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 34,000 suits. Management estimates the required input resources using the different manufacturing approaches are:
| Direct Materials (yards) |
Direct Labor (hours) |
||||||
| MF | 254,000 | 114,000 | |||||
| LI | 194,000 | 134,000 | |||||
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 for each of the production approaches.
2. Calculate the partial financial productivity ratios for each of the production approaches.
3. Compute the total productivity ratios for each of the production approaches.
(For all requirements, round your answers to 4 decimal places.)
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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,...
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 33,000 suits. Management estimates the required input resources using the different manufacturing approaches are: Direct Materials (yards) 253,000 193,000 Direct Labor (hours) 113,000 133,000 MF LI The cost of direct materials is $12 per yard; the cost of direct labor is $25 per hour. Required: 1. Compute the partial operational productivity ratios...
In the fourth quarter of last year, Colditz Company embarked on a major effort to improve...
In the fourth quarter of last year, Colditz Company embarked on a major effort to improve productivity. It redesigned products, reengineered manufacturing processes, and offered productivity improvement courses. The effort was completed in the last quarter of the current year. The controller's office has gathered the following year-end data to assess the results of this effort: Current Year 27,000 $ 52 15, 200 $ 10 6,450 $ 25 1,500 $ 3 Prior Year 22,500 $ 52 14,200 $ 8 Units...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
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 33,000 suits. Management estimates the required input resources using the different manufacturing approaches are: Direct Materials (yards) 253,000 193,000 Direct Labor (hours) 113,000 133,000 MF LI The cost of direct materials is $12 per yard; the cost of direct labor is $25 per hour. Required: 1. Compute the partial operational productivity ratios...
In the fourth quarter of last year, Colditz Company embarked on a major effort to improve productivity. It redesigned products, reengineered manufacturing processes, and offered productivity improvement courses. The effort was completed in the last quarter of the current year. The controller's office has gathered the following year-end data to assess the results of this effort: Current Year 27,000 $ 52 15, 200 $ 10 6,450 $ 25 1,500 $ 3 Prior Year 22,500 $ 52 14,200 $ 8 Units...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
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