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Social ScienceApex Brothers builds birdhouses for its customers. The average birdhouse is priced at $30. Labor costs for a birdhouse average $10 per birdhouse, material costs average $3 per birdhouse, and overhead costs average $5 per birdhousea.What is the labor productivity?b.What is the materials productivity?c.What is the total productivity?
Apex Brothers builds birdhouses for its customers. The average birdhouse is priced at $30. Labor costs for a birdhouse average $10 per birdhouse, material costs average $3 per birdhouse, and overhead costs average $5 per birdhouse
a.What is the labor productivity?
b.What is the materials productivity?
c.What is the total productivity?
Expert Answer
Step1: Calculating the value of labour productivity. We have,
Labour productivity is the ratio of output to labour input. The formula of labour productivity is as follow:
Labour productivity = Value of output / Value of labour inputs
Here,
Value of output = $ 30
Value of labour input = $ 10
By substituting these value in the above formula. We get;
Labour productivity = $ 30 / $ 10
Labour productivity = 3 times
Therefore, the labour productivity for output shall be 3 times.
Step2: Calculating the value of material productivity. We have,
Material productivity is the ratio of output to material input. The formula of material productivity is as follow:
Material Productivity = Value of output / Value of material input
Here,
Value of output = $ 30
Value of materi...
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