P2a. Various financial data for the past two years follow. Calculate theproductivity ratios and enter the % change (round to one decimal place) fromlast year to this year.Output:Inputs:Volume (# units)$ Price / unitLabor hours / unitLabor $ cost / hourRaw material $ cost/unitOverheadLabor Productivity(round to one decimalplace)MultifactorProductivity(round to one decimalplace)Last Year This Year35,000$18.000.2$24$6.00$40,00050,000$18.200.15$24$6.20$50,000% Change

The output data is volume in terms of units and price per unit, The input data is labor hours per…

Answered: Labor Productivity (round to one…

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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Similar questions

Productivity was 1.22 in period 3, and productivity was 6.32 in period 14. What is the annualized growth rate of productivity from 3 to 14, in decimal form? Use 3 decimal places.
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Why do manufacturing personnel prefer operational productivity measures to financial productivitymeasures?
Create a list of the factors that can affect productivity as well as specific strategies for increasing productivity?
This year, Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer at the plant will work 200 hours per month. If the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? ttempt Number of laborers employed by the plant = laborers (round your answer to the nearest whole number).
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: $/input$
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: $/input$
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
(b) Productivity is related with outputs and inputs. i) List ONE example of outputs and inputs each. ii) Derive the productivity Equation using outputs and inputs
A 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. 232
Given a bakery located opposite to your proposed service restaurant makes 1,500 loaves per month with a labor productivity of 2.344 loaves per labor-hour. Calculate number of workers working there? (Hint: Each worker works 160 hours per month.)

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Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place)