Question : 26) ________ the ratio of the quantity of output produced : 1186018

 

26) ________ is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.

A) Total factor productivity

B) Partial productivity

C) Productivity

D) Product yield variance

E) Manufacturing conversion

27) A disadvantage of total factor productivity over partial productivity is that

A) it focuses attention on a single input.

B) it compares multiple physical inputs with outputs.

C) the input is a fixed amount.

D) operations personnel find financial measures more difficult to understand than physical measures.

E) cause and effect relationships are more easily identified.

 

28) Which of the following statements about productivity measures is true?

A) They may only be stated in terms of dollars.

B) Total factor productivity explicitly considers gains from using fewer inputs, not from substituting inputs.

C) Partial productivity measures allow managers to evaluate the effect of input substitutions on overall productivity.

D) It is important to use the results as a starting point for analysis.

E) The productivity measure may not be made for companies with multiple products.

 

29) The average number of student credit hours taught per faculty member is an example of

A) an expected performance measure.

B) a budgeted productivity measure.

C) a standard productivity measure.

D) a partial productivity measure.

E) a total factor productivity measure.

30) Frazier Company provided the following information:

 

Budgeted input

19,500 litres

Actual input

17,900 litres

Budgeted production

20,000 units

Actual production

19,000 units

 

What is the partial productivity ratio?

A) 0.94 unit per litre

B) 1.03 units per litre

C) 1.06 units per litre

D) 0.98 units per litre

E) 1.09 units per litre

 

31) Germaine Company provided the following information.

 

Budgeted input

9,750 litres

Actual input

8,950 litres

Budgeted production

10,000 units

Actual production

9,500 units

 

What is the partial productivity ratio?

A) 0.97 unit per litre

B) 1.02 units per litre

C) 1.06 units per litre

D) 1.12 units per litre

E) 1.71 units per litre

32) Vinetta Ltd. provided the following information:

 

Budgeted input

18,000 litres

Actual input

17,200 litres

Budgeted production

32,000 units

Actual production

30,000 units

 

What is the partial productivity ratio?

A) 1.78 unit per litre

B) 1.74 units per litre

C) 0.57 units per litre

D) 0.56 units per litre

E) 1.67 units per litre

 

33) Justine Ltd. provided the following information.

 

Budgeted input

173,600 kilograms

Actual input

180,000 kilograms

Budgeted production

125,000 units

Actual production

135,000 units

 

What is the partial productivity ratio?

A) 0.72 unit per kilogram

B) 0.75 units per kilogram

C) 1.34 units per kilogram

D) 1.12 units per kilogram

E) 0.78 units per kilogram

34) Power Company has been unhappy with the financial accounting variances that its cost accounting system has been producing, because its managers believe that there is more to evaluating an operation than just examining accounting numbers. Therefore, it has started gathering data to assist in the examination of nonfinancial results of operations. The following information relates to the manufacture of remote control units for televisions, radios, and stereo components.

 

Year 1Year 2

Remote control units produced and sold40,00050,000

Direct manufacture labour-hours6,0006,600

Direct materials used (sets) 40,30050,250

Direct manufacture cost per hour$18$20

Direct materials cost per set$31$32

 

Required:

a.What is the partial productivity of direct materials for each year?

b.What is the partial productivity of direct manufacturing labour for each year?

c.Did each area improve between year 1 and year 2? Explain.

d.What will be the projected direct material and labour needs for year 3 if remote control units increase by 6,000 units, assuming Power Company applies the constant returns to scale technology?

 

 

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