Unit 13 Quiz

Matching! 1. Units sold after that point will result in a _. Profit 2. _ is the cost of the goods that you use to produce the item. Direct Material Cost 3. _ includes the wages paid to the employees who make the item. Direct Labor Cost 4. The _ is the total of the direct material cost and the direct labor cost. Prime Cost 5. A _ determines how many units of a product must be made and sole to cover production expenses. Break-Even Analysis 6. A _ shows you where income from sales equals the cost of production. Break-Even Point 7. The production department of your business makes, or _, and packages the products you sell. Manufactures 8. _ includes rent, salaries, and other costs that are not changed by the number of units produced. Fixed Costs 9. _ include the cost of raw materials, the cost of packaging, and any other costs that vary directly with the number of units produced. Variable Costs 10. _ determines the average time a task should take to do. Time-Study 11. _ is inspecting mass-produced items for defects. Quality Control 12. _ is a chart that shows the percent of defective products that is allowable in manufacturing. Quality Control Chart 13. _is when items are broken, damaged, the wrong size, or otherwise faculty are classified as. Defective Fill in the Blanks! 14. Electric Supply, Inc., produces aluminum circuit housings. The machine operator stamps 32 housings from each strip of aluminum. Each strip costs $1.40. The operator can stamp 715 housings per hour. The direct labor charge is $16.50 per hour. What is the prime cost of manufacturing a circuit housing?Prime Cost: $.0615. The Donnely Manufacturing Company manufactures plastic tablecloths. Each roll of printed plastic yield 150 tablecloths. Each roll costs $22.30. The direct labor charge is $14.25 per hour. The machine operator can cut and fold 90 tablecloths per hour. What is the prime cost of manufacturing each tablecloth?Prime Cost: $.3116. TenCo manufactures tennis rackets. The fixed costs for TenCo total $340,000. TenCo will sell their tennis rackets at $44.21 per racket. The variable cost per racket is $38.26. What is the break-even point in units?Break-Even Point: 57,14217. The local farm supply store supplies rural mailboxes. The fixed costs for the store total $192,800. The variable cost per mailbox is $21.43 and the selling price per mailbox is $39.99. What is the break-even point in units?Break-Even Point: 10,38718. Beasley’s Knot Shop creates and packages knitted scarves. In a sample there are 125 scarves. In that sample, there are 9 defective scarves. The company’s policy is in control if they find that 6 percent or less is defective. Is the process in or out of control?Percent: 7.2%Control: Out19. Krispy Kreme produces doughnuts. In a sample, there are 95 doughnuts. Out of the sample taken, there are 4 defective doughnuts. Krispy Kreme’s policy states that they are in control if 5 percent or less is defective. Is the process in or out of control?Percent: 4.2%Control: In20. Elaine bags groceries at Tops and carries out bags for customers, when requested. She spends an average of 3 minutes per customer. Elaine works 50 minutes per hour. How many customers can be served per hour?Customers: 1621. Deshawn works at the local movie theater selling tickets. He spends an average of 21.4 seconds per customer. Deshawn works 50 minutes per hour. In an hour, how many customers could Deshawn serve?Customers: 140