A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who together produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by four carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. Before 10 carts per worker per hour After 12.33 carts per worker per hour b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 3 decimal places.) Before 0.482 carts/dollar cost After carts/dollar cost c. Comment on the changes in productivity according to the two measures. (Round your intermediate calculations to 3 decimal places and final answers to 2 decimal places. Omit the "%" signs in your response.) |(Click to select) ♥| by |(Click to select) ♥ by Labor productivity Multifactor productivity
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers, who together produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour while output increased by four carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. Before 10 carts per worker per hour After 12.33 carts per worker per hour b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 3 decimal places.) Before 0.482 carts/dollar cost After carts/dollar cost c. Comment on the changes in productivity according to the two measures. (Round your intermediate calculations to 3 decimal places and final answers to 2 decimal places. Omit the "%" signs in your response.) |(Click to select) ♥| by |(Click to select) ♥ by Labor productivity Multifactor productivity
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Recruitment in Business Communication
The process of discovering and employing the finest and most competent individual for a work opportunity fairly and cost-effectively is referred to as recruitment in human resource management. It is also known as the act of locating potential individuals and motivating and pushing them to compete for positions within a firm. It is a complete process with a complete life cycle that originates with the assessment of the organizational requirements in relation to the position and continues with the employee's engagement with the organization.
Recruitment
Recruitment is the most important part of Human Resource Management (HRM) which is done by HR (Human Resources) of a company, firm, or industry. To understand the policy, HR needs to understand and analyze the requirement of a profile who can fit into the position as per the company’s objectives and goals. Recruitment involves shortlisting, hiring, and analyzing candidates' skills along with experience and qualifications and comparing them with the organization's requirements or job profile. The objective of the recruitment process is to find the right candidate for the right job.
Question
Please answer all parts clearly & make sure you round it if asked
Transcribed Image Text:A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the
labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five workers,
who together produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With the
new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $10 per hour
while output increased by four carts per hour.
a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.
Before
10
carts per worker per hour
After
12.33
carts per worker per hour
b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round
your answers to 3 decimal places.)
Before
0.482 carts/dollar cost
After
carts/dollar cost
c. Comment on the changes in productivity according to the two measures. (Round your intermediate calculations to 3 decimal
places and final answers to 2 decimal places. Omit the "%" signs in your response.)
Labor productivity
|(Click to select) V
by
Multifactor productivity
|(Click to select) ♥
by
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