Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The Valentine Ski Company makes top - of - the - line custom snow skis for high - end ski shops and employs eighteen people

The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs eighteen people at $19 per hour. Chris, the owner, wants to track several productivity performance measures using the data shown below.
Financial Information 2021 Results
Net sales $185,000
Cost of goods sold (purchased items) $31,000
Net income after taxes $25,800
Current assets $76,000
Current liabilities $23,000
Avg. inventory value $4,200
Inputs and Outputs
Skis produced 1,400
Labor hours 15,120
Lease payments $22,000
Calculate the labor productivity, lease productivity, and material productivity. Do not round intermediate calculations. Round your answers to four decimal places.
Labor productivity:
.0925 is wrong
skis/labor$
Lease productivity:
.0636 is correct
skis/lease$
Material productivity:
0.0452 is correct
skis/material$
Calculate the multiple-factor productivity. Do not round intermediate calculations. Round your answer to four decimal places.
skis/$
If the multiple factor productivity for 2020 was 0.005 skis/dollar, then what was the productivity growth from 2020 to 2021? Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any.
23.64% is wrong
%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

13th edition

978-1-119-4110, 1119411483, 9781119411017, 978-1119411482

Students also viewed these Finance questions

Question

How is ????1 different from ????1?

Answered: 1 week ago