1.1. (LO 1.4) Tried and True Clothing has opened four new stores in towns across southern Ontario. Data on monthly sales volume and labour hours are given below Which store location has the highest labour productivity? Store Hamilton Kingston London Waterl00 Sales volume $40,000 $12,000 $60,000 $25,000 Labour hours 250 60 500 200
1.1. (LO 1.4) Tried and True Clothing has opened four new stores in towns across southern Ontario. Data on monthly sales volume and labour hours are given below Which store location has the highest labour productivity? Store Hamilton Kingston London Waterl00 Sales volume $40,000 $12,000 $60,000 $25,000 Labour hours 250 60 500 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do question 1-4. Thanks
![5/9781119588702/epubcfi/6/20[%3Bvnd.vst.idref%3DC01]1/4[c01-body-0001/2/22[c.
Efficiency - Ac.
O GW2 HoT Maps Ti.
O Guild Wars 2 Timer
Other
<>
1.26. (LO 1.5) Use either policy deployment or a balanced scorecard to map out a
personal strategy for your future.
Problems
1.1. (LO 1.4) Tried and True Clothing has opened four new stores in towns across
southern Ontario. Data on monthly sales volume and labour hours are given below.
Which store location has the highest labour productivity?
Store
Hamilton Kingston London Waterloo
Sales volume
$40,000 $12,000 $60,000 $25,000
Labour hours
250
60
500
200
1.2. (LO 1.4) Tried and True's accountant (from Problem 1.1) suggests that monthl
rent and hourly wage rate should be factored into the productivity calculations.
Hamilton pays the highest average wage at $12.75 an hour. Kingston pays $12.5o an
hour, London $12.00, and Waterloo $1.50. The cost to rent store space is $180O a
month in Hamilton, $2000 a month in Kingston, $1200 a month in London, and
$800 a month in Waterloo.
a. Which store is most productive?
b. Tried and True is not sure it can keep all four stores open. Based on
multifactor productivity, which store would you close? What other factors
should be considered?
1.3. (LO 1.4) At last year's bass tournament, Jim caught 12 bass in a four-hour
period. This year he caught 15 in a six-hour period. In which year was he most
productive? If the average size of the bass last year was 20 lb (9 kg) and the average
size this year was 25 Ib (11 kg), would your decision change?
1.4. (LO 1.4) It is time for the annual performance review of Go-Com's account
executives. Account values and hours spent each week acquiring and servicing
accounts are shown below. Each agent works approximately 45 weeks out of the year,
but the time spent on accounts each week differs considerably. How would you rate
the performance of each individual? Which agent is most productive? Which agents
show the most potential?
Agents
Albert Boisvert Cressey Duong
New accounts
$100,000 $40,000 $80,000 $200,000
Existing accounts $40,000 $40,000 $150,000 $100,000
Labour hours
40
60
20
80
1.5. (LO 1.4) Statistics Canada collects input and output data from various countries
for comparison purposes. Labour hours are the standard measure of input. Calculate
the output per hour from the following data. Which country is most productive?
Labour Hours Units of Output
Canada
79.2
87.1
Germany
89.6
103.6
Japan
86.3
117.6
1.6. (LO 1.4) Omar Industries maintains production facilities in several locations
around the globe. Average monthly cost data and output levels are as follows.
NWARE](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2eac7854-edde-4031-9d9d-a9067083c7c1%2F6444643c-fd9b-485b-9374-06517aa6a8d1%2Fvghjglf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5/9781119588702/epubcfi/6/20[%3Bvnd.vst.idref%3DC01]1/4[c01-body-0001/2/22[c.
Efficiency - Ac.
O GW2 HoT Maps Ti.
O Guild Wars 2 Timer
Other
<>
1.26. (LO 1.5) Use either policy deployment or a balanced scorecard to map out a
personal strategy for your future.
Problems
1.1. (LO 1.4) Tried and True Clothing has opened four new stores in towns across
southern Ontario. Data on monthly sales volume and labour hours are given below.
Which store location has the highest labour productivity?
Store
Hamilton Kingston London Waterloo
Sales volume
$40,000 $12,000 $60,000 $25,000
Labour hours
250
60
500
200
1.2. (LO 1.4) Tried and True's accountant (from Problem 1.1) suggests that monthl
rent and hourly wage rate should be factored into the productivity calculations.
Hamilton pays the highest average wage at $12.75 an hour. Kingston pays $12.5o an
hour, London $12.00, and Waterloo $1.50. The cost to rent store space is $180O a
month in Hamilton, $2000 a month in Kingston, $1200 a month in London, and
$800 a month in Waterloo.
a. Which store is most productive?
b. Tried and True is not sure it can keep all four stores open. Based on
multifactor productivity, which store would you close? What other factors
should be considered?
1.3. (LO 1.4) At last year's bass tournament, Jim caught 12 bass in a four-hour
period. This year he caught 15 in a six-hour period. In which year was he most
productive? If the average size of the bass last year was 20 lb (9 kg) and the average
size this year was 25 Ib (11 kg), would your decision change?
1.4. (LO 1.4) It is time for the annual performance review of Go-Com's account
executives. Account values and hours spent each week acquiring and servicing
accounts are shown below. Each agent works approximately 45 weeks out of the year,
but the time spent on accounts each week differs considerably. How would you rate
the performance of each individual? Which agent is most productive? Which agents
show the most potential?
Agents
Albert Boisvert Cressey Duong
New accounts
$100,000 $40,000 $80,000 $200,000
Existing accounts $40,000 $40,000 $150,000 $100,000
Labour hours
40
60
20
80
1.5. (LO 1.4) Statistics Canada collects input and output data from various countries
for comparison purposes. Labour hours are the standard measure of input. Calculate
the output per hour from the following data. Which country is most productive?
Labour Hours Units of Output
Canada
79.2
87.1
Germany
89.6
103.6
Japan
86.3
117.6
1.6. (LO 1.4) Omar Industries maintains production facilities in several locations
around the globe. Average monthly cost data and output levels are as follows.
NWARE
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education