Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following: Fabric price (per bolt) $ 30.00 Sales price (per bolt) $ 120.00 Sales revenue $ 2,160,000 Manufacturing overhead $ 510,000 Total factor productivity 1.60 Total labor costs $ 120,000 Required: Determine the partial fabric (materials) productivity.
Venice Textiles produces cloth. The inputs are fabric, labor, and overhead. Fragmentary productivity records from plant files for the last period show the following: Fabric price (per bolt) $ 30.00 Sales price (per bolt) $ 120.00 Sales revenue $ 2,160,000 Manufacturing overhead $ 510,000 Total factor productivity 1.60 Total labor costs $ 120,000 Required: Determine the partial fabric (materials) productivity.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 18-62 (Static) Productivity Measures−Working Backwards (LO 18-6)
Venice Textiles produces cloth. The inputs are fabric, labor, and
| Fabric price (per bolt) | $ 30.00 |
|---|---|
| Sales price (per bolt) | $ 120.00 |
| Sales revenue | $ 2,160,000 |
| Manufacturing overhead | $ 510,000 |
| Total factor productivity | 1.60 |
| Total labor costs | $ 120,000 |
Required:
Determine the partial fabric (materials) productivity.
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