Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as the cost accounting manager at cambria chemical

As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and...

90.2K

Verified Solution

Question

Accounting

image

As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report partial productivity for both labor and materials. Data for the last two years follow. Gallons input (thousands) Labor-hours (thousands) Gallons of output (thousands) Year 2 9,000 10,000 10,800 Year 1 8,000 7,600 8,800 From the accounting records, you also gather the following information for the two years. 90 Cost of inputs (per gallon) Wage rate (per hour) Total manufacturing overhead Selling price of output (per gallon) Year 2 $ 85 $ 22 $1,280,000 $ 360 Year 1 $ $ 19 $1,160,000 $ 370 Required: a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead). (Round your answers to 3 decimal places.) Year 2 Year 1 Total factor productivity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe a sound strategy for language revival using each of the three parts of language planning.

Psychology
Q

Use the graphical method for linear programming to find the optimal solution for the following problem. Maximize...

Basic Math
Q

If a species has a highly risky environment, where predators have a high probability of...

Biology
Q

A study or an experiment where the conclusions are to be drawn relative to a...

Basic Math
Q

A university conducted a survey of 365 undergraduate students regarding satisfaction with student government Results...

Statistics
Q

Determine whether the statement is true or false.x + 2 is a factor of P(x)...

Algebra
Q

For the standard normal distribution, find the value of...

Accounting
Q

Assuming a starting point of a 1:1 relationship, state the effect of the following transactions...

Accounting
Q

Rollins company problem Problem 10.85 (Algo) The Rollins Company...

Accounting
Q

Any group that will be using the financial statements to make decisions, such as investors...

Accounting
Q

Management action and stock value REH Corporation's most recent dividend was $2.15 per share, its...

Finance
Q

Terry Austin is 30 years old and is saving for her retirement. She is planning...

Finance