Ask question

Ask question

All categories

4 years ago

11

Hokey Min's Kleen Karpet cleaned 85 rugs in October, consuming the following resources:Labor: 525 hours at $17 per hourSolven

t: 120 gallons at $8 per hourMachine Rental: 20 days at $50 per hour(a) Labor productivity per dollar = ____ rugs/dollar (round your response to four decimal places).(b) Multifactor productivity =_____rugs/dollar (round your response to four decimal places).

1 answer:

Viefleur [7K]4 years ago

4 0

Answer:

(a) The Labor productivity per dollar = 0.0095 rugs/dollar.

(b) The Multifactor productivity = 0.0078 rugs/dollar.

Explanation:

Given information:

Number of rugs = 85

Labors: 525 hours at $17 per hour.

Total cost of labors = 525 × 17 = $8925

Solvent: 120 gallons at $8 per hour.

Total cost of solvent = 120 × 8 = $960

Machine Rental: 20 days at $50 per hour.

Total rent = 20 × 50 = $1000

Total cost = Total cost of labors + Total cost of solvent + Total rent

Total cost = $8925 +$960 +$1000 =$10885

(a)

We need to find Labor productivity per dollar.

$\text{Labor productivity}=\frac{outpu t}{\text{Labor cost}}$

$\text{Labor productivity}=\frac{85}{8925}$

$\text{Labor productivity}=0.0095238$

$\text{Labor productivity}\approx 0.0095$

Therefore the Labor productivity per dollar = 0.0095 rugs/dollar.

(b)

We need to find the Multifactor productivity.

$\text{Multifactor productivity}=\frac{Outp ut}{\text{Total cost}}$

$\text{Multifactor productivity}=\frac{85}{10885}$

$\text{Multifactor productivity}=0.0078089$

$\text{Multifactor productivity}\approx 0.0078$

Therefore the Multifactor productivity = 0.0078 rugs/dollar.

You might be interested in

One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S. ha

SVETLANKA909090 [29]

Answer:

The correct answer to the following question will be "$1.04/C$1".

Explanation:

The given values are:

U.S's spot rate = $1/C$1

Rate of inflation = 4%

Now,

According to Relative PPP, As Canada will have lower unemployment or inflation, its currency would appreciation by the gap in society, thus by 4%.

Hence,

New rate = $1\times 1.04$

= $$1.04/C$ $ $1$

8 0

3 years ago

Two independent companies, Sheridan Co. and Pharoah Co., are in the home building business. Each owns a tract of land held for d

marshall27 [118]

Answer: d. $44,958.

Explanation:

Gain = Fair Value of Sheridan land - Cost and book value of Sheridan land

= 810,000 - 581,400

= $228,600

Pre-tax gain = Gain * Cash paid/ Fair value

= 228,600 * (159,300/810,000)

= $44,958

3 0

3 years ago

Over time, members of the supply chain often formalize their relationship by entering into contracts that dictate various terms,

garri49 [273]

Answer:

c) contractual vertical marketing system

Explanation:

correct answer is contractual vertical marketing system because contract vertical marketing system means that different levels of production and distribution companies work together to achieve greater economies or sales. These organizations coordinate their strategies through contractual agreements to eliminate channel conflicts arising from personal goals.

4 0

4 years ago

Smith Company reported pretax book income of $406,000. Included in the computation were favorable temorary differences of $51,20

masha68 [24]

Answer:

$3,604

Explanation:

Calculation for what Smith's deferred income tax expense or benefit would be:

Using this formula

Deferred income tax expense =(favorable temporary difference-unfavorable temporary difference)*Tax rate

Let plug in the formula

Deferred income tax expense =($51,200-$40,600)*21%

Deferred income tax expense =$10,600*34%

Deferred income tax expense =$3,604

Therefore Smith's deferred income tax expense or benefit would be:$3,604

8 0

3 years ago

Farmer's Supply, Inc. is considering opening a clothing store, which would be a new line of business for the firm. Management ha

timurjin [86]

Answer:

E)Pure play approach

Explanation:

From the question we are informed about, Farmer's Supply, Inc. who is considering opening a clothing store, which would be a new line of business for the firm. Management has decided to use the cost of capital of a similar clothing store as the discount rate that should be used to evaluate this proposed expansion. In this case, the terms used to describe the approach Farmer's Supply is taking to establish an appropriate discount rate for the project is Pure play approach.

Pure play approach In finance, can be regarded as be used in estimating cost of equity capital especially of that of

private companies, and this involve the examination of beta coefficient of single focused companies as well as public companies. In this approach

company set it's focuses on a particular single type product.

6 0

3 years ago