The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarter- to-quarter improvement in partial productivity of the two main inputs in the production process: base chemical and labor. Management at McNichols is particularly interested in the results because there have been numerous efficiency improvement programs instituted at the company recently. Data for the last two quarters follow: Barrels input Labor-hours Barrels of output Required: Quarter 2 33,000 6,600 22,836 Quarter 1 22,000 5,500 18,590 a. Compute the partial productivity measures for labor for quarter 1 and quarter 2. b. Compute the partial productivity measures for material for quarter 1 and quarter 2. c-1. Have the efficiency improvement programs resulted in greater labor productivity? c-2. Have the efficiency improvement programs resulted in greater material productivity? Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Compute the partial productivity measures for labor for quarter 1 and quarter 2. Note: Round your answers to 2 decimal places. Quarter Quarter 1 Quarter 2 Partial Labor Productivity
The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarter- to-quarter improvement in partial productivity of the two main inputs in the production process: base chemical and labor. Management at McNichols is particularly interested in the results because there have been numerous efficiency improvement programs instituted at the company recently. Data for the last two quarters follow: Barrels input Labor-hours Barrels of output Required: Quarter 2 33,000 6,600 22,836 Quarter 1 22,000 5,500 18,590 a. Compute the partial productivity measures for labor for quarter 1 and quarter 2. b. Compute the partial productivity measures for material for quarter 1 and quarter 2. c-1. Have the efficiency improvement programs resulted in greater labor productivity? c-2. Have the efficiency improvement programs resulted in greater material productivity? Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Compute the partial productivity measures for labor for quarter 1 and quarter 2. Note: Round your answers to 2 decimal places. Quarter Quarter 1 Quarter 2 Partial Labor Productivity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The controller's staff at McNichols Lubricants is responsible for preparing quarterly performance reports. One report evaluates quarter-
to-quarter improvement in partial productivity of the two main inputs in the production process: base chemical and labor. Management
at McNichols is particularly interested in the results because there have been numerous efficiency improvement programs instituted at
the company recently.
Data for the last two quarters follow:
Barrels input
Labor-hours
Barrels of output
Required:
Quarter 2
33,000
6,600
22,836
Quarter 1
22,000
5,500
18,590
a. Compute the partial productivity measures for labor for quarter 1 and quarter 2.
b. Compute the partial productivity measures for material for quarter 1 and quarter 2.
c-1. Have the efficiency improvement programs resulted in greater labor productivity?
c-2. Have the efficiency improvement programs resulted in greater material productivity?
Complete this question by entering your answers in the tabs below.
Req A
Req B
Req C1
Req C2
Compute the partial productivity measures for labor for quarter 1 and quarter 2.
Note: Round your answers to 2 decimal places.
Quarter
Quarter 1
Quarter 2
Partial Labor
Productivity
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