Question: 1.What is the money toolbox? What does it contain? 2.Given the following departmental financial information for satellite Components Corp., setup the data manually or use

1.What is the money toolbox? What does it contain?

2.Given the following departmental financial information for satellite Components Corp., setup the data manually or use spreadsheet software. Using horizontal and vertical analysis, calculate:

Scrap as a percentage of total output from the department for five month.

Productivity for each month

The percentage of direct labor to total labor costs for each month. Graph the results.

Ratio of direct labor to total units produced for the period.

What additional information would you like to have if you were the team leader of this departments cost improvement team? State any conclusions from preceding analysis?

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