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
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