Develope a productivity measure for a product that utilizes labor machine time, Raw materials and purchased materials, assure 10,000 units are produced in 400 hours and are sold for $ 11/ unit. The labor rate is 10 $ /unit , the cost of the raw mater Is $ 5000 and the cost of purchased materials is $ 21,000.
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Develope a productivity measure for a product that utilizes labor machine time, Raw materials and purchased materials, assure 10,000 units are produced in 400 hours and are sold for $ 11/ unit. The labor rate is 10 $ /unit , the cost of the raw mater Is $ 5000 and the cost of purchased materials is $ 21,000.
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- Develope a productivity measure for a product that utilizes labor machine time, raw materials and purchased materials. Assume 10,000 units are produced in 400 hours and are sold for $ 11/ unit. The labor rate is $ 10/ unit, the cost of the raw materials is $ 5500 and the cost of purchased materials is $ 21,500.A factory produces 7,500 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,050, material cost is $5,200, and overhead cost is 15% of the material cost. Compute the different productivity measure you can conclude, and specify who may be interested in each measure.Kleen Karpets cleaned 5000 square feet of rugs last month, consuming 400 hours of labor at $10 per hour, 100 gallons of solvent at $5 per gallon, and 20 days of machine rental at $25 per day. What is the multifactor productivity for the month as measured by square feet of rugs per dollar spent?
- Steve is a marketing intern at Home-Style Cookies. One of Steve’s responsibilities is to set up a booth at assigned grocery stores to hand out cookie samples to increase sales. Last Monday, Steve handed out 800 samples in 8 hours. On Friday, Steve was training a new intern, Mike, and together they handed out 800 samples in 5 hours. Calculate the labor productivity for each day; provide your answers. For which day was the labor productivity higher? What are some possible reasons for the productivity differences?White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit.a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70, and overhead, $50). The sales price is $300 per unit. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced?
- 32 - A hamburger factory produces 60,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? 154 hamburgers/dollar 195 hamburgers/dollar 338 hamburgers/dollar 236 hamburgers/dollarProductivity can be measured in a variety of ways, such as labels, capital energy, material usage, and so on. Mr Warren, a noted producer of apple pies sold to supermarkets, has been able with his urgent equipment to produce 24 pies per bushel of apples. He currently purchases 100 bushels per day, and each bushel required 3 labor hours to proceed. He believed that he can hire a professional food broker, who can buy a better quality apple at the same cost. If this is the case, he can increase his production to 26 pies per bushel. His labor hours will increase by 8 hours per day. What will be the impact on productivity (pies per labour hour) if the food broker is hired? Compute and explain.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?
- Alyssa's Custom Cakes currently sells 44 birthday, 22 wedding, and 22 specialty cakes each month for $5050, $150150, and $100100 each, respectively. Alyssa's current multifactor productivity ratio is 1.351.35. Part 2 a. Assuming each cake costs the same to make, the average cost to produce a cake is $enter your response here per cake. (Enter your response rounded to two decimal places.)a) Last week employees at Bluegill produced 46 chairs after working a total of 200hours. Of the 46 chairs produced, 12 were damaged due to a problem with thenew sanding machine. The damaged chairs can be discounted and sold for K250each. The undamaged chairs are sold to a department store retail chain for $700each.(i) What was the labor productivity ratio for last week? (ii) If labor productivity was $150 in sales per hour the previous week, whatwas the change in labor productivity as a percentage?b) In the bakery, the design capacity is 30 pies per day and effective capacity is 20pies per day. Currently, the bakery is producing 27 pies per day. What is thebakery’s capacity utilization relative to both design and effective capacity?Explain the meaning of the saying that productivity is a relative measure briefly .