inspectors with two QC engineers.
The operating costs of the new QC system, including the salaries of the QC engineers, have been included as factory overhead in calculating the company’s plant-wide manufacturing overhead rate, which is based on direct labour dollars. The company’s managing director is confused. His production manager has told him how efficient the new system is, yet there is a large increase in the overhead rate. The calculation of the overhead rate before and after automation is as follows:
_____________________________________________ Before _________________ After
Budgeted manufacturing overhead …………………… $3 800 000 ……………. $4 200 000
Budgeted direct labor cost …………………………….. $2 000 000 …………… $1 400 000
Budgeted overhead rate (as % of direct labor cost) ……… 190% ……………………. 300%
‘Three hundred per cent’, lamented the managing director. ‘How can we complete with such a high overhead rate?
Required:
1. Define ‘manufacturing overhead’ and cite three examples of typical costs that would be included in manufacturing overhead.
2. Explain why the increase in the overhead rate should not have a negative financial impact on Peninsula Manufacturing.
3. Discuss how an activity-based costing system might benefit Peninsula Manufacturing?

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(Solved) : Outline The Electron Configurations . . .

Outline the electron configurations of many-electron atoms in terms of their location in the periodic table.

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(Solved) : Person Whose Eyes Are 1 . . .

A .68 m above the floor stands 2.20 m is front of a vertical plane mirror whose bottom edge is 43 cm above the floor, Fig. 23-48. What is supporting the mirror of the nearest point on the floor that can be seen reflected in the mirror?

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(Solved) : Non Conducting Wall Carries Uniform . . .

A non-conducting wall carries a uniform charge density of 8.60 %C/cm2. What is the electric field 7.00 cm in front of the wall? Does your result change as the distance from the wall is varied?

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(Solved) : One Problem Area With Ddbmss Is That Of Distributed Database . . .

One problem area with DDBMSs is that of distributed database design. Discuss the issues that have to be addressed with distributed database design. Discuss how these issues apply to the global system catalog.

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(Solved) : List Two Reasons Why We May Choose To Define A . . .

List two reasons why we may choose to define a view.

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(Solved) : On The Pv Diagram For Ideal Gas . . .

On the PV diagram for an ideal gas, one isothermal curve and one adiabatic curve pass through each point. Prove that the slope of the adiabat is steeper than the slope of the isotherm by the factor y.

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(Solved) : Motivating Desired Performance Dmt Biotech Is A Biotechnology Research And . . .

Motivating desired performance DMT Biotech is a biotechnology research and development company that designs products for the needs of life science researchers. The company consists of an administrative unit, a research laboratory, and a facility used to develop prototypes of and produce new products. The major costs in this company are the salaries of the research staff, which are substantial. In the past, the research scientists working at DMT Biotech have been rewarded on the basis of their proven scientific expertise. Salaries of these research scientists are based on the level of education achieved and the number of research papers published in scientific journals. At a recent board of directors meeting, an outside director criticized the research and development activities with the following comments: There is no question that we have the most highly trained scientists in our industry. Evidence of their training and creativity is provided by the number of research publications they generate. However, the knowledge and creativity are not translating into patentable inventions and increased sales for this company. Our organization has the lowest rate of new product introduction in our industry, and we have one of the largest research and development teams. These people are too far into basic research, where the rewards lie in getting articles published. We need these people to have more interest in generating ideas that have commercial potential. This is a profit-seeking organization, not a university research laboratory.
Required
(a) Assuming that the director’s facts are correct, do you agree that this is a problem?
(b) The board of directors has ordered the president of DMT Biotech to increase the rate of new product introduction and the time devoted to new product development. How should the president go about this task?

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(Solved) : List Some Financial Intermediaries . . .

List some financial intermediaries.

MINI CASE 

Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle Dellatorre, a professional tennis player who has just come to the United States from Chile. Dellatorre is a highly ranked tennis player who would like to start a company to produce and market apparel that she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. Dellatorre is also very bright, and, therefore, she would like to understand, in general terms, what will happen to her money. Your boss has developed the following set of questions which you must ask and answer to explain the U.S. financial system to Dellatorre

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(Solved) : Magnetic Field Of 0 . . .

A .200 T exists within a solenoid of 500 turns and a diameter of 10.0 cm. How rapidly (that is, within what period of time) must the field be reduced to zero, if the average induced emf within the coil during this time interval is to be 10.0 kV?

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