Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2015, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the companys

In 2015, Choctaw Company implements a new process affecting labor and materials. The following reported data are provided to evaluate the effect on the companys productivity:

2014 2015
Number of units produced 720,000 360,000
Labor hours used 240,000 90,000
Materials used (lbs.) 960,000 450,000

Required:

1. Calculate the productivity profile for 2014. If required, round your answers to two decimal places.

Partial Operational Productivity Ratios 2014 Profile
Labor productivity ratio _________
Material productivity ratio _________

2. Calculate the productivity profile for 2015. If required, round your answers to two decimal places.

Partial Operational Productivity Ratios 2015 Profile
Labor productivity ratio _________
Material productivity ratio _________

3. What if the labor hours used in 2015 were 127,500? What does comparison of the 2014 and 2015 profiles now communicate? If required, round your answers to two decimal places.

Partial Operational Productivity Ratios 2014 Profile 2015 Profile
Labor productivity ratio __________ ___________
Material productivity ratio __________ ___________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

17th Edition

013517614X, 978-0135176146

More Books

Students also viewed these Accounting questions

Question

Whats My Comfort with Change?

Answered: 1 week ago