Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources:425 hours per day @ $12.00 per hour21,000 pounds per day @ $1.50 per pound$5,000 per day$10,250 per daya) Labor productivity per labor hour for these tires = 2.35 tires/labor hour (round your response to two decimal places).b) Multifactor productivity for these tires= 0.0193 tires/dollar (round your response to four decimal places).c) The percent change in multifactor productivity if Fok can reduce the energy bill by $950 per day without cutting production or changing any other inputs =% (enter your responsas a percentage rounded to two decimal places).Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.ideoLabor:Raw Material:Energy:Capital:Get more help -O3OUD2Clear all✪Check answerJan 121:27 0

The total output of tires per day is 1000, The labor hours per day=425

Answered: a) Labor productivity per labor hour…

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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P2a. Various financial data for the past two years follow. Calculate the productivity ratios and enter the % change (round to one decimal place) from last year to this year. Output: Inputs: Volume (# units) $ Price / unit Labor hours / unit Labor $ cost / hour Raw material $ cost/ unit Overhead Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place) Last Year This Year 35,000 $18.00 0.2 $24 $6.00 $40,000 50,000 $18.20 0.15 $24 $6.20 $50,000 % Change
A company produces 286 toys per day. The materials used is $9 per toy. The company employs 9 workers, who work 10 hours a day and get paid $19 per hour. The overhead cost is $165 per day. Please calculate the multi-factor productivity, in terms of labor and material, for this company. Numbers only, keep three decimals if not exact, either round up or down is ok
The following table lists the various costs incurred (in million HKD) by a small company that manufactures electronic communication devices. (See image) The multifactor productivity changed by ______ %. (Enter your response rounded to two decimal places and include a minus sign wherever appropriate.)
9 & 11
A manager checked production records and found that a worker produced 168 units while working 40 hours. In the previous week, the same worker produced 102 units while working 30 hours. a. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.) Current period productivity Units / hour Previous period productivity Units / hour b. Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations and final answer to 2 decimal places.) Worker's productivity by %
Bear Lake Seafood produces 652 boxes of seafood per day. There are 3 working shifts, each is 7-hour. The company employs 25 workers for each shift, and pays each worker $15 per hour. The utility cost for the company is $62 per working hour (no utility cost when the company is not in operation). What is the utility productivity (in terms of cost) for the seafood company? Numbers only, keep three decimals if not exact, either round up or down is ok
Consider the information given below. Output Inputs 335,000 units 6,400 labor hours @ $14.00 per hour Sales price = $1,301.00/unit Material cost = $41,250,000 Utilities cost = $4,600 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: $/input$
3. Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. The following data are available: Last Year This yearOutput 10,500 units 12,100 units Labour hours 12,100 units 13,200Utilities 7,600 8,250Capital 83,000 88,000 Has Martin Manufacturing improved its productivity during the past year?
Write some examples of partial productivity measures?
Output Inputs 340,000 units 6,300 labor hours @ $13.00 per hour Sales price = $1,310.00/unit Material cost = $41,500,000 Utilities cost = $4,400 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places.
Gibson Valves produces cast bronze valves on an assembly line. If 1750 valves are produced in an 7-hour shift, What is the productivity of the line ?? 300 250 200 350
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 3,140 devices and took 32 workers two weeks (40 hours per week) to complete. The army contract was for 7,040 devices that were produced by 42 workers in three weeks (40 hours per week). a. Calculate the productivity for navy and army contracts in units produced per labor hour. (Round your answers to 2 decimal places.) Contract Productivity Navy Army b. On which contract were the workers more productive? O Navy contract O Army contract

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