The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $10, the overhead rate is 1.1 times labor cost, and material cost is $5 per customer. Unit A B C D 020 Click here for the Excel Data File a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) B Employees Labor Productivity Unit (customers per day per workar) A C 5 2 D Customers Processed / Day 39 44 61 31 Mutfactor Productivity (customers per dollar input)
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Please a and b both subparts answer please, no plagiarism please i humble request and no handwriting please will upvote
![The following table shows data on the average number of customers processed by several bank service units each day. The hourly
wage rate is $10, the overhead rate is 1.1 times labor cost, and material cost is $5 per customer.
Unit
A
B
C
D
Employees
7
5
2
A
B
C
D
Customers Processed / Day
39
44
61
31
Click here for the Excel Data File
a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity.
(Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)
Labor Productivity
(customers per day per worker)
Multifactor Productivity
(customers per dollar input)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdb958db-6be0-4c75-9afb-00bce38fc110%2F8eea0801-f4a7-492a-a223-79f9adf3aa6b%2Frk6xi9_processed.jpeg&w=3840&q=75)
![a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity.
(Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)
Unil
A
B
C
D
Labor Productivity
(customers per day per worker)
A
В
C
D
9.8
6.3
12.2
15.5
b. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional
customer per day. Compute the expected labor and multifactor productivity rates for each unit. (Round your "Labor Productivity"
answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)
Multifactor Productivity
(customers per dollar input)
Labor Productively
customers per day per worker
Multifactor Productivity
customers per dollar input)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcdb958db-6be0-4c75-9afb-00bce38fc110%2F8eea0801-f4a7-492a-a223-79f9adf3aa6b%2Fs16v3bb_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)