Question: Managerial accounting procedures developed for the manufacturing industry often are applied in nonmanufacturing settings also. Ontario Bank and Trust Companys total output of financial services

Managerial accounting procedures developed for the manufacturing industry often are applied in nonmanufacturing settings also. Ontario Bank and Trust Company’s total output of financial services during the year just ended was valued at $10 million. The total cost of the firm’s inputs, primarily direct labor and overhead, was $8 million.

Required:

1. Compute Ontario’s aggregate (or total) productivity for the year.

2. Do you believe this is a useful measure? Why? Suggest an alternative approach that Ontario Bank and Trust might use to measure productivity.

Step by Step Solution

★★★★★

3.37 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Aggregate or total productivity total output total input 10000... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

238-B-M-A-S-C (868).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

This video takes a humorous view of what constitutes ethical conduct in an organization and who should receive ethics training. After students have watched the video, conduct an instructor-led...

Ontario Bank and Trust Company's total output of financial services during the year just ended was valued at $11 million. The total cost of the firm's inputs, primarily direct labor and overhead, was...

Using this information for Eagle Bank and Trust Company (all figures in millions), calculate the bank's net interest margin, noninterest margin, and ROA. Interest income........... $ 75 Interest...

Stilwater Bank and Trust Company has an average asset duration of 3.25 years and an average liability duration of 1.75 years. Its liabilities amount to $485 million, while its assets total $512...

Exercise 1237 Productivity Measurement (LO 12-6 @) 1.62 1.70 402.07 385 3.27 01 4651 1.92 1.02 73 174 541 234 1.36 206. Managerial accounting procedures developed for the manufacturing industry often...

Managerial accounting procedures developed for the manufacturing industry often are applied in nonmanufacturing settings also. Ontario Bank and Trust Company's total output of financial services...

2-0. Is this is a useful measure? Req 2A Customers per day Req 2A Managerial accounting procedures developed for the manufacturing industry often are applied in nonmanufacturing settings also. of the...

Managerial accounting procedures developed for the manufacturing industry often are applied in non- manufacturing settings also. Ontario Bank and Trust Company's total output of financial services...

I have attached all documents, including the homework question. I can answer question 1, but I need help on 2 and 3. ACT 5140 ? Accounting for Decision Makers HW #2 ? Chapter 9 Question #1 List and...

Taking Charge at Dogus Holding How was the social, political and economic environment of Turkey in 2001? What role do social, political and economic factors play in firms' M&A and divestiture...

Phenol red in medium is commonly used as a pH indicator. Choose the value of pH in column 2 that best matches the color in column 1? 7. Column 1 A) red B) orange C) yellow lemon yellow D) E) pink F)...

Wray Chairs Corporation produces ergonomically designed chairs favored by architects. The company normally produces and sells from 4,000 to 10,000 chairs per year. The following cost data apply to...

Does the following rule define y as a function of x ? y = x 2 8 Does the relation define a function? Yes No

4-1. A thin dielectric rod of cross section A extends along the r-axis from * = 0 to a L. The polarization of the rod is along its length, and is given by P. = ax2 +b. Find the volume density of...

A Capitalized cost was computed to be 2M. The structure includes some additional expenses of 100,000 at the beginning of the year for the next 15 years, a renewal cost of 200,0000 would occur in...

For each of the transactions below, record whether it would result in an increase or decrease in assets and/or liabilities. An organization: 1. Purchases supplies With cash. 2. Purchases supplies on...

For each of the transactions below, record whether it would result in an increase or decrease in assets and/or liabilities. An organization: 1. Purchases supplies with cash. 2. Purchases supplies on...

Air flows steadily through an engine at constant temperature, 127 deg C. Assuming that the Kinetic and Potential energies are negligible and if the exit pressure is one-fourth of the initial...

In what ways is a Nazirite vow symbolically similar to the responsibilities of accepting a leadership position? [Your Response Here]

Under what conditions would it be appropriate to us a process costing system?

In what ways are job-order and process costing similar?

Assume a file containing a series of integers is named numbers.txt and exists on the computer's disk. Write a program that displays all of the numbers in the file. In python 3.0 please provide a...

The Rule of 72 is a simple mathematical approximation for__________. the payments required to double an investment the number of years required to double an investment the future value required to...

7.84 A&B&C Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount)....