Please do question 1-2. Thanks 1-1. Tried and True Clothing has opened four new stores in col-lege towns across the state. Data on monthly sales volumeand labor hours are given below. Which store location hasthe highest labor productivity?StoreAnnandale Blacksburg Charlottesville Danville$12,000Sales volume $40,000250$60,000500$25,000Labor hours602001-2. Tried and True's accountant (from Problem 1-1) suggeststhat monthly rent and hourly wage rate also be factoredinto the productivity calculations. Annandale pays thehighest average wage at $6.75 an hour. Blacksburg pays$6.50 an hour, Charlottesville $6, and Danville $5.50. Thecost to rent store space is $1800 a month in Annandale,$2000 a month in Blacksburg, $1200 a month in Char-lottesville, and $800 a month in Danville.a. Which store is most productive?b. Tried and True is not sure it can keep all four stores open.Based on multifactor productivity, which store would youclose? What other factors should be considered?

1-1. Tried and True Clothing has opened four new stores in col- lege towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Store Sales volume $40,000 Annandale Blacksburg Charlottesville Danville $60,000 $12,000 $25,000 Labor hours 250 60 500 200

1-1. Tried and True Clothing has opened four new stores in col- lege towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Store Sales volume $40,000 Annandale Blacksburg Charlottesville Danville $60,000 $12,000 $25,000 Labor hours 250 60 500 200

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 1ED: When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so...

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When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour Raw Material: 20,000 pounds per day @ $1.00 per pound Energy: $5,250 per day Capital: $10,000 per day a) Labor productivity per labor hour for these tires = 2.502.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = 0.02500.0250 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs = nothing% (enter your response as a percentage rounded to two decimal places). Note: calculate the new multifactor productivity to four…
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour Raw Material: 21,000 pounds per day @ $1.00 per pound Energy: $5,000 per day Capital: $10,000 per day a) Labor productivity per labor hour for these tires = 2.52.5 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = 0.02440.0244 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs = nothing% (enter your response as a percentage rounded to two decimal places).
Tried and True Clothing has opened four new stores in col-lege towns across the state. Data on monthly sales volume and labor hours are given below. Which store location hasthe highest labor productivity? Store Annandale Blacksburg Charlottesville DanvilleSales volume $40,000 $12,000 $60,000 $25,000Labor hours 250 60 500 200
Lillian Folk is president of Lakefront Manufacturing, a producer of bicycle tires. Folk makes 1,200 tires per day with the following resources: Labor: 425 hours per day @ $12.50 per hour Raw Material: 20,000 pounds per day @ $1.00 per pound Energy: $5,000 per day Capital: $10,000 per day Labor productivity per labor hour for these tires = ___ tires/labor hour (round your response to two decimal places).
A work group of 10 workers in a certainmonth produced 7200 units of output working 8hr/day for 22 days in the month. Determine thelabor productivity ratio using (a) units of outputper worker-hour and (b) units of output perworker-month. (c) Suppose that in the nextmonth, the same work group produced 6800units but, there were only 20 workdays in themonth. For each productivity measure in (a)and (b), determine the productivity index forthe next month using the prior month as abase.
An air-conditioner factory makes three different types of air-conditioners: the ceiling type, the cassette type and the wall-mounted type. Weekly sales of each type are 2, 4 and 6 pieces, at a price of €350, €450, and €500 each, respectively. The ceiling typecan be assembled in 1.5 hours, the cassette type in 1 hour and thewall-mounted type in 45 minutes. Labour cost is €40 per hour andthe current factory’s multi factor productivity is 2.2. a) Calculate the average cost per air-conditioner based on cur-rent multifactor productivity b) Calculate labor productivity (in euro per hour) for each typeof air-conditionc) Where the company should focus its efforts, based (i) on thelabor productivity, and (ii) on average cost?
Tried and True’s accountant (from Problem 1-1) suggeststhat monthly rent and hourly wage rate also be factoredinto the productivity calculations. Annandale pays thehighest average wage at $6.75 an hour. Blacksburg pays$6.50 an hour, Charlottesville $6, and Danville $5.50. Thecost to rent store space is $1800 a month in Annandale,$2000 a month in Blacksburg, $1200 a month in Charlottesville, and $800 a month in Danville.a. Which store is most productive?b. Tried and True is not sure it can keep all four stores open.Based on multifactor productivity, which store would youclose? What other factors should be considered?
The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.Unit EmployeesCustomersProcessed/DayA 4 36B 5 40C 8 60D 3 20a. Compute the labor productivity and the multifactor productivity for each unit. Use an eighthour day for multifactor productivity.b. Suppose a new, more standardized procedure is to be introduced that will enable each employeeto process one additional customer per day. Compute the expected labor and multifactor productivity rates for each unit.
1. Nasrin, Rashed and Tahmid run a Chocolate manufacturing company. Their productionruns 30-hour per week and they pay $6 per hour to their labors. Material cost is $3.5 per lbs.Machine productivity is 2.5 times weekly labor cost. Overhead is $300 per week. The weeklyproductivity figures are given below:Weeks Output (Units) Labors Material (lbs)1 1400 8 362 1500 9 343 1250 6 334 1300 7 35 a) Compute multi-factor productivity of machine and material for each of the monthsshown for their Chocolate manufacturing firm.b) Compute multi-factor productivity of Labor and Overhead for each of the months shownfor their Chocolate manufacturing firm.c) Compute total productivity measure for each of the months shown for their Chocolatemanufacturing firm.d) What do the productivity figures suggest? undefined
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour Raw Material: 20,000 pounds per day @ $1.00 per pound Energy: $5,250 per day Capital: $10,000 per day a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
Lillian Fok is president of Lakefront Manufacturing,a producer of bicycle tires. Fok makes 1,000 tires per day with thefollowing resources:Labor: 400 hours per day @ $12.50 per hourRaw material: 20,000 pounds per day @ $1 per poundEnergy: $5,000 per dayCapital costs: $10,000 per day What is the labor productivity per labor-hour for these tires atLakefront Manufacturing?b) What is the multifactor productivity for these tires atLakefront Manufacturing?c) What is the percent change in multifactor productivity if Fokcan reduce the energy bill by $1,000 per day without cuttingproduction or changing any other inputs?