The following information is for the Wetherby Company. 2016 2015 Units manufactured 60,000 54,000 Units of...
The following information is for the Wetherby Company.
2016 2015
Units manufactured 60,000 54,000
Units of materials used 144,000 124,000
Number of labor hours used 200,000 180,000
Cost of materials per unit $40 $38
Direct labor wage rate per hour $50 $44
1. Compute the partial operational productivity measures for 2015 and 2016
. 2. Compute the partial financial productivity ratios for 2015 and 2016.
3. Separate the changes of the partial financial productivity ratios from 2015 to 2016 into productivity change, input price change, and output change.
Homework Answers
Answer 1
For 2015
Partial Operating productivity measures ( Material) = Units Manufactured/Units of material used
= 54000/124000
= 0.4355
Partial Operating productivity measures ( Labour) = Units Manufactured/No of labour hours
= 54000/180000
= 0.30
For 2016
Partial Operating productivity measures ( Material) = Units Manufactured/Units of material used
= 60000/144000
= 0.4167
Partial Operating productivity measures ( Labour) = Units Manufactured/No of labour hours
= 60000/200000
= 0.30
Answer 2
For 2015
Partial Financial productivity ratios ( Material) = Units Manufactured/Amount spent on materials used
= 54000/(124000*38)
= 0.0115
Partial Financial productivity ratios ( Labour) = Units Manufactured/Amount spent on labour
= 54000/(180000*44)
= 0.0068
For 2016
Partial Operating productivity measures ( Material) = Units Manufactured/Amount spent on materials used
= 60000/(144000*40)
= 0.0104
Partial Operating productivity measures ( Labour) = Units Manufactured/Amount spent on labour
= 60000/(200000*50)
= 0.0006
Add Answer to:
The following information is for the Wetherby Company.
2016 2015
Units manufactured 60,000 54,000
Units of...
Profile Productivity Measurement Objective In 2015, Choctaw Company implements a new process affecting labor and materials....
Profile Productivity Measurement Objective In 2015, 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: 2014 2015 Number of units produced 600,000 450,000 Labor hours used 200,000 112,500 Materials used (lbs.) 2,000,000 1,285,714 Required: 1. Calculate the productivity profile for 2014. If required, round your answers to two decimal places. Partial Operational Productivity Ratios 2014 Profile Labor productivity ratio Material productivity ratio 2. Calculate the...
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...
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 compa...
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 600,000 450,000 Labor hours used 150,000 90,000 Materials used (lbs.) 1,333,333 900,000 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...
Cornerstone Exercise 15.4 (Algorithmic) Profit-Linked Productivity Measurement In 2015, Choctaw Company implements a new process affecting...
Cornerstone Exercise 15.4 (Algorithmic) Profit-Linked Productivity Measurement In 2015, Choctaw Company implements a new process affecting labor and materials. Choctaw Company provides the following information so that total productivity can be valued: 2014 2015 Number of units produced 600,000 510,000 Labor hours used 200,000 255,000 Materials used (lbs.) 2,000,000 1,275,000 Unit selling price 24 26 Wages per labor hour 14 16 Cost per pound of material 3.40 3.50 Required: 1. Calculate the cost of inputs in 2015, assuming no productivity...
1. A company has gathered the following financial information for itself and a competing firm. It...
1. A company has gathered the following financial information for itself and a competing firm. It wants to compare productivity for the two firms (all numbers in 000s). Labor Plant and equipment Energy Materials Sales Firm A 530,000 200,000 17.500 200,000 1,200,000 Firm B $16,000 150,000 20,500 180,000 900,000 Compute partial and total factor productivity measures for Firms A and B. b. What is the picture you get of the two firms? c. What would you suggest to the management...
please see question and miltiple choice answers below: Broha Company manufactured 1,500 units of its only...
please see question and miltiple choice answers below:
Broha Company manufactured 1,500 units of its only product during 2019. The inputs for this production are as follows: 450 pounds of Material A at a cost of $150 per pound 300 pounds of Material Hat a cost of $2.75 per pound 300 direct labor hours at $20 per hour The firm manufactured 1,800 units of the same product in 2018 with the following inputs: 500 pounds of Material A at a...
Gutsen Communications Inc. manufactures a scrambling device for cellular phones. The main component of the scrambling...
