Question: Company XYZ produces goods with usable output of 400 units by working 8-hour day. Goods are produced by four workers with a consumption of

Company XYZ produces goods with usable output of 400 units by working

Company XYZ produces goods with usable output of 400 units by working 8-hour day. Goods are produced by four workers with a consumption of 600 pounds of material. Each worker gets wage of $30; material cost is $2 per pound; and overhead is 2 times labor cost. Calculate the multifactor productivity. Answer Choices: a. 0.098 b. 0.167 c. 0.124 d. 0.136

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the multifactor productivity we need to divide the total output by the total input cost ... 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

Students Have Also Explored These Related Accounting Questions!

Answer the following questions and discuss them in class. Explain how law affects (a) Peoples personal or social lives and (b) Business or business operations.

what are 4 examples of cost pools in a restaurant and 2 cost drivers for each of the cost pools?

A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labour content of the jobs needed to produce the shopping carts. Prior to...

Calculate the multifactor productivity measure for each of the weeks shown below. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage rate of $ 12. Overhead is 1.5 times...

TOUGH TIMES DEFINE A LEADER. View the Frontlinevideo "Biden." https://www.pbs.org/wgbh/frontline/documentary/president-biden/ Discuss the following questions: 1. Why did Joe Biden's age play a huge...

A). A swimming pool company has 100,000 labour hours available per summer, and a labour productivityof 5pools per 4,000 hours. Howmanypools canthecompany installthissummer? Supposethemultifactor...

1 . Productivity ( 5 points ) a . A factory produces 5 0 0 units of a product in an 8 - hour shift with 1 0 workers. What is the labor productivity of the factory in units per worker - hour? b . A...

A ) . Taylor s Woodworks plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make 5 0 0 boxes per day, in two 8 - hour shifts ( 2 5 0...

Taylor s Woodworks plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make 5 0 0 boxes per day, in two 8 - hour shifts ( 2 5 0 boxes...

please guide on this question Q.10. Sunk costs are: (a) relevant for decision making (b) Not relevant for decision making (c) cost to be incurred in future (d) future costs Q.11. Describe the method...

A wrapping-paper company produced 2,000 rolls of paper one day. Labor cost was $160, material cost was $50, and overhead was $320. Determine the multifactor productivity. Compute the multifactor...

The total fertility rate at time t, denoted by F(t), is an estimate of the average number of children born to each woman (Assuming that current birth rates remain constant) The graph of the total...

Some companies incur significant research and development costs. This will often result in successful patents. Since patents have future benefit should the research and development costs be...

find the angle betweeen the planes 6 x + 5 y = 5 and 2 x + 6 y + 4 z = 6

An external pressure of 10 MN/m2 is applied to a thick cylinder of internal diameter 160 mm and external diameter 320 mm. If the maximum hoop stress permitted on the inside wall of the cylinder is...

Implement a basic file system managed from within a file. The operations to the file system are to be done using a daemon process running in the background. Applications requiring the use of the file...

Normalize the data in table 1 attached show the EER diagram for your final results For each of the following steps, include screen shots of your code and results Use SQL code to create the tables...

Which choice describes the goal focus of a Lean Six Sigma approach?Multiple choice question.reducing work process stepsreducing defectsrandom samplingspeed with excellence

Dungan Corporation is evaluating a proposal to purchase a new drill press to replace a less efficient machine presently in use. The cost of the new equipment at time 0, including delivery and...

Using the reciprocal method spreadsheet (shown in Exhibit 11.21), show the costs allocated to production for Steamco Corporation. Use the data in Problem 11-44.

Graphic Components (GC) has offered to supply the Federal Aviation Agency (FAA) with computer monitors at "cost plus 20 percent." GC operates a manufacturing plant that can produce 22,000 monitors...

Which disorder is characterized by having only one X chromosome in the 23rd pairing? a. Turners syndrome b. Tay-Sachs c. Klinefelters syndrome d. PKU

In which of Piagets stages would a child be who has just developed the ability to conserve? a. sensorimotor b. preoperational c. concrete operations d. formal operations

Compare and contrast four theories of why aging occurs.