b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.) Multifactor productivity U.S. LDC
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- Coffee RoasteryFocused on keeping its entire supply chain green, the roastery carefully selects the suppliers from whom it sourcescoffee beans. It works directly with farms and farm cooperatives, who are accredited as treating their farmers andemployees fairly and ethically. Approximately 50% of the roastery’s output is used by BB’s academy and coffee bars,ensuring a continued green chain across its businesses. In 2020, the coffee roasting unit produced 4500 tonnes andcontributed 15% of BB’s total revenue. The sustainability positioning has differentiated BB from its peers, and helpedit earn collaborations with socially responsible corporates. Best of all, there is now capacity to expand production toaround 18,000 tonnes at the roastery and start exporting roasted coffee beans to other countries.At present, the roastery is roasting 100% Arabica beans. The average wholesale price BB is able to sell the Arabicabeans for in 2021 is US$3.10, down from US$4.42 in 2014. However, projections…Classify each of the following cost items as mostly fixed or variable:a. Raw materialsd. Administrative salaries g. Direct laborj. Rentb. Depreciatione. Insurance (building & equipment) h. Suppliesk. Payroll Taxesc. Clerical salariesf. Property taxesi. Sales commissionsl. Interest on borrowed moneyJayZee is the new sensation in the fashion industry, his cloth line is being appreciated and liked by the masses. Due to increased demand he decided to hire more labour (variable factor) while it is not possible for him to extend his warehouse size. If he hires you as an expert to ensure maximum profits with following information, take the best decisions, solve all the parts and their subparts. Total Product Units of Capital Units of Labour 0 5 0 100 5 1 240 5 2 400 5 3 500 5 4 560 5 5 570 5 6 570 5 7 520 5 8 460 5 9 1. Find: AP, MP and TR (show calculation)2. Find: i. Identify the three stages of production. ii. Construct the curves of TP, MP and AP. iii. Suggest how many labour should JayZee hire and why.
- JayZee is the new sensation in the fashion industry, his cloth line is being appreciated and liked by the masses. Due to increased demand he decided to hire more labour (variable factor) while it is not possible for him to extend his warehouse size. If he hires you as an expert to ensure maximum profits with following information, take the best decisions, solve all the parts and their subparts as well. Total Product Units of Capital Units of Labour 0 5 0 100 5 1 240 5 2 400 5 3 500 5 4 560 5 5 570 5 6 570 5 7 520 5 8 460 5 9 1. Find: AP, MP and TR (show calculation)2. Find: i. Identify the three stages of production. ii. Construct the curves of TP, MP and AP. iii. Suggest how many labour should JayZee hire and why.The revenue cost statement for a popular grocery store owned and operated by John Mathew is presented below; John Mathew owns and operates a corner grocery store.John works full time as the manager, chief cashier, and janitor.John had $ 140,000 worth of refrigeration and other equipment invested in the store. Last year, John's total sales (revenue)were 180,000. During the the year he incurred the following costs: Groceries wholesale $ 76,000, Utilities $ 4000 Taxes$ 5000, Advertising $ 2000, Labor services $ 12000. If John had invested his funds he would have earned 5% interest. (Interest foregone on the $140,000* 5%) Do not include the investment of $ 140,000, only the interest forgone. If the building that John owned was not being used as a grocery store , it could be rented for $ 1000 a month. (Rental income is thus forgone.). In addition, since John is tied up working in the the grocery store a $ 50,000 managerial position with the local jewel is gone.( Salary forgone) Calculate…Calculate the multifactor productivity in dollars per dollar for the following: 6660 units produced, sold for $1.05/unit Cost of labor: $900 Cost of materials: $190 Overhead: $1950
- Which of the following costs would not be included as part of manufacturing overhead? (A) supplies for the office workers (B) Insurance on production equipment (C) Depreciation of product equipment (D) Direct labor costsConsider a firm that manufactures shoes. It sold 100 pairs of shoes at a price of 100 pesos per pair. Its production cost per pair is 90 pesos. Half of the production costs are for capital and labor while the remainder represents purchases of materials from other firms. Calculate the firm’s value added. Show all calculations.Classify each of the following cost items as mostly fixed or variable1. Raw materials2. Direct Labor3. Depreciation4. Supplies5. Utilities6. Property taxes7. Interest on borrowed money8. Administrative salaries9. Payroll taxes10. Insurance (building and equipment)11. Clerical salaries12. Sales Commissions13. Rent
- List out the major factors of production (input factors used) in a cement factory.Please show your computations using good accounting form through excel. Thank you! Problem: Average with Lost Units What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?Complete the Table: Capital (K) Labor (L) Total Product Average Product Marginal Product (TP) (AP) (MP) 1 1 10 10 10 1222 12 1 3 37 12.33 14 12.2512 1558 9 1 6 64 10.67 1 7 9.57 3 1 8 67 8.38 1964 -3 110 5.8-6