22In 2019 Kyoto Corp. implemented a program to improve product quality. The qualityprogram focused on training the managers responsible for the purchase of raw materials. Thequality program also included training for direct labor assembly employees to improve skills in themanufacturing process. Selected 2020 and 2019 results for Kyoto are as follows:20202019Units136,00060,000124,000Direct materials (pounds)Direct labor (hours)Cost of materials per poundCost of direct labor per hour20,000$ 4.00$ 30.0054,00018,000$ 3.80$ 28.00a. Calculate the partial operational productivity of Direct Materials and Direct Labor for 2020 and 2019(round answers to four decimals).b. Calculate the partial financial productivity of Direct Materials and Direct Labor for 2020 and 2019(round answers to four decimals).c. Was Kyoto's quality program effective? Support your answer with relevant insights (don't repeatcalculation results) from your productivity analysis above.

Here in this case we are required to calculate the operational and financial productivity.…

22 In 2019 Kyoto Corp. implemented a program to improve product quality. The quality program focused on training the managers responsible for the purchase of raw materials. The quality program also included training for direct labor assembly employees to improve skills in the manufacturing process. Selected 2020 and 2019 results for Kyoto are as follows: 2020 2019 Units 124,000 Direct materials (pounds) Direct labor (hours) Cost of materials per pound Cost of direct labor per hour 136,000 60,000 20,000 $ 4.00 $ 30.00 54,000 18,000 $ 3.80 $ 28.00 a. Calculate the partial operational productivity of Direct Materials and Direct Labor for 2020 and 2019 (round answers to four decimals). b. Calculate the partial financial productivity of Direct Materials and Direct Labor for 2020 and 2019 (round answers to four decimals). c. Was Kyoto's quality program effective? Support your answer with relevant insights (don't repeat calculation results) from your productivity analysis above.

22 In 2019 Kyoto Corp. implemented a program to improve product quality. The quality program focused on training the managers responsible for the purchase of raw materials. The quality program also included training for direct labor assembly employees to improve skills in the manufacturing process. Selected 2020 and 2019 results for Kyoto are as follows: 2020 2019 Units 124,000 Direct materials (pounds) Direct labor (hours) Cost of materials per pound Cost of direct labor per hour 136,000 60,000 20,000 $ 4.00 $ 30.00 54,000 18,000 $ 3.80 $ 28.00 a. Calculate the partial operational productivity of Direct Materials and Direct Labor for 2020 and 2019 (round answers to four decimals). b. Calculate the partial financial productivity of Direct Materials and Direct Labor for 2020 and 2019 (round answers to four decimals). c. Was Kyoto's quality program effective? Support your answer with relevant insights (don't repeat calculation results) from your productivity analysis above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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