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1. Live Trap Corporation received the data below for its rodent cage production unit. Find the total productivity.
4. A retail store had
sales of $45,000 in April and $56,000 in May. The store employs eight full-time
workers who work a 40-hour week. In April the store also had seven part-time workers
at 10 hours per week, and in May the store had nine part-timers at 15 hours per
week (assume four weeks in each month). Using sales dollars as the measure of
output, what is the percentage change in productivity from April to May?
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1. Live Trap Corporation received the data below for its rodent cage production unit. Find the total productivity.
Output Input
50,000 cages Production time 620 labor hours
Sales price: $3.50 per unit Wages $7.50 per hour
Raw materials (total cost) $30,000
Component parts (total cost) $15,350
2. Various financial data
for the past two years follow. Calculate the total productivity measure and the
partial measures for labor, capital, and raw materials for this company for both
years. What do these measures tell you about this company?50,000 cages Production time 620 labor hours
Sales price: $3.50 per unit Wages $7.50 per hour
Raw materials (total cost) $30,000
Component parts (total cost) $15,350
Last Year This Year
Output: Sales $200,000 $220,000
Input: Labor 30,000 40,000
Raw materials 35,000 45,000
Energy 5,000 6,000
Capital 50,000 50,000
Other 2,000 3,000
3. An electronics company
makes communications devices for military contracts. The company just completed
two contracts. The navy contract was for 2,300 devices and took 25 workers two
weeks (40 hours per week) to complete. The army contract was for 5,500 devices
that were produced by 35 workers in three weeks. On which contract were the
workers more productive?
Output: Sales $200,000 $220,000
Input: Labor 30,000 40,000
Raw materials 35,000 45,000
Energy 5,000 6,000
Capital 50,000 50,000
Other 2,000 3,000
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