Turnover and Value added

Hello,
Can someone help with this please:
Value added per employee 46000
Cost of material used 1788000
Cost of bought in services 432000
if business has 20 employees calculate the total turnover
if 8000 units were produced calculate the value added per unit produced
thank you
Can someone help with this please:
Value added per employee 46000
Cost of material used 1788000
Cost of bought in services 432000
if business has 20 employees calculate the total turnover
if 8000 units were produced calculate the value added per unit produced
thank you
0
Comments
(46,000 *20) = Total turnover - 1,788,000 - 432,000.
Rearrange to get total turnover = £3,140,000.
Value per unit produced = total value/number of units.
(46,000 * 20)/8000 = £115.00
Currently on CIMA Management Level. Passed P2, F2 and E2. Preparing for November 19 MCS.
Can you please help me with something else.
The product requires 3 hours of labour at a cost of £15 per hour.During the month the company used 1,500 labour hours to produce 450 units and the labour rate variance was £420 favourable.
Calculate the actual labour rate per hour. £
thank you
I'll denote actual price per hour as X.
£420.00 = (£15.00 * 1500) - (X * 1500)
£420 = £22,500 - 1500X
X = £22,080/1500 = £14.72
Currently on CIMA Management Level. Passed P2, F2 and E2. Preparing for November 19 MCS.