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Performance Metrics
MGT 322 – Week 5 – DQ 2 – Performance Metrics ***Principles Of Logistics Management***Scored 100%
My tutorial includes two answers to this DQ and you can use any one of the two.
Performance Metrics
Using the balanced scorecard approach as detailed in Chapter 14 (Figure 14.1), identify 4 key metrics that you would propose for your organizationÂ’s supply management system and how you propose to measure those 4 key metrics in your supply chain. Be sure to respond to at least two of your classmatesÂ’ postings.
MC Qu. 48
The predetermined overhead rate for manufacturing overhead for 2008 is $4.00 per direct labor hour. Employees are expected to earn $5.00 per hour and the company is planning on paying its employees $100,000 during the year. However, only 75% of the employees are classified as “direct labor.” What was the estimated manufacturing overhead for 2008?
MC Qu. 39 Given the following information, compute theÂ…
Given the following information, compute the total number of units for the period.
direct labor hours 12,000
direct labor cost $2.70 per hour
direct materials cost $75 per unit
total manufacturing cost $132,600
fixed overhead cost $36,000
variable overhead cost 50% of total labor cost
A. 360
B. 432
C. 640
D. 840
The WISCO company uses a weighted-average process costing system. The following data are available”
Beginning inventory 0
units started in production 20,000
units finished during the period 16,000
units in process at the end of the period
(complete as to materials, 1/4 complete as to labor and overhead) 4,000
cost of materials used $35,200
labor and overhead cost $37,400
MC Qu. 58 Equivalent units of production for material Â…
Equivalent units of production for material are
16,000.
17,000.
19,000.
20,000.
MC Qu. 59 Equivalent units of production for labor andÂ…
Equivalent units of production for labor and overhead are
16,000.
17,000.
19,000.
20,000
MC Qu. 60 Unit cost of material is
Unit cost of material is
$2.20.
$2.07.
$1.85.
$1.76.
MC Qu. 61 Unit cost of labor and overhead is
Unit cost of labor and overhead is
$2.34.
$2.20.
$1.97.
$1.87.
MC Qu. 62 Total cost of the 16,000 units finished is
Total cost of the 16,000 units finished is (Do not round any intermediate calculations.)
$63,360.
$67,320.
$72,640.
$65,120.
MC Qu. 63 Total cost of the 4,000 units of the ending Â…
Total cost of the 4,000 units of the ending inventory (Do not round any intermediate calculations.)
$15,840.
$14,520.
$9,240.
$8,910.
SB The Finishing Department had 5,000 incompletÂ…
The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing
MC Qu. 64 How many units were transferred-out during tÂ…
How many units were transferred-out during the period?
12,000
13,000
18,000
20,000
MC Qu. 65 The How many units were started and completeÂ…
The How many units were started and completed during the period?
12,000
13,000
18,000
20,000
MC Qu. 66 What are the equivalent units of production Â…
What are the equivalent units of production for materials during the period?
12,000
13,000
14,000
15,000
MC Qu. 67
What are the equivalent units of production for the conversion costs during the period?
14,500
15,100
16,500
17,100
MC Qu. 50
The Silver Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Department A and on a machine hours basis in Department B. At the beginning of the year, the company made the following estimates:
Dept. A Dept B.
direct labor cost $60,000 $40,000
factory over head $90,000 $45,000
direct labor hours 6,000 9,000
machine hours 2,000 15,000
What predetermined overhead rate would be used in Department A and Department B respectively?
150% and 300%.
150% and $3.00.
$1.50 and 300%.
$1.50 and $3.00
MC Qu. 82 Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050. How much is the over- or underapplied overhead? (Do not round your intermediate calculations.)
$21,520 underapplied
$13,600 underapplied
$7,920 overapplied
$0
MC Qu. 48
The predetermined overhead rate for manufacturing overhead for 2008 is $4.00 per direct labor hour. Employees are expected to earn $5.00 per hour and the company is planning on paying its employees $100,000 during the year. However, only 75% of the employees are classified as “direct labor.” What was the estimated manufacturing overhead for 2008?
MC Qu. 39 Given the following information, compute theÂ…
Given the following information, compute the total number of units for the period.
direct labor hours 12,000
direct labor cost $2.70 per hour
direct materials cost $75 per unit
total manufacturing cost $132,600
fixed overhead cost $36,000
variable overhead cost 50% of total labor cost
A. 360
B. 432
C. 640
D. 840
The WISCO company uses a weighted-average process costing system. The following data are available”
Beginning inventory 0
units started in production 20,000
units finished during the period 16,000
units in process at the end of the period
(complete as to materials, 1/4 complete as to labor and overhead) 4,000
cost of materials used $35,200
labor and overhead cost $37,400
MC Qu. 58 Equivalent units of production for material Â…
Equivalent units of production for material are
16,000.
17,000.
19,000.
20,000.
MC Qu. 59 Equivalent units of production for labor andÂ…
Equivalent units of production for labor and overhead are
16,000.
17,000.
19,000.
20,000
MC Qu. 60 Unit cost of material is
Unit cost of material is
$2.20.
$2.07.
$1.85.
$1.76.
MC Qu. 61 Unit cost of labor and overhead is
Unit cost of labor and overhead is
$2.34.
$2.20.
$1.97.
$1.87.
MC Qu. 62 Total cost of the 16,000 units finished is
Total cost of the 16,000 units finished is (Do not round any intermediate calculations.)
$63,360.
$67,320.
$72,640.
$65,120.
MC Qu. 63 Total cost of the 4,000 units of the ending Â…
Total cost of the 4,000 units of the ending inventory (Do not round any intermediate calculations.)
$15,840.
$14,520.
$9,240.
$8,910.
SB The Finishing Department had 5,000 incompletÂ…
The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing
MC Qu. 64 How many units were transferred-out during tÂ…
How many units were transferred-out during the period?
12,000
13,000
18,000
20,000
MC Qu. 65 The How many units were started and completeÂ…
The How many units were started and completed during the period?
12,000
13,000
18,000
20,000
MC Qu. 66 What are the equivalent units of production Â…
What are the equivalent units of production for materials during the period?
12,000
13,000
14,000
15,000
MC Qu. 67
What are the equivalent units of production for the conversion costs during the period?
14,500
15,100
16,500
17,100
MC Qu. 50
The Silver Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Department A and on a machine hours basis in Department B. At the beginning of the year, the company made the following estimates:
Dept. A Dept B.
direct labor cost $60,000 $40,000
factory over head $90,000 $45,000
direct labor hours 6,000 9,000
machine hours 2,000 15,000
What predetermined overhead rate would be used in Department A and Department B respectively?
150% and 300%.
150% and $3.00.
$1.50 and 300%.
$1.50 and $3.00
MC Qu. 82 Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050. How much is the over- or underapplied overhead? (Do not round your intermediate calculations.)
$21,520 underapplied
$13,600 underapplied
$7,920 overapplied
$0