2 yield variances a reveal the effect of substitution within a single factor of prod 4309383

2) Yield variances:

A) reveal the effect of substitution within a single factor of production

B) address the productivity of a single component of one factor of production

C) capture both substitutions between factors of production as well as within factors of production

D) reveal the effect of substitution within multiple factors of production

3) Partial productivity multiplied by the quantity of input used results in:

A) expected production

B) budgeted output

C) actual output

D) a ratio

4) ________ measures the relationship between actual inputs used and actual outputs achieved.

A) Total factor productivity

B) Partial productivity

C) Productivity

D) Product yield variance

5) ________ compares the quantity of output produced with the quantity of a single input used.

A) Total factor productivity

B) Partial productivity

C) Productivity

D) Product yield variance

6) Ali Company provided the following information:

A) 0.97 units per gallon

B) 1.02 units per gallon

C) 1.06 units per gallon

D) 1.12 units per gallon

7) Michael Company provided the following information:

A) 0.97 units per gallon

B) 1.02 units per gallon

C) 1.06 units per gallon

D) 1.12 units per gallon

8) Kirk Company provided the following information:

A) 0.32 units per pound

B) 0.33 units per pound

C) 0.40 units per pound

D) 3.16 units per pound

9) Which of the following statements is true?

A) The lower the partial productivity ratio, the greater the productivity.

B) Productivity has increased when the partial productivity is high.

C) Prices of inputs are incorporated in the partial productivity ratio.

D) The partial productivity ratio measures the number of outputs produced per multiple input.

10) What is the direct manufacturing labor partial productivity for Dangerfield Company, assuming 40,000 big and tall sport jackets were produced during 2011 and 160,000 direct manufacturing labor-hours were used?

A) 0.25 unit per direct manufacturing labor-hour

B) 0.50 unit per direct manufacturing labor-hour

C) 0.75 unit per direct manufacturing labor-hour

D) 1.00 unit per direct manufacturing labor-hour

11) What is the direct manufacturing labor partial productivity, assuming 20,000 units were produced during 2011 and 80,000 direct manufacturing labor-hours were used?

A) 0.25 unit per direct manufacturing labor-hour

B) 0.50 unit per direct manufacturing labor-hour

C) 0.75 unit per direct manufacturing labor-hour

D) 1.00 unit per direct manufacturing labor-hour