Calculate partial operational productivity of direct labor

Assignment Help Cost Accounting
Reference no: EM133155480

Question - In 2020 Tia Corp. implemented a program to reduce defects in the manufacturing process. The program focused on training production line employees at the beginning of the process to identify substandard direct materials that lead to defective units. Selected 2021 and 2020 results for Tia are as follows:

 

2021

2020

Units

62,500

67,188

Direct materials (pounds)

50,000

57,109

Direct labor (hours)

25,000

24,432

Cost of materials per pound

$12.00

$11.00

Cost of direct labor per hour

$30.00

$28.00

Required -

a. Calculate the partial operational productivity of Direct Materials and Direct Labor for 2021 and 2020 (round answers to four decimals).

b. Calculate the partial financial productivity of Direct Materials and Direct Labor for 2021 and 2020 (round answers to four decimals).

c. Was Tia's quality program effective? Support your answer with relevant insights (don't repeat calculation results) from your productivity analysis above.

Reference no: EM133155480

Questions Cloud

What amount should ashton recognize as part of net income : During 2018, Jeffrey declared and paid dividends of $3 per share to all common shareholders. What amount should Ashton recognize as part of net income
Determine the current prices of firm as and firm bs shares : Assume that the income tax rate is 40 per cent and capital gain tax rate is 20 per cent. Determine the current prices of Firm A's and Firm B's shares
How much gain must mark recognize : Assume the fair market value of the land is $28,500 rather than $64,450. How much gain must Mark recognize (if any) as a result of the distribution
Design and develop a personal website about yourself : Design and develop a Personal Website about yourself and your future career ambitions - You must not use any existing complete templates, or frameworks
Calculate partial operational productivity of direct labor : Calculate the partial operational productivity of Direct Materials and Direct Labor for 2021 and 2020 (round answers to four decimals)
Calculate the depreciation expense on the garage : Calculate the 2025 depreciation expense on the garage using the straight-line method and assuming a 10-yearlife and a $38,043 salvage value
Calculate the effect of these journal entries : Calculate the effect of these journal entries on 2021 net income, and the amount at which the investment is carried in the December 31, 2021, balance sheet
What is the ocf for this project : The project is estimated to generate $1,675,000 in annual sales, with costs of $645,000. If the tax rate is 21 percent, what is the OCF for this project
Overview of perceptions of information security : one-page overview of Perceptions of Information Security at the Workplace: Linking Information Security Climate to Compliant Behavior

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd