Exercise : Productivity Calculation1) JayB Clothing has opened four new stores in college towns across the state.Data on monthly sales volume and labor hours are given below. Which storelocation has the highest labor productivity?StoreKangarBeseriArauKuala PerlisSales Volume RM40,000RM12,000RM60,000RM25,000Labor Hours250605002002) JayB Clothing’s accountant (from problem 1) suggests that monthly rent andhourly wage rate also be factored into the productivity calculations. Kangarpays the highest average wage at RM5.70 an hour; Beseri pays RM5.50 an hour;Arau RM5 and Kuala Perlis RM4.50. The cost to rent store space is aboutRM1,600 a month in Kangar, RM2,100 in Beseri, RM1,000 a month in Arauand RM800 a month in Kuala Perlis. Which store is most productive?3) JayB Clothing is not sure it can keep all stores open. Based on multifactorproductivity, which store would you close?

PRODUCTIVITY = OUTPUT/INPUT USED Productivity can be single-factor productivity or multifactor…

Answered: 1) JayB Clothing has opened four new…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. Week Output (units) Worker Material (lbs.) 1 2 3 4 30,000 33,600 32,200 35,400 6 7 7 8 450 470 460 480 Compute the multifactor productivity measure for each of the four weeks. What do the figures suggest? Compute the productivity growth from week 1 to week 4.
1. JJ Boutique has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? 2. JJ Boutique’s accountant (from problem 1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Store A pays the highest average wage at $5.70 an hour; Store B pays $5.50 an hour; Stare C $5 and Store D $4.50. The cost to rent store space is about $1,600 a month in Store A, $2,100 in Store B, $1,000 a month in Store C and $800 a month in Store D. Which store is most productive? 3. JJ Boutique is not sure it can keep all stores open. Based on multifactor productivity, which store would you close?
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Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,000 per class, material costs are $20 per student per class, and overhead costs are $25,000 per class. What is the multifactor productivity ratio for this course process? If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 students, what is the labor productivity ratio?
Please do not give solution in image format thanku Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT 49,500 cages Sales price: $3.50 per unit INPUT Production time 632 labor hours Wages $ 7.50 per hour Raw materials (total cost) $30,000 Component parts (total cost) $15,350 Find the total productivity in units sold and dollars of sales per dollar input. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are $25,000 per class. a. What is the multifactor productivity ratio for this course process? b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 students, what is the labor productivity ratio?
A caterer prepares 2,000 meals for a client’ company event consuming the following resources: Labor → 6 hours @ $20 per hour Materials → $8 per meal Beverages → $4 per meal What is labor productivity? What is the multifactor productivity? To produce 2,000 pieces of luggage, a leather goods firm spends $1,000 on labor and $500 on materials. What is productivity? If the firms can increase production to 2,200 pieces of luggage with the same labor and material cost, what is the productivity? What is the percentage change? If the labor cost is reduced to $800 and materials increased to $600, what is the productivity to produce 2,200 pieces of luggage? An accounting firm can produce 8 monthly reports in three 8-hour shifts. What is the productivity of this firm? If this firm hires two additional workers, what would be the productivity of this firm? What is the percentage of productivity gain?
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Alyssa’s Custom Cakes currently sells 5 birthday, 2 wedding, and 3 specialty cakes each month for $50, $150, and $100 each, respectively. The cost of labor is $50 per hour including benefits. It takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake. Alyssa’s current multifactor productivity ratio is 1.25. a. Use the multifactor productivity ratio provided to calculate the average cost of the cakes produced. b. Calculate Alyssa’s labor productivity ratio in dollars per hour for each type of cake.c. Based solely on the labor productivity ratio, which cake should Alyssa try to sell the most? d. Based on your answer in part (a), is there a type of cake Alyssa should stop selling?
Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by $80 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,200per class, materials costs are $18 per student per class, and overhead costs are $24,000 per class. The multifactor productivity ratio currently is 1.34and the labor productivity ratio is $174.11per hour if the instructors work on an average of 14 hours per week for 16 weeks for each 3-creditclass of 50 students. Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $35,000per class section from the current $24,000 per class section. The university's…

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1) JayB Clothing has opened four new stores in college 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 RM40 000 Kangar Beseri Arau Kuala Perlis RM12 000 RM60 000 RM25 000