JJ Boutique has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? 2. JJ Boutique’s accountant (from problem 1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Store A pays the highest average wage at $5.70 an hour; Store B pays $5.50 an hour; Stare C $5 and Store D $4.50. The cost to rent store space is about $1,600 a month in Store A, $2,100 in Store B, $1,000 a month in Store C and $800 a month in Store D. Which store is most productive? 3. JJ Boutique is not sure it can keep all stores open. Based on multifactor productivity, which store would you close?
JJ Boutique has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? 2. JJ Boutique’s accountant (from problem 1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Store A pays the highest average wage at $5.70 an hour; Store B pays $5.50 an hour; Stare C $5 and Store D $4.50. The cost to rent store space is about $1,600 a month in Store A, $2,100 in Store B, $1,000 a month in Store C and $800 a month in Store D. Which store is most productive? 3. JJ Boutique is not sure it can keep all stores open. Based on multifactor productivity, which store would you close?
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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1. JJ Boutique has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity?
2. JJ Boutique’s accountant (from problem 1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Store A pays the highest average wage at $5.70 an hour; Store B pays $5.50 an hour; Stare C $5 and Store D $4.50. The cost to rent store space is about $1,600 a month in Store A, $2,100 in Store B, $1,000 a month in Store C and $800 a month in Store D. Which store is most productive?
3. JJ Boutique is not sure it can keep all stores open. Based on multifactor productivity, which store would you close?
Transcribed Image Text:Store
A
B
C
D
Sales Volume
$40000
$12000
$60000
$25000
Labor Hours
250
60
500
200
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