Question
Asked Jan 16, 2019
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I'm not certain where to start with this question

Determine the productivity for each month. Assume labor costs $10.00 / hour and each unit sells for $25.00.
Month Labor (hours) Material costs Output (units) Productivity
January 400 $5,000 8,000
February 350 $3,500 7,000
March 450 $6,000 6,000

A) State the formula

B) Calculate Productivity

C) Interpret the results

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Expert Answer

Step 1

consider given data:

Month Cost of labourcost of materialoutput
January400$50008000
February350$35007000
March450$60005000
Step 2

Formula for productivity is given below

Productivity=output/Input

so first we have to consider the productivity for january month

Productivity=8000/(400+5000)

                             =1.48

similarly consider February:

Productivity=7000/(350+3500)

       ...

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