How does the absentee/annual salaries ratio compare to the U.S. plant? Based on the data you have what accounts for the difference?
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have to compare two plants from the same company, one is a plant in Canada and one is in the U.S. (ALL NUMBERS ARE ALREADY IN CANADIAN).
Here is the data
CANADA:
| Yearly Cost of Absenteeism | $480,244 |
| Total Salary | $7,766,096 |
| Percentage of Salary | 6% |
| Number of Working Days | 251 |
| Average Salary Per Day | $289.16 |
US PLANT:
| Total U.S. Salaries | $6,360,000 |
| Average Salary | $69,141.43 |
| Work Days | 249 |
| Average Salary Per Day | $277.68 |
| Total Cost of Absents | $312,386 |
Extra Calculations:
| Average Diff between CAN and US | 4% |
| Absence Cost Diff between CAN and US | 35% |
QUESTION: How does the absentee/annual salaries ratio compare to the U.S. plant? Based on the
data you have what accounts for the difference?
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Solved in 3 steps
- Please provide answer in text (Without image)A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 260,000 $ 1,118,000 Variable manufacturing expense $ 429,000 Fixed manufacturing expense $ 288,000 $ 91,000 Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 228,000 $82,000 What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $4.30 per unit $0.32 per unit hHi, I'm from the Philippines. Out topic is Accounting for Manufacturing Business. Can you help me with the accounting entries to be used in the following transactions?
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- LZS Bhd produces a single product called MY2.5 which is being exported to Indonesia. You are the management accountant of LZS Bhd and for the month ended 31 May 2021 you are provided with the following information in relation to MY2.5. (i) Standard cost per unit of MY2.5. Direct Materials : 4 kg per unit at RM3 per kg Direct Labour : 5 hours per unit at RM4 per hour Variable Overhead : 5 hours per unit at RM1 per hour Fixed Overhead : 5 hours per unit at RM3 per hour (ii) Standard selling price of MY2.5 is RM60 per unit. (iii) Budgeted production was 10,000 units . (iv) Overheads are absorbed based on the direct labour hours. (v) The actual results for the year are as follows: Sales at 9,500 units at a total sales of RM 551,000 Material consumption : 37,000kg of material at a total cost of RM120,250 Labour paid per hour : RM4.1 per hour to all factory workers. Labour cost paid in total : RM 200,900 Overheads paid : Variable : RM 46,550; Fixed : RM 145,000 (vi) No stocks held at the end…Markson Company had the following results of operations for the past year: Contribution margin income statement Per Unit Annual Total Sales (9,000 units) $ 20.00 $ 180,000 Variable costs Direct materials 4.25 38,250 Direct labor 6.00 54,000 Overhead 2.00 18,000 Contribution margin 7.75 69,750 Fixed costs Fixed overhead 4.25 38,250 Income $ 3.50 $ 31,500 A foreign company offers to buy 2,500 units at $14 per unit. In addition to variable manufacturing and administrative costs, selling these units would increase fixed overhead by $2,000 for the purchase of special tools. Markson’s annual productive capacity is 13,500 units. If Markson accepts this additional business, its profits will:Steering produces a hard disk drive that sells for $175 per unit. The cost of producing 25,000 drives in the prior year was: Direct material Direct labor Variable overhead Fixed overhead Total cost $ 700,000 475,000 225,000 1,500,000 $ 2.900.000 At the start of the current year, the company received an order for 2,940 drives from a computer company in China. Management of Steering has mixed feelings about the order. On one hand, they welcome the order because they currently have excess capacity. Also, this is the company's first international order. On the other hand, the company in China is willing to pay only $122 per unit. What will be the effect on profit of accepting the order? (Enter decrease in profit using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)
