In an assembly operation at a furniture factory, 4 employees assembled an average of 600 standard dining chairs per 6-day work week. What is the labor productivity of this operation

Answers

Answer 1
Answer:

Answer:

25 chairs per employee.

Explanation:

In this case labour productivity is the number of dining chairs per day over number of employees.

An average of 600 standard dining chairs were assembled per 6-day work week.

This means that, the number of dining chairs assembled per day is

(600)/(6)  = 100

The number if employees is 4.

Therefore the labour productivity of this operation is:

(100)/(4)  = 25

per employee.


Related Questions

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Alpha Communications, Inc., which produces telecommunications equipment in the United States, has a very strong local market for its circuit board. The variable production cost is $130, and the company can sell its entire supply domestically for $170. The U.S. tax rate is 40 percent. Alternatively, Alpha can ship the circuit board to its division in Germany, to be used in a product that the German division will distribute throughout Europe. Information about the German product and the division’s operating environment follows.Selling price of final product: $360Shipping fees to import circuit board: $20Labor, overhead, and additional material costs of final product: $115Import duties levied on circuit board (to be paid by the German division): 10% of transfer price German tax rate: 60%Assume that U.S. and German tax authorities allow a transfer price for the circuit board set at either U.S. variable manufacturing cost or the U.S. market price. Alpha’s management is in the process of exploring which transfer price is better for the firm as a whole.Required:1. Compute overall company profitability per unit if all units are transferred and U.S. variable manufacturing cost is used as the transfer price. Show separate calculations for the U.S. operation and the German division.2. Repeat requirement (1). assuming the use of the U.S. market price as the transfer price. Which of the two transfer prices is better for the firm?3. Assume that the German division can obtain the circuit board in Germany for $155.a. If you were the head of the German division, would you rather do business with your U.S. division or buy the circuit board locally? Why?b. Rather than proceed with the transfer, is it in the best interest of Alpha to sell its goods domestically and allow the German division to acquire the circuit board in Germany? Why? Show computations to support your answer.
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mz technologies’ dividend growth is expected to decline gradually. for the next four years, the growth is expected to be 20%. in years 5,6 and 7 it is expected to grow at 16%, 12% and 8%. during year 8 and beyond, dividends are expected to grow at 5% for perpetuity. assume the last dividend paid was $1 (a moment ago) and the required rate of return is 10%. what is the current price?

The Fed buys​ $20,000 of government securities. The desired reserve ratio is 5 percent and the currency drain is zero. What will be the change in the quantity of​ money?

Answers

Answer:

The answer is $400,000

Explanation:

Quantity theory of money states that the quantity of money is directly proportional total spending in an economy.

Change in quantity of money = new deposits (which can also be new security) ÷ reserve requirements

The new security is $20,000

reserve requirements is 5 percent

Change in quantity of money is:

$20,000 / 0.05

=$400,000

Plowin' Supply plans to make 15,000 tractors at its plants. Fixed costs are $600,000 and variable costs are $200 per tractor. What is the average cost per tractor?(a) $200(b) $240(c) $40(d) $75

Answers

Answer:

b) 240

Explanation:

The fixed costs to the production of the tractors are $600.000, independently  if the company makes 1 or none tractor, the company must spend $600.000 variable cost are attached to the number of tractors that the company will make. In this case the company will produce $15.000 and the variable cost is $200, its a reason why you must multiply those numbers. Excersise:

Total cost of produce n tractor = fixed costs+( number of tractors * variable cost)

where n = 15.000

Total cost of produce n tractor =$600.000+(15.000*$200)

Total cost of produce n tractor =$600.000+ ($3.000.000)

Total cost of produce 15.000 tractors = 3.600.000

Now that you have the total cost, you have to divide in the number of tractor to fin the average cost per quantity:

Average cost=  (Total cost of 15.000 tractors/number of tractors)

Average cost= (3.600.000/15.000)= $240

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 86,000 units, 70% complete as to materials and 25% complete as to conversion. Units started and completed: 262,000. Units completed and transferred out: 348,000. Ending Inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of conversion.

Answers

Answer:

The equivalent units of conversion is 351,300

Explanation:

The computation of the conversion equivalent units is shown below:

= (Units completed and transferred out × conversion percentage) +  (Ending Inventory × conversion percentage)

= 348,000 × 100% + $33,000 × 10%

= 348,000 + 3,300

= 351,300

All other information which is given in the question are not relevant. So, ignore other information.

A small office building produces NOI of $8,995 per year. We intend to buy the property, if the price is right, and hold it for four years. At that time (EOY 4) we believe we can sell the property for $197,000. If we require an 8% ROA, what is the most we should pay now for this investment?A. The NPV is negative, so reject the investment.
B. The NPV is positive, so invest.
C. The NPV is greater than the NOI, so invest.
D. The GPI is greater than the NOI, so invest.
E. The NPV is greater than the OPX, so invest.

Answers

Answer:

Option B is correct.

The NPV is positive, so invest.

Explanation:

Year Cash Flow

0          -160000

1            8995

2             8995

3             8995

4           205995

$13,512.46

The common stock of Flavorful Teas has an expected return of 19.65 percent. The return on the market is 14.5 percent and the risk-free rate of return is 4.2 percent. What is the beta of this stock?

Answers

Answer:

beta= 1.5

Explanation:

The common stock of flavorful tea has an expected return of 19.65%

The return on the market is 14.5%

The risk-free rate is 4.2%

Therefore, the beta of the stock can be calculated as follows

Required return= Risk free rate+beta(market rate-risk free rate)

19.65%= 4.2%+beta(14.5%-4.2%)

19.65%= 4.2% + 14.5beta-4.2beta

19.65%= 4.2% + 10.3beta

19.65%-4.2%= 10.3beta

15.45%= 10.3beta

beta= 15.45/10.3

beta= 1.5

Hence the beta of this stock is 1.5

Final answer:

The beta of Flavorful Teas' common stock can be determined using the Capital Asset Pricing Model (CAPM). The beta, which measures a stock's volatility in comparison to the market, is calculated using the expected return of the stock, the return of the market, and the risk-free rate.

Explanation:

The beta of a stock is a measure of its volatility in comparison to the market as a whole, represented here by the return on the market. Beta is calculated using the Capital Asset Pricing Model (CAPM), which describes the relationship between the expected return of a security and its risk. We can calculate beta using the formula: Beta = (Expected Return of the Stock - Risk-Free Rate of Return) / (Market Rate of Return - Risk-Free Rate of Return).

So in this case, the expected return on Flavorful Teas is 19.65 percent, the market return is 14.5 percent, and the risk-free rate is 4.2 percent. Plugging these values into the formula gives: Beta = (19.65 - 4.2) / (14.5 - 4.2). That will provide the value for the beta of Flavorful Teas' common stock.

Learn more about Beta of Stock here:

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"The financial leverage multiplier is the ratio of​" ________. A. current assets to current liabilities B. total assets to total debt C. current assets to common​ stockholders' equity D. total assets to common​ stockholders' equity

Answers

Answer:

D. total assets to common​ stockholders' equity

Explanation:

The financial leverage multiplier (FLM) is defined as the ratio of the firm’s total assets to the shareholders’ equity.

Analyzing the answer choices provided, the one that better fits the description above is alternative D. total assets to common​ stockholders' equity