1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko [41]
3 years ago
15

A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 25% wt

ih less material, but one additional worker required. Under the old process, five workers could produce 60 units per hour. labor costs are $12/hour, material input was previously $16/unit. For the process, material is now $10/unit. Overhead is charged at 1.6 times direct labor cost. Finished units sell for $31 each. What increase in productivity is associated with the process improvement?
Business
1 answer:
Oksana_A [137]3 years ago
5 0

Answer:

The productivity increase by 48.83%

Explanation:

old

60 units for 5 workers

5 x $12 = 60

material $16 x 60 = 960

overhead: 60 x 1.6 = 96

total revenue 60 x 31 =  1,860

total cosT: 60 + 960 + 96 = 1,116

productivity index_ 1,860 / 1,116 = 1,667

<em><u>now:</u></em>

output 60 + 25% = 75 units

6 workers x $12 = $72

materials $10 x 75 units = $750

overhead: $72 x 1.6 = $115.2

total revneue 75 units x $31 = 2,325

total cost: 75 + 750 + 115.2 = 940.2

productivity index_ 2,325 / 940.2 = 2,4728

percentage of improvement: ( it is calculate like a return on investment)

(2.4728 - 1.667) / 1.667 = 0.4883 = 48.83%

You might be interested in
The international agency that administers trade agreements, facilitates trade negotiations, and helps to resolve trade disputes,
Zepler [3.9K]
World Trade Organziation
3 0
2 years ago
Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
Nata [24]

Answer:

merge law and equity

Explanation:

In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.

However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.

In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

If this does not work he can use the law to compel them to comply.

7 0
2 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer
umka21 [38]

Answer: Please see explanation for answers

Explanation:

1. Journal entry to record bad debt on January 31st

Date            Account Titles and Explanation            Debit            Credit

Jan. 31st      Allowance for doubtful account            $1,600

Account receivables  ( Customer C. Green)                                  $1.600

2. Journal entry to record recovery of bad debt on March 9

A) To reinstate Amount previously written off

Date            Account Titles and Explanation                  Debit            Credit

March 9 Account receivables  ( Customer C. Green)    $1,100

Allowance for doubtful account                                                          $1,100

B) To record payment of account

Date            Account Titles and Explanation             Debit            Credit

March 9            Cash                                                   $1,100

   Account receivables( Customer C. Green)                                  $1,100

3 0
2 years ago
What two cultural factors influenced the variety of Chinese lays potato chip flavors
mel-nik [20]

Answer:

China and Japan.

Explanation:

:DDD

6 0
2 years ago
What is an AA? (From college)
Otrada [13]
What is AA. Alcoholics Anonymous is an international fellowship of men and women who have had drinking problem.
6 0
3 years ago
Other questions:
  • In an enterprise-class database system, reports are created by ________.
    13·1 answer
  • The world's largest manufacturer of peppermint candy canes was located in Albany, Georgia, until it could no longer afford to bu
    14·1 answer
  • The supply schedule shows the relationship between
    15·1 answer
  • the dill family home has a replacement cost of 125000, and the carry 80000 worth of insurance. in the event of a 50000 loss due
    13·1 answer
  • Suppose that a bank has ​$80 in checkable​ deposits, reserves of ​$15 ​, and a reserve requirement of​ 10%. Also assume that the
    9·1 answer
  • The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of
    13·1 answer
  • If Morgan worked 15 hours last week and is paid $10 per hour the amount
    10·1 answer
  • Explain factors that affect good work habits​
    7·1 answer
  • Fill in the blank question. Dilution Solutions, Inc. repurchased 1,000 shares of its $1 par value common stock for $5,000. The j
    14·1 answer
  • _______________________ involves converting a data field from one format to another with the goal of harmonizing it.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!