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1
Which of the following is NOT a key determinant of productivity for most organizations?
A)Control of waste
B)Control of labor costs
C)Product process innovation
D)Manufacturing process innovation
E)All of the above are key determinants of productivity.
2
Productivity falls when there is:
A)less output with more input.
B)less output with less input.
C)the same output with more constraints.
D)more output with the same input.
E)more output with more input.
3
A partial productivity measure has several limitations, including that:
A)it ignores any productivity effect caused by other manufacturing factor quantity changes.
B)it ignores any effect that changes in the production factor have on productivity.
C)it ignores any effect that changes in operating characteristics of the firm may have on the productivity of the input resource.
D)no efficiency standard is involved in partial productivity measures.
E)all of the above answers are correct.
4
Junior's Tractor Company manufactures fuel-injection systems. It manufactured and sold 120,000 units in the prior year and 128,000 units in the current year at $12.50 per unit. In the prior year, the firm used 150,000 pounds of material A at $3.60 per pound and used 20,000 direct labor-hours at an hourly wage rate of $15. In the current year, the firm used 179,200 pounds of material A at $3.40 per pound and used 21,694 direct labor-hours at an hourly wage of $16. The total amount of all other expenses remains the same at $450,000 each year. Bert Hoover, CEO, was disappointed that although the total sales increased in the current year, the $195,616 operating income earned in the current year is only 93 percent of the amount earned in the prior year, which was $210,000.

What is the partial operational productivity of the direct material for the current year?

A)0.7143
B)5.9002
C)0.2101
D)0.3688
E)0.8000
5
Junior's Tractor Company manufactures fuel-injection systems. It manufactured and sold 120,000 units in the prior year and 128,000 units in the current year at $12.50 per unit. In the prior year, the firm used 150,000 pounds of material A at $3.60 per pound and used 20,000 direct labor-hours at an hourly wage rate of $15. In the current year, the firm used 179,200 pounds of material A at $3.40 per pound and used 21,694 direct labor-hours at an hourly wage of $16. The total amount of all other expenses remains the same at $450,000 each year. Bert Hoover, CEO, was disappointed that although the total sales increased in the current year, the $195,616 operating income earned in the current year is only 93 percent of the amount earned in the prior year, which was $210,000.

What is the partial operational productivity of direct labor for the current year?

A)0.7143
B)5.9002
C)0.2101
D)0.3688
E)6.0000
6
Junior's Tractor Company manufactures fuel-injection systems. It manufactured and sold 120,000 units in the prior year and 128,000 units in the current year at $12.50 per unit. In the prior year, the firm used 150,000 pounds of material A at $3.60 per pound and used 20,000 direct labor-hours at an hourly wage rate of $15. In the current year, the firm used 179,200 pounds of material A at $3.40 per pound and used 21,694 direct labor-hours at an hourly wage of $16. The total amount of all other expenses remains the same at $450,000 each year. Bert Hoover, CEO, was disappointed that although the total sales increased in the current year, the $195,616 operating income earned in the current year is only 93 percent of the amount earned in the prior year, which was $210,000.

What is the partial financial productivity of direct material for the current year?

A)0.7143
B)5.9002
C)0.2101
D)0.3688
E)0.2222
7
Junior's Tractor Company manufactures fuel-injection systems. It manufactured and sold 120,000 units in the prior year and 128,000 units in the current year at $12.50 per unit. In the prior year, the firm used 150,000 pounds of material A at $3.60 per pound and used 20,000 direct labor-hours at an hourly wage rate of $15. In the current year, the firm used 179,200 pounds of material A at $3.40 per pound and used 21,694 direct labor-hours at an hourly wage of $16. The total amount of all other expenses remains the same at $450,000 each year. Bert Hoover, CEO, was disappointed that although the total sales increased in the current year, the $195,616 operating income earned in the current year is only 93 percent of the amount earned in the prior year, which was $210,000.

What is the partial financial productivity of direct labor for the current year?

A)0.7143
B)5.9002
C)0.2101
D)0.3688
E)0.4000
8
The sales quantity variance is further divided into:
A)selling price and sales volume variance.
B)sales mix and sales volume variances.
C)not further divided.
D)market share and market size variances.
E)sales mix and selling price variances.
9
Hoppen Corporation produces two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078025532/966413/Ch16_q9_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (30.0K)</a>


Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,500,000 units.

The total flexible budget contribution margin variance is:
A)$2,900 favorable.
B)$18,200 unfavorable.
C)$19,000 favorable.
D)$21,100 favorable.
E)$23,200 unfavorable.
10
Hoppen Corporation produces two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078025532/966413/Ch16_q10_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (30.0K)</a>


Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,500,000 units.

The total sales quantity variance is:
A)$53,960 favorable.
B)$48,640 favorable.
C)$47,595 favorable.
D)$42,250 favorable.
E)$18,200 favorable.
11
Hoppen Corporation produces two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078025532/966413/Ch16_q11_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (30.0K)</a>


Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,500,000 units.

The budgeted average unit contribution margin is:
A)$4.45.
B)$4.50.
C)$5.09.
D)$5.68.
E)$5.97.
12
Hoppen Corporation produces two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078025532/966413/Ch16_q12_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (30.0K)</a>


Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,500,000 units.

The market share variance is:
A)$93,450 unfavorable.
B)$119,280 unfavorable.
C)$124,600 unfavorable.
D)$125,300 unfavorable.
E)$159,040 unfavorable.
13
Hoppen Corporation produces two products that it sells to the same market. Excerpted below are its budgeted and actual operating results for the year just completed.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0078025532/966413/Ch16_q13_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (30.0K)</a>


Industry volume was estimated to be 1,875,000 units at the time the budget was prepared. Actual industry volume for the period was 2,500,000 units.

The market size variance is:
A)$135,725 favorable
B)$166,875 favorable
C)$173,240 favorable
D)$167,500 favorable
E)$213,000 favorable
14
The market size variance and market share variance measure, respectively, the effect on operating income of changes:
A)in the total market sizes of the firm's product and of a firm's proportion of the total market.
B)of a firm's proportion of the total market and in the total market sizes of a firms product.
C)in management's strategy.
D)in percentage and in dollars.
E)in total and in part.
15
A common application of sales performance analysis is to decompose the difference between:
A)the current sales and budgeted sales for last year.
B)the current sales and prior year sales.
C)the budgeted sales for this year with actual sales from last year.
D)the current sales and budgeted sales for next year.
E)Both A and B are correct.





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