Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A cable manufacturing company produces cables from some raw materials; wire and plastic resins. To produce one meter cable 150 gm resin and 0.4 kg

A cable manufacturing company produces cables from some raw materials; wire and plastic resins. To produce one meter cable 150 gm resin and 0.4 kg re are required to produce one meter of cable. Cost of resin and wire is 1k.80/Kg and Tk.100/Kg respectively. The company can produce 40000 meter cable per month by using 200 labors. Average wage of each labor is Tk.600 per day, and overhead cost is 3 million taka per month. To set up the machine 60 million taka is invested on it. Life of the machine is 5 years. Price of the Tk.350/meter respectively. Consider 25 working days make a month.

a. Compute labor, material, machine, overhead and multi factor productivity (Daily, Monthly, Yearly in every possible way) and interpret the result

Step by Step Solution

3.44 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

To compute the productivity measures we need to calculate various components as follows Labor Productivity Labor productivity measures the output produced per unit of labor input a Daily Labor Product... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

6th Edition

324559674, 978-0324559675

More Books

Students also viewed these General Management questions

Question

What is the work environment like? Friendly/collegial?

Answered: 1 week ago

Question

!

Answered: 1 week ago

Question

Please make it fast 1 .

Answered: 1 week ago