bags of coffee beans that each staff can complete in a day. They have 10 employees, each working eight hours per day, and able to process 12 bags of coffee beans daily. The payroll cost for the officers is Php 1,820 per day per officer, and there is a daily overhead expense of Php 6,000 for the machinery acquisitio What would be the value of their multifactor productivity with the new machinery in bags per Php? O 0.0029 O 0.0050 0.00031

bags of coffee beans that each staff can complete in a day. They have 10 employees, each working eight hours per day, and able to process 12 bags of coffee beans daily. The payroll cost for the officers is Php 1,820 per day per officer, and there is a daily overhead expense of Php 6,000 for the machinery acquisitio What would be the value of their multifactor productivity with the new machinery in bags per Php? O 0.0029 O 0.0050 0.00031

Name: A coffee bean seller has decided to acquire new packaging machinery t
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: A coffee bean seller has decided to acquire new packaging machinery that will help increase the number ofbags of coffee beans that each staff can complete in a day. They have 10 employees, each working eighthours per day, and able to process 12 bags

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

“Jackson Manufacturing and Trading Company Limited produces several kitchen products, one of which is a Jack grinder. One Jack grinder has a prime cost of £3.2, which includes 15 minutes of direct labour (costed at £8.2 per hour). Each unit uses 20 minutes of machine time. The company’s management accountant has estimated the following totals for the coming financial year, 2019: Machine hours available in the factory 40,000 hours Direct labour hours available 80,000 hours Total production overheads £340,000” “Required:” “What is the estimated production cost of one Jack grinder if:” “production overheads are absorbed on the basis of machine hours? production overheads are absorbed on the basis of labour hours? “The managing director of Jackson Manufacturing and Trading Company Limited has very little knowledge about the overhead application. You are required to provide a brief explanation for the…
3. In Ibra Manufacturing Company, employees are paid on the basis of time rate plus a bonus is also paid if the set amount of work is completed faster than the time allowed. Bonus is paid at the rate of 50% of time saved and time rate. The details of employees and their production are given below; Time allowed Actual Production (per week) 150 Name of Time Rate Per employee Humaid Hours worked (per week) 40 15 Min, each Hour 4.5 Sudeer 6 42 30 Min, each 100 Jabir Hussain Salem 32 20 Min, each 45 15 Min, each 5.5 120 5 180 4 45 30 Min, each 80 Calculate Total Basic Pay of each employee?
The following data is available for Sunland Repair Shop for 2022: Repair technicians' wages $380000 Employee benefits 70000 Overhead Total 60000 $72.00. $108.00. $264.00. O $147.00. $510000 The desired profit margin is $45 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2022. In January 2022, Sunland repairs a bicycle that uses parts of $180. Its material loading charge on this repair would be
W
The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.
Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials ?Direct labor $472,500Variable overhead 15,000Fixed overhead 18,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: Direct Materials InventoryBeginning $4,000Ending 2,600 There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. Required:1. Prepare a statement of cost of services sold in good form.2. How does this cost…
A concrete hollow blocks (CHB) plant has an overhead cost of P150,000 per month. The material cost is P3.75 per unit and labor cost P2.25 per unit. How many units should be made per month to break-even if the selling price is P7.50 per unit.
Exercises The salary for a plant supervisor for a manufacturing facility is $120,000 per year. The plant's capacity is 300,000 units per year. Required 1. Prepare a table that shows how the cost of supervision behaves in total and on a per-unit basis as production increases from 0 to 250,000 units per year, using 50,000-unit increments. 2. How would you classify the behavior of the cost of supervision?
A business produces one product which requires the following inputs: Direct Materials 6 kg at S 4.80 per kg Direct labour 4 hour at $7 per hour Building cost S 18,000 per period Leased machine $600 for every 600 units (each machine has a capacity of 600 units) Store Cost $3,000 per period plus $3 per unit a. What is the total cost of production and the cost per unit at each of the following production levels: -1000 units -2000 units b. Explain why the cost per unit is different at each level of production
2
An orchardist pays apple pickers $10 per hour plus $8 per $100kg of apples picked. If workers pick, on average 180 kg per hour for a 40-hour workweek. What are the gross earnings of the week?
Calla Company produces skateboards that sell for $50 per unit. The company currently has the capacity to produce 90,000 skateboards per year but is selling 80,000 skateboards per year. Annual costs for 80,000 skateboards follow.