How Many Labor Hours Should the Company Budget in Week

question 13

Essay

How many labor hours should the company budget in week three to produce all side panels needed? Round to the nearest hour,if necessary.
Bill of Materials
$$\begin{array}{l}\text { Finished Product: DVD Player }\\\begin{array} { | l | l | l | } \hline \text { Part Nurmber } & \text { Description } & \text { Quartity } \\\hline 105 & \text { Control Urit } & 1 \\125 & \text { Back Pariel } & 1 \\148 & \text { Bide Parel } & 2 \\155 & \text { Top/Bottom Pariel } & 2 \\173 & \text { Timer } & 1 \\195 & \text { Front Parel } & 1 \\199 & \text { Screw } & 6\\\hline\end{array}\end{array}$$
$$\begin{array}{l}\text {operation list for: creating side list }\\\begin{array} { |l | l |l |l | } \hline\text { operation number}&\text { description}&\text { machine number}&\text { standerd time(m:s)}\\105&\text{cut to shape}&ML 15-12&2:00\\106&\text{corner cut}&ML 15-9&3:15\\124&\text{turn and shape}&S28-17&4:00\\142&\text{finish}&F54-5&7:10\\155&\text{paint}&P89-1&9:30\\\hline\end{array}\end{array}$$

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Definitions:

Accounting Period

A specific period of time used for financial reporting purposes, typically a quarter or year.

Reversing Entries

Entries made in accounting to reverse or cancel out adjusting entries made at the end of a reporting period, often used to simplify recordkeeping.

External Transactions

Financial transactions between a business and an outside party, which can include buying from or selling to another company.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends, but rather kept by the company for reinvestment in its operations or to pay debt.