Required:1. Compute the following measures for 20x1 and 20x3:a. Actual velocity and cycle timeb. Percentage of total revenue from new customers (assume one unit percustomer)c. Percentage of very satisfied customers (assume each customerpurchases one unit)d. Market sharee. Percentage change in actual product cost (for 20x3 only)f. Percentage change in days of inventory (for 20x3 only) Problem 13.21Scorecard Measures, Strategy TranslationObjective 2 - Discuss the basic features of the Balanced Scorecard.3 - Explainhow the Balanced Scorecard links measures to strategy.At the end of 20x1, Mejorar Company implemented a low-coststrategy to improve its competitive position. Its objective wasto become the low-cost producer in its industry. A BalancedUng.cengage.com/statioinbluilevalndex.html?elSBN=97813059707248id=187456245&nbid=5245498snapshotid=5245498dockApplid=1. 1/102020Print PreviewScorecard was developed to guide the company toward this objective. Tolower costs, Mejorar undertook a number of improvement activities such asJIT production, total quality management, and activity-based management.Now, after two years of operation, the president of Mejorar wants someassessment of the achievements. To help provide this assessment, thefollowing information on one product has been gathered:20x120x3Theoretical annual capacity*Actual production**Market size (in units sold)249,600208,000249,600234,0001,300,0001,300,000104,00083,200$32515.6Production hours available (40 workers)104,000140,400S260Very satisfied customersActual cost per unitDays of inventoryNumber of defective units7.813,0005,200Total worker suggestionsHours of trainingSelling price per unitNumber of new customers104312260S1955,2001,040S19526,000"Amount that could be produced given the available production hours; everything produced is sold.*"Amount that was produced given the available production hours.

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a. Actual velocity and cycle time b. Percentage of total revenue from new customers (assume one unit per customer) c. Percentage of very satisfied customers (assume each customer purchases one unit)

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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