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Betty is a Human Resource Associate for a small factory, and management asked her department to evaluate current wage trends. Ultimately, management has expressed concerns about the turnover the factory experienced over the past couple of years, and they hope to use analytics to determine possible causes. The company experienced a lot of turnover that has caused a lot of change in the rates paid to different hourly workers. The accounting department gathered the following data about 10 factory workers employed during the two-year period: Hourly Wages - Current Year Hourly Wages - Previous Year $13.60 $16.52 14.87 13.14 14.43 13.23 13.14 13.80 14.06 14.17 13.84 14.55 15.07 15.95 15.17 13.12 14.21 14.17 15.20 14.56 Betty needs to use data analytics to assist in the investigation into possible causes for this turnover. With this information in mind, please answer the following question. Use Excel or a similar spreadsheet program as appropriate. Betty would like to determine the average hourly wage. Using horizontal analysis, what is the percent change in the average hourly wage between this year and last year? (Round answers to 2 decimal places, e.g. 5.27.) Average Hourly Wages: Current Year $ $ Previous Year Percent change in the average hourly wage between this year and last year %

Betty is a Human Resource Associate for a small factory, and management asked her department to evaluate current wage trends. Ultimately, management has expressed concerns about the turnover the factory experienced over the past couple of years, and they hope to use analytics to determine possible causes. The company experienced a lot of turnover that has caused a lot of change in the rates paid to different hourly workers. The accounting department gathered the following data about 10 factory workers employed during the two-year period: Hourly Wages - Current Year Hourly Wages - Previous Year $13.60 $16.52 14.87 13.14 14.43 13.23 13.14 13.80 14.06 14.17 13.84 14.55 15.07 15.95 15.17 13.12 14.21 14.17 15.20 14.56 Betty needs to use data analytics to assist in the investigation into possible causes for this turnover. With this information in mind, please answer the following question. Use Excel or a similar spreadsheet program as appropriate. Betty would like to determine the average hourly wage. Using horizontal analysis, what is the percent change in the average hourly wage between this year and last year? (Round answers to 2 decimal places, e.g. 5.27.) Average Hourly Wages: Current Year $ $ Previous Year Percent change in the average hourly wage between this year and last year %

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 2TIF
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Betty is a Human Resource Associate for a small factory, and management asked her department to evaluate current wage trends. Ultimately, management has expressed concerns about the turnover the factory experienced over the past couple of years, and they hope to use analytics to determine possible causes. The company experienced a lot of turnover that has caused a lot of change in the rates paid to different hourly workers. The accounting department gathered the following data about 10 factory workers employed during the two-year period: Hourly Wages - Current Year Hourly Wages - Previous Year $13.60 $16.52 14.87 13.14 14.43 13.23 13.14 13.80 14.06 14.17 13.84 14.55 15.07 15.95 15.17 13.12 14.21 14.17 15.20 14.56 Betty needs to use data analytics to assist in the investigation into possible causes for this turnover. With this information in mind, please answer the following question. Use Excel or a similar spreadsheet program as appropriate. Betty would like to determine the average hourly wage. Using horizontal analysis, what is the percent change in the average hourly wage between this year and last year? (Round answers to 2 decimal places, e.g. 5.27.) Average Hourly Wages: Current Year $ $ Previous Year Percent change in the average hourly wage between this year and last year %
Transcribed Image Text:Betty is a Human Resource Associate for a small factory, and management asked her department to evaluate current wage trends. Ultimately, management has expressed concerns about the turnover the factory experienced over the past couple of years, and they hope to use analytics to determine possible causes. The company experienced a lot of turnover that has caused a lot of change in the rates paid to different hourly workers. The accounting department gathered the following data about 10 factory workers employed during the two-year period: Hourly Wages - Current Year Hourly Wages - Previous Year $13.60 $16.52 14.87 13.14 14.43 13.23 13.14 13.80 14.06 14.17 13.84 14.55 15.07 15.95 15.17 13.12 14.21 14.17 15.20 14.56 Betty needs to use data analytics to assist in the investigation into possible causes for this turnover. With this information in mind, please answer the following question. Use Excel or a similar spreadsheet program as appropriate. Betty would like to determine the average hourly wage. Using horizontal analysis, what is the percent change in the average hourly wage between this year and last year? (Round answers to 2 decimal places, e.g. 5.27.) Average Hourly Wages: Current Year $ $ Previous Year Percent change in the average hourly wage between this year and last year %
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