Productivity is defined as the ratio of input to output. O True O Failse
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- Apex Brothers builds birdhouses for its customers. The average birdhouse is priced at $30. Labor costs for a birdhouse average $10 per birdhouse, material costs average $3 per birdhouse, and overhead costs average $5 per birdhousea.What is the labor productivity?b.What is the materials productivity?c.What is the total productivity?A shoe factory produces 95,000 shoes each week. The equipment used costs $15,000 and will remain productive for three years. The labor cost per year is $16,000. What is the productivity measure of “units of output per dollar of input” averaged over the three-year period? Hint: Productivity = total units produced divided by the total labor cost plus total equipment costA dressmaker manufactures fashionable clothing. In a specific week, employees worked 360 hours to produce a batch of 132 garments, 52 of which were “second” (defective), which will be sold for $ 90 each in the store for factory sales. The remaining 80 garments will be sold to retail distributors at a price of $ 200 each. What is the labor productivity ratio?
- In a furniture manufacturing factory, employees assembled an average of standard dining chairs per five-day week. Which one of the following is closest to the labor productivity of this operation (chairs/worker/day)? Select one: a. 17 b. 11 c. 14 d. 10A paper factory produces 70,000 paper 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? a. 228 b. 229 c. 230 d. 231 e. 232Susan Williams runs a small Flagstaff job shop where garments are made. The job shop employs eight workers. Each worker is paid $8 per hour. During the first week of March, each worker worked 45 hours. Together, they produced a batch of 156 garments. Of these garments, 54 were 'seconds' (meaning that they were flawed). The seconds were sold for $100 each at a factory outlet store. The remaining 102 garments were sold to retail outlets at a price of $198 per garment. What was the labor productivity, in dollars per labor-hour, at this job shop during the first week of March? Labor productivity =______ dollars/labor hour (round your response to two decimal places). Please don't just send the answer, I need to know how to do this. Thanks
- If we replace the notion of “output” with “useful output” and measure productivity, the chances of discovering “Productivity Paradox” is higher in the long run. A)True B)FalseA tire manufacturer produces auto tires.It currently produces 740 tires each 8 - hour shift. If the production is increased to 1150 tires each shift, the productivity increases by : a. 27% b. 22.2% c. 111% d. 55%Consider the information given below. Output Inputs 330,000 units 6,400 labor hours @ $15.00 per hour Sales price = $1,244.00/unit Material cost = $38,875,000 Utilities cost = $4,200 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places. Labor productivity:--------------- $/labor$ Material productivity: ------------ $/material$ Utilities productivity: ---------- $/utility$ Total productivity: ---------- $/input$
- Apple computers are interested in measuring productivity of all Apple's products with respect to all inputs be calculated. Keeping in mind that Apple produces a wide range of electronic products, such as, phone, laptops, smart watches, etc with different inputs, the productivity measure calculated is an example of single factor productivity: Oa Truc Ob FalseThe manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $22 per hour. The wholesale cost of lumber to the company is $9 per square foot, and the company charges its customers $25 per square foot of flooring installed. Overhead rate is 100% a) using the best formula to determine labor productivity, calculate labor productivity for each of the weeks b) calculate multifactor productivity for each week using the dollar revenue of flooring installed in the numerator week crew size lumber used flooring installed week 1 4 480 420 week 2 3 371 325As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year. Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700 Labor: $10.00/hr. Capital: 6% per month of Investment Energy: $0.75 per BTU. Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.