Gutsen Communications Inc. manufactures a scrambling device for cellular phones. The main component of the scrambling device is a very delicate part-DTV-12. DTV-12 requires careful handlings during manufacturing. Once damaged, the part must be discarded. Only skilled laborers are hired to manufacture and install DTV-12. Damages still occur, however. The following are the operating data of Gutsen Communications Inc. for 2015 and 2016 relative to the insertion of DTV12 Round calculations to two significant digits. 2015 Number of phones manufactured...
Required information [The following information applies to the questions displayed below.) The following information is available...
Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 9,100 54,000 37,000 18,400 34,800 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. esper lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost varianco.
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for...
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company Administrative salaries (non-factory)$140,000 70,000 82,000 44,000 60,000 34,000 350,000 36,000 24,000 114,000 Administrative rent (non-factory Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory Ulanuary 1) 114000 Finished goods inventory (December 31) 104,000 28,000 38,000 26,000 40,000 Net delivered cost of materials purchased 276,000 52,000 1,690,000 144,000 Work in process inventary (Uanuary )36.000...
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...
1. A company has gathered the following financial information for itself and a competing firm. It wants to compare productivity for the two firms (all numbers in 000s). Labor Plant and equipment Energy Materials Sales Firm A 530,000 200,000 17.500 200,000 1,200,000 Firm B $16,000 150,000 20,500 180,000 900,000 Compute partial and total factor productivity measures for Firms A and B. b. What is the picture you get of the two firms? c. What would you suggest to the management...
please see question and miltiple choice answers below:
Broha Company manufactured 1,500 units of its only product during 2019. The inputs for this production are as follows: 450 pounds of Material A at a cost of $150 per pound 300 pounds of Material Hat a cost of $2.75 per pound 300 direct labor hours at $20 per hour The firm manufactured 1,800 units of the same product in 2018 with the following inputs: 500 pounds of Material A at a...
Gutsen Communications Inc. manufactures a scrambling device for cellular phones. The main component of the scrambling device is a very delicate part-DTV-12. DTV-12 requires careful handlings during manufacturing. Once damaged, the part must be discarded. Only skilled laborers are hired to manufacture and install DTV-12. Damages still occur, however. The following are the operating data of Gutsen Communications Inc. for 2015 and 2016 relative to the insertion of DTV12 Round calculations to two significant digits. 2015 Number of phones manufactured...
Required information [The following information applies to the questions displayed below.) The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $43,000 9,100 54,000 37,000 18,400 34,800 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. esper lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost varianco.
Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bourne Manufacturing Company Administrative salaries (non-factory)$140,000 70,000 82,000 44,000 60,000 34,000 350,000 36,000 24,000 114,000 Administrative rent (non-factory Advertising and promotion expense Depreciation-administrative Depreciation-factory Depreciation-selling Direct labor Factory rent Factory supplies used Finished goods inventory Ulanuary 1) 114000 Finished goods inventory (December 31) 104,000 28,000 38,000 26,000 40,000 Net delivered cost of materials purchased 276,000 52,000 1,690,000 144,000 Work in process inventary (Uanuary )36.000...
Most questions answered within 3 hours.
-
1-Calculate the mass in grams of 2.55 moles of KCl
2- Calculate how many moles are...
asked 20 minutes ago -
Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds
to the public. The...
asked 15 minutes ago -
Bismuth-210 is beta emitter with a half-life of 5.0 days.
Part A
If a sample contains...
asked 7 minutes ago -
The income statement for the month of June, 2014 of Happy Smiles
Enterprises contains the following...
asked 20 minutes ago -
To be done in java code. 2 words are anagrams if 1 word can be
formed...
asked 18 minutes ago -
Two players take turns at removing 1 to 4 coins from an original
pile of 16...
asked 14 minutes ago -
1. Choose value for p between 0.20 and 0.80. It should have at
least two decimal...
asked 22 minutes ago -
QUESTIONS: 500 words for the question
In defining abnormality, the criteria of “deviance”, “distress”
and “dysfunction”...
asked 23 minutes ago -
A sample of n = 25 scores produces a t statistic of t =
-2.062. If...
asked 41 minutes ago -
Given the following, compute the after tax cost of debt: The par
value of the firms...
asked 35 minutes ago -
Coding in C. Please only use stdio.h (which would mean no malloc
or anything like that)...
asked 40 minutes ago -
Use the fundamental accounting equation to find the missing
amounts.
Scenario
Assets
Liabilities
Equity
1
$...
asked 38 minutes ago