Answer:
25 chairs per employee.
Explanation:
In this case labour productivity is the number of dining chairs per day over number of employees.
An average of 600 standard dining chairs were assembled per 6-day work week.
This means that, the number of dining chairs assembled per day is
The number if employees is 4.
Therefore the labour productivity of this operation is:
per employee.
Answer: MRP or the Marginal Revenue Product is the addition to total revenue when one more unit of a product is produced and sold in the market. It can be calculated using the given formula,
Therefore, MRP for the twelfth worker will be,
which is total revenue at 12th worker minus total revenue for the 11th worker.
Explanations:
Required 1
Actual manufacturing overhead= $11000+20000+143000= $174000
Underapplied or overapplied overhead= Actual manufacturing overhead-Applied manufacturing overhead
= $174000-152000= $22000 underapplied
Required 2
Adjusted cost of goods sold= $342000+22000= $364000
