Fundamentals Of Cost Accounting (6th Edition)
6th Edition
ISBN: 9781259969478
Author: WILLIAM LANEN, Shannon Anderson, Michael Maher
Publisher: McGraw Hill Education
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Chapter 18, Problem 39E
Partial Productivity Measures
As the cost
Required
- a. Compute the partial productivity measures for labor for year 1 and year 2.
- b. Compute the partial productivity measures for material for year 1 and year 2.
- c. Comment on the results. Have the efficiency improvement programs resulted in greater productivity?
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Required: 1. Allocate the HR costs to each producing department for Year 1 and Year 2 using the direct method with actual direct labor hours and actual HR costs. 2. Discuss the following statement: “The costs of human resource-related matters increased by 25 percent for Department A and decreased by over 16 percent for Department B. Thus, the manager of Department B must be controlling HR costs better than the manager of Department A.” Which of the four data analytic types—descriptive, diagnostic, predictive, or prescriptive—is used to determine how well the managers are controlling human resources costs. (See Exhibits 2.5 and 2.6, pp. 37, 40, for a review of data analytic types.) 3. Can you think of a way to allocate HR costs so that a more reasonable and fair assessment of cost control can be made? Explain
As the cost accounting manager at Cambria Chemicals (CC). you are responsible for compiling and reporting various performance
measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked
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Gallons input (thousands)
Labor-hours (thousands)
Year 2
9,900
9, 200
11,700
Year 1
8,900
6,800
9,700
Gallons of out put (thousands)
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Year 2
Cost of inputs (per gallon)
Wage rate (per hour)
Total manufacturing overhead
Selling price of output (per gallon)
77 $
23
$1,360,000
380
Year 1
90
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$1,190,000
385
%24
Required:
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(Round your answers to 3 decimal places.)
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You are working as a manager accountant for a retail company which markets and sells two products product 1 and product 2. The following information is available for last year. The actual fixed product overheads for the same period were 95000 and fixed administration overheads were 25000.
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Please donot provide solution in image format provide solution in step by step format and fast solution
Chapter 18 Solutions
Fundamentals Of Cost Accounting (6th Edition)
Ch. 18 - Why is it important for management accountants to...Ch. 18 - A balanced scorecard is a set of two or more...Ch. 18 - What is a business model?Ch. 18 - What are the advantages of financial measures of...Ch. 18 - Prob. 5RQCh. 18 - Why do effective performance evaluation systems...Ch. 18 - What is benchmarking?Ch. 18 - Prob. 8RQCh. 18 - Prob. 9RQCh. 18 - Prob. 10RQ
Ch. 18 - Prob. 11RQCh. 18 - Prob. 12RQCh. 18 - Prob. 13RQCh. 18 - Prob. 14RQCh. 18 - Prob. 15RQCh. 18 - Prob. 16CADQCh. 18 - Prob. 17CADQCh. 18 - Prob. 18CADQCh. 18 - Prob. 19CADQCh. 18 - Prob. 20CADQCh. 18 - Prob. 21CADQCh. 18 - Prob. 22CADQCh. 18 - Prob. 23CADQCh. 18 - Prob. 24CADQCh. 18 - Strategy and Management Accounting Systems Joes...Ch. 18 - Business Strategy Classification Consider the...Ch. 18 - Prob. 27ECh. 18 - Prob. 28ECh. 18 - Prob. 29ECh. 18 - Prob. 30ECh. 18 - Balanced Scorecards and Strategy Maps Crane...Ch. 18 - TechMasters, Inc., has the following mission...Ch. 18 - Benchmarks Match each of the following specific...Ch. 18 - Benchmarks Match each of the following specific...Ch. 18 - Prob. 35ECh. 18 - Manufacturing Cycle Time and Efficiency Bell ...Ch. 18 - Prob. 37ECh. 18 - Partial Productivity Measures Looking for cost...Ch. 18 - Partial Productivity Measures As the cost...Ch. 18 - Prob. 40ECh. 18 - Prob. 41ECh. 18 - Specifying Nonfinancial Measures Write a memo to...Ch. 18 - Manufacturing Cycle Time and Efficiency A...Ch. 18 - Prob. 44ECh. 18 - Core Assets and Capabilities Consider the...Ch. 18 - Write a memo discussing the advantages of each...Ch. 18 - Balanced Scorecards and Strategy Maps Hill Street...Ch. 18 - Balanced Scorecards and Strategy Maps Monroe...Ch. 18 - Benchmarks Write a report to the CEO of Delta...Ch. 18 - Prob. 50PCh. 18 - Performance Measures, Drawing a Business Model...Ch. 18 - Performance Measures, Drawing a Business Model...Ch. 18 - Functional Measures Write a report to the...Ch. 18 - Prob. 54PCh. 18 - Operational Performance Measures Zuma Company...Ch. 18 - Objective and Subjective Performance Measures A...Ch. 18 - Operational Performance Measures Mid-States Metal...Ch. 18 - Prob. 58PCh. 18 - Prob. 59PCh. 18 - Prob. 60PCh. 18 - Balanced Scorecards and Strategy Maps Following...
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