Question

Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials....

Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the company’s productivity:

20x1, 20x2 :Number of units produced 690,000 (x1),390,000 (x2) Labor hours used 172,500 (x1) 78,000 (x2) Materials used (lbs.) 1,061,538 (x1) 557,143 (x2)Required:

1. Calculate the productivity profile for 20x1. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x1 Profile Labor productivity ratio Material productivity ratio 2. Calculate the productivity profile for 20x2. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x2 Profile Labor productivity ratio Material productivity ratio 3. What if the labor hours used in 20x2 were 115,500? What does comparison of the 20x1 and 20x2 profiles now communicate? If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x1 Profile 20x2 Profile Labor productivity ratio Material productivity ratio

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials....
Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the company’s productivity: 20x1 20x2 Number of units produced 660,000 450,000 Labor hours used 220,000 112,500 Materials used (lbs.) 2,200,000 1,285,714 Required: 1. Calculate the productivity profile for 20x1. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x1 Profile Labor productivity ratio Material productivity ratio 2. Calculate the...
Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials....
Profile Productivity Measurement Objective In 20x2, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the company’s productivity: 20x1 20x2 Number of units produced 540,000 480,000 Labor hours used 135,000 96,000 Materials used (lbs.) 771,429 640,000 Required: 1. Calculate the productivity profile for 20x1. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 20x1 Profile Labor productivity ratio Material productivity ratio 2. Calculate the...
Profit-Linked Productivity Measurement In 20x2, Choctaw Company implements a new process affecting labor and materials. Choctaw...
Profit-Linked Productivity Measurement In 20x2, Choctaw Company implements a new process affecting labor and materials. Choctaw Company provides the following information so that total productivity can be valued: 20x1 20x2 Number of units produced 570,000 480,000 Labor hours used 190,000 240,000 Materials used (lbs.) 2,850,000 1,600,000 Unit selling price $21 $23 Wages per labor hour $13 $15 Cost per pound of material $3.80 $3.90 Required: 1. Calculate the cost of inputs in 20x2, assuming no productivity change from 20x1 to...
Katrina Design has decided to experiment with two alternative manufacturing approaches, identified as MF and LI,...
Katrina Design has decided to experiment with two alternative manufacturing approaches, identified as MF and LI, for producing men’s fashions. The firm expects the total demand to be 28,000 suits. Management estimates the required input resources using the different manufacturing approaches are: Direct Materials (yards) Direct Labor (hours) MF 248,000 108,000 LI 188,000 128,000 The cost of direct materials is $13 per yard; the cost of direct labor is $28 per hour. Required: 1. Compute the partial operational productivity ratios...
ABC Corporation makes small parts from steel alloy sheets. Management has the flexibility to substitute direct...
ABC Corporation makes small parts from steel alloy sheets. Management has the flexibility to substitute direct materials for direct manufacturing labor and vice versa. If workers cut the steel carefully, more parts can be manufactured from a metal sheet, but this requires additional direct manufacturing labor hours. Alternatively, ABC can use fewer labor hours if it is willing to tolerate more waste of direct materials. ABC decided to improve materials productivity this year and the following provides information for the...
E9-5 Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Charm Company makes handcrafted...
E9-5 Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow: Standard Quantity Standard (Rate) Standard Unit Cost Silver 0.30 oz. $ 30.00 per oz. $ 9.00 Crystals 5.00 $ 0.45 per crystal 2.25 Direct labor 1.50 hrs. $ 19.00 per hr. 28.50 During the month of January, Crystal Charm...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 6.80 pounds $ 3.00 per pound $ 20.40 Direct labor 0.50 hours $ 11.00 per hour $ 5.50 During the most recent month, the following activity was recorded: Twenty two thousand nine hundred pounds of material were purchased at a cost of $2.70...
Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $13.80 Standard labor time per unit 20 min. Standard number of lbs. of brass 1.4 lbs. Standard price per lb. of brass $9.50 Actual price per lb. of brass $9.75 Actual...
#11 Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small...
#11 Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 40 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: Standard wage per hour $12.6 Standard labor time per unit 20 min. Standard number of lbs. of brass 1.7 lbs. Standard price per lb. of brass $11 Actual price per lb. of brass $11.25...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $11.4 Standard labor time per unit 20 min. Standard number of lbs. of brass 1.9 lbs. Standard price per lb. of brass $13 Actual price per lb. of brass $13.25 Actual...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT