Answer:
1. Utilization rate = Operating time/Scheduled time
Utilization rate = 5,696/6,400
Utilization rate = 0.89
2. Efficiency rate = (Total output / Ideal run rate) / Operating time
Efficiency rate = (18,100/2) / 5,696
Efficiency rate = 9,050 / 5,696
Efficiency rate = 1.5888343
Efficiency rate = 1.59
3. Quality rate = Good units produced / Total units produced
Quality rate = 12,670 / 18,100
Quality rate = 0.70
4. Overall Equipment Effectiveness = Utilization rate * Efficiency rate * Quality rate
Overall Equipment Effectiveness = 0.89 * 1.59 * 0.70
Overall Equipment Effectiveness = 0.99057
Overall Equipment Effectiveness = 0.991
Answer:
<u>A creative work environment.</u>
Explanation:
A creative work environment is often found in companies with a decentralized organizational structure. This type of structure is more flexible than in a centralized structure, has a lower degree of hierarchy and greater participation of employees in decision-making processes.
A company that has a creative work environment, ensures that its employees have more freedom to solve their own problems and contribute with innovative ideas and suggestions, which ensures a greater sense of employee participation, increases motivation and work valorization .
Answer:
a) 2000
b) 4000
c) 2000 and 4800
Explanation:
The quantitative theory of money shows how the monetary side of an economy behaves, that is, the effect of money supply on income. It is given by the equation MV = PY, where M = money supply, V is the currency's velocity, P is the price level and Y is the real income level.
M = 500, V = 8, P = 2
a) The real income level:
MV = PY
500 x 8 = 2 x Y
Y = 2000
b) Nominal income level (price level multiplied by real income)
PY
2 x 2000 = 4000
C) If the money supply increases by 20%, ie to 600, the real income will be:
MV = PY
600 x 8 = 2.4 x Y (Y is full employment income, so the effects of money supply will be on the price level)
Y = 2000 Real income remains the same, increase in money supply does not affect real output, only price level, which increases from 2 to 2.4.
The nominal income, in turn, will be:
PY
2.4 x 2000 = 4800
That is, an increase in the money supply only increases nominal income.
<u>Calculation of the cost of goods sold (cogs) for the month;</u>
It is given that Cafe x bought 20,000 cups for $1,400 when they opened for business last month. At the end of the month, they had 8,000 cups left. It means the Cups sold are (20,000-8000) = 12,000 cups
And the Cost of 12,000 cups sold shall be $1400*12000/20000 = $840
Hence the cost of goods sold (cogs) for the month is <u>$840.</u>
Answer:
$2,260 Favorable
Explanation:
The computation of the variable overhead rate variance is shown below:
= Actual hours × actual rate - actual hours × standard rate
= $51,200 - 8,100 hours × $6.60
= $51,200 - $53,260
= $2,260 favorable
The Actual total variable manufacturing overhead comprises of
= Actual hours × actual rate
= $51,200
Simply we put the figures on the given formula.
