I'm not certain where to start with this questionDetermine 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) ProductivityJanuary 400 $5,000 8,000February 350 $3,500 7,000March 450 $6,000 6,000A) State the formulaB) Calculate ProductivityC) Interpret the results

I'm not certain where to start with this questionDetermine 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) ProductivityJanuary 400 $5,000 8,000February 350 $3,500 7,000March 450 $6,000 6,000A) State the formulaB) Calculate ProductivityC) Interpret the results

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 2ED

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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).
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…
I need help filling out the rest of this chart and the formula ofr multifactor productivity. Total Units Total Units Productivity Change in Productivity 2019 2020 2019 2020 Change % Total Revenue (dollars) $1,000,000 $2,100,000 Labor Hours (hours) $12 $15 Materials (units) $5 $6 Capital Costs ($) $25,000 $40,000 Energy (kilowatts) $0.23 $0.23 Total Costs
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok 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 @ $ 1.50 per pound Energy: $ 5,000 per day Capital: $ 10,250 per day a) Labor productivity per labor hour for these tires = enter your response here tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = enter your response here 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 = enter your response here % (enter your response as a percentage rounded to two decimal places).…
As part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmall businesses you are to evaluate are shown at right. The dataare the monthly average of last year and the monthly average thisyear. Determine the multifactor productivity with dollars as thecommon denominator for:a) Last year.b) This year.c) T hen determine the percentage change in productivity for themonthly average last year versus the monthly average this yearon a multi factor basis.+ Labor: $8 per hour+ Capital: 0.83% per month of investment+ Energy: $0.60 per BTU
Given the following information, calculate the multifactor productivity in terms of revenue per multifactor cost. (In other words, use money in the numerator and denominator.)Units produced: 5,000Standard price: $30/unitLabor input: 500 hoursCost of labor: $25/hourCost of materials: $5,000Cost of overhead: 2x labor costA) State the formulaB) Determine the unit of measure for the numeratorC) Determine the unit of measure for the denominatorD) Calculate ProductivityD) Interpret the results
As part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmallbusinesses you are to evaluate are shown at right. The dataarethe monthly average of last year and the monthly average thisyear.Determine the multifactor productivity with dollars as thecommondenominator for: a) Last year. b) This year. c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this yearon a multifactor basis. ◆ Labor: $8 per hour◆ Capital: 0.83% per month of investment◆ Energy: $0.60 per BTU
Factors that may influence the measurement of productivity are a. quality. b. external elements, like the general state of the economy. c. definition of "productivity" in terms of what to measure. d. all of the above. e. all of the above except b.
answer all the questions below and show each and every woorkings You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 show working and formulars used What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.
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.
answer all the questions below You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.
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