As the cost accounting manager at Cambria Chemicals (CC). you are responsible for compiling and reporting various performancemeasures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has askedyou to measure and report partial productivity for both labor and materials. Data for the last two years follow.Gallons input (thousands)Labor-hours (thousands)Year 29,9009, 20011,700Year 18,9006,8009,700Gallons of out put (thousands)From the accounting records, you also gather the following information for the two years.Year 2Cost of inputs (per gallon)Wage rate (per hour)Total manufacturing overheadSelling price of output (per gallon)77 $23$1,360,000380Year 19016$1,190,000385%24Required:a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead).(Round your answers to 3 decimal places.)Year 2Year 1Total factor productivity

Name: As the cost accounting manager at Cambria Chemicals (CC). you are res
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Description: As the cost accounting manager at Cambria Chemicals (CC). you are responsible for compiling and reporting various performancemeasures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked

In accounting we consider different costs of inputs including the overheads to determine the total…

Answered: Required: a. Compute the total factor…

Business

Accounting

Required: a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhe (Round your answers to 3 decimal places.) Year 2 Year 1

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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