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Student_Sol15_4e

# Student_Sol15_4e - 5-29 RequirementsCarry all computations...

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Unformatted text preview: 5-29 RequirementsCarry all computations to four digits after the decimal point.1. Compute the partial financial productivity for both manufacturing factors for 2006 and 2007.2. Calculate RFD’s total productivity in units per dollar in 2006 and 2007.3. Evaluate management’s decision in 2007 to substitute one production factor for another.Solution15-30 Requirements1. Calculate the partial operational productivity ratio for both years.2. Calculate the partial financial productivity ratio for both years.3. Did the firm make the right decision to hire only software engineers with at least two years’ experience?4. List other factors that should be considered in making the decision.Solution1. Operational partial productivity2006:100002007:135002. Fiancial partial productivity20060.222 20070.225 3. Hiring of engineers with two years’ experience increased financial partial productivity slightly. Although the firm paid the experienced engineers higher salaries, on average each of these engineers was able to answer more calls than newly graduated engineers.Experienced engineers are likely to provide better services in quality and quick response than those provided by new graduates and customers are likely to be more satisfied with the services the firm provided when the firm staffed with experienced engineers. Unfortunately, productivity measures provide no measure on the quality of services. 4. Among other factors that the firm needs to consider are:• quality of the service provided• customer satisfaction• continuing availability of engineers• average length of time on the job• training cost• need for supervisionanufacturing, the focus is on reducing waste and overproduction onsider the types of firms that must rely on lean manufacturing to achieve their strategy. ms, such as those that manufacture commodities or have intense price competition in the iuse lean manufacturing to be competitive.ow does the Toyota system (TPS) work? The main elements of TPS are 1) a long term focus on relationships with suppliers, and coordination with these suppliers, 2) an emphasis on balanced, continuous flow manufacturing, with stable production levels,3) continuous improvement in product design and manufacturing processes with the objectaste, and over-production, and ) flexible manufacturing systems in which different products are produced on the same assployees are trained for a variety of tasks. hat is the role of seasonal and cyclical patterns in sales; are certain periods likely to haveoductivity because of patterns that produce predictable low (or high) levels of capacity usaurce:Karen M Kroll, “The Lowdown on Lean Accounting,” Journal of Accountancy, July15-33 RequirementsCompute these for the show:1. The budgeted and actual sales mix percentages for different2. The budgeted average contribution margin per seat....
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Student_Sol15_4e - 5-29 RequirementsCarry all computations...

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