Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources:D400 hours per day @$12.00 per hour21,000 pounds per day @ $1.00 per pound$5,250 per day$10,250 per daya) Labor productivity per labor hour for these tires = 3 tires/labor hour (round your response to two decimal places).b) Multifactor productivity for these tires= 0.0291 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 as a percentage rounded to two decimal places).Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.Labor:Raw Material:Energy:Capital:

Multifactor productivity=OutputTotal cost of…

Answered: Lillian Fok is president of Lakefront…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

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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 thefollowing resources:Labor: 400 hours per day @ $12.50 per hourRaw material: 20,000 pounds per day @ $1 per poundEnergy: $5,000 per dayCapital costs: $10,000 per day What is the labor productivity per labor-hour for these tires atLakefront Manufacturing?b) What is the multifactor productivity for these tires atLakefront Manufacturing?c) What is the percent change in multifactor productivity if Fokcan reduce the energy bill by $1,000 per day without cuttingproduction or changing any other inputs?
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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 @ $12.00 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…
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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).

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