7 Martin Manufacturing has implemented several programs to improve its productivity. They haveasked you to evaluate the firm's productivity by comparing this year's performance with last year's.The following data are available.Last YearThis YearOutput10,500 units12,100 unitsLabor$12,000$7,600$83,000$13,200Utilities$8,250Capital$88,000a. What is the percent change in labor productivity this year vs. last year?7.69%b. What is the percent change in utilities productivity this year vs. last year?6.52%c. What is the percent change in capital investment's productivity this year vs. last?[ Select ]d. What is the overall multi-factor productivity for last year? [ Select]e. What is the overall multi-factor productivity this year? [Select]f. What is the multi-factor percent change this year vs. last year? ( Select]>

New product development in business and engineering refers to the entire process of launching a…

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Practical Management Science

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Martin Manufacturing has implemented several programs to improve its productivity. Theyhave asked you to evaluate the firm's productivity by comparing this year's performance with lastyear's. The following data are available:Last Year This yearOutput 10,500 units 12,100 unitsLabour hours 12,100 units 13,200Utilities 7,600 8,250Capital 83,000 88,000Has Martin Manufacturing improved its productivity during the past year?
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).…
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).
Explain the meaning of the saying that productivity is a relative measure briefly .
As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year. Labor: $8 per hour; Capital: 0.843% per month of investment; Energy: $0.60 per BTU. LAST YEAR THIS YEAR Production (dozen) 1,500 1,500 Labor (hours) 350 325 Capital investment ($) 15,000 18,000 Energy (BTU) 3,000 2,700 a) Determine the multifactor productivity with dollars as the common denominator for last year. The multifactor…
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
SUPPOSE THAT You are hired as an operations manager for an organization which is having some problems, and you are supposed to help them to put things back on track. In order to do so, there are a number of decisions you have to take regarding the following issue: Productivity: You found that the productivity is declining the past two years at your organization. Measure the multifactor productivity for the current period and compare it to the previous period. Comment on your results showing what might lead to decreasing the productivity and show how can you improve the productivity at your organization. You are supposed to estimate the all the needed numbers.
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
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/dollar
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: 21,000 pounds per day @ $1.00 per pound Energy: $5,250 per day Capital: $10,250 per day Part 2 a) Labor productivity per labor hour for these tires = ?tires/labor hour (round your response to two decimal places). Part 3 b) Multifactor productivity for these tires = ?tires/dollar (round your response to four 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 = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
Various financial data for InMotion Manufacturing for 2013 & 2014 follow (in 1000s).                   2013 2014 Output: Sales $1432 $1765 Inputs: Labor $40 $41 Raw Materials $45 $61 Energy $9 $11 Capital Expenses $137 $187 Other $3 $6 What is the percentage change in InMotion’s total productivity measure from 2013 to 2014? Give your answer in decimal form to 3 decimal places. For example, 0.051 and NOT 5.10%. Also, indicate a negative change like -0.051 if needed.

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