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O Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week Material costs per week Capital investment Current (this year) Expected (next year) 270 340 $980 $1,045 $380 $325 $340 $375 $0 $15,000 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity Current (this year) 0.27 haircuts/dollar 0.710 haircuts/dollar 0.794 haircuts/dollar haircuts/dollar Expected (next year) 0.325 haircuts/dollar 1.04 haircuts/dollar 0.906 haircuts/dollar haircuts/dollar Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places. %

O Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week Material costs per week Capital investment Current (this year) Expected (next year) 270 340 $980 $1,045 $380 $325 $340 $375 $0 $15,000 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity Current (this year) 0.27 haircuts/dollar 0.710 haircuts/dollar 0.794 haircuts/dollar haircuts/dollar Expected (next year) 0.325 haircuts/dollar 1.04 haircuts/dollar 0.906 haircuts/dollar haircuts/dollar Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places. %

Practical Management Science
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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Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week Material costs per week Capital investment % Current (this year) 270 $980 $380 $340 $0 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity Expected (next year) 340 $1,045 $325 $375 $15,000 Current (this year) 0.27 haircuts/dollar 0.710 haircuts/dollar 0.794 haircuts/dollar haircuts/dollar Expected (next year) 0.325 haircuts/dollar 1.04 haircuts/dollar 0.906 haircuts/dollar haircuts/dollar Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
Transcribed Image Text:Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week Material costs per week Capital investment % Current