2.

Exam 3 - Chapters 11, 12 & 14-16 26. MC.14.080 27. MC.14.081 At the end of 2018, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: 28. MC.14.087 2018 2019 29. MC.14.092 Output 45,000 54,000 Output prices $10.00 $10.00 30. MC.14.093 Materials (lbs.) 22,500 22,950 31. MC.15.154 $3.00 $4.00 18,000 16,875 Materials unit price Labor (hrs.) Labor rate per hour Power (kwh) 32. MC.15.152 $5.00 $5.00 11,250 14,625 33. MC.15.149 Price per kwh $2.00 $3.00 34. MC.15.146 35. MC.15.144 How much profit was generated in 2019? O a. $540,000 Ob. $270,000 Oc. $319,950 O d. $220,050 36. MC.15.143 Exam 3 - Chapters 11, 12 & 14-16 35. MC.15.144 Which of the following is true of non-value-added activities? a. These activities are a source of waste in the value stream of a product. Ob. These activities are identified only after the finished goods reaches final customers. Oc. These activities ensure that no rework is required as the final product has zero-defects. Od. These activities result from adopting new technology for the production process. 36. MC.15.143 37. MC.15.063 no RIA