Answered: help solve the question below; Actual…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter15: Lean Accounting And Productivity Measurement

Section: Chapter Questions

Problem 3CE: In 20x2, Choctaw Company implements a new process affecting labor and materials. The following...

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help solve the question below;

Actual goods produced 100,000 units

Cost of goods K1000/unit

contribution in labour hours 5000hrs

labour rate K900/hr

Cost of raw materials K5,000,000

Cost of equipment K25,000,000

Required

1. State and describe three types of productivities that organisations usually analyse?

2. (i) Calculate, Labour productivity, Materials productivity, and equipment productivity?

(ii) if all these inputs were added together what would be the single total productivity?

3. You have just determined that your service employees have used a total of 3000 hours this week to produce 600 insurance forms. Last week the same crew used 2500 hours of labour to process 500 forms. calculate productivity for

(i) current week

(ii) last week

(iii) is productivity increasing or decreasing?

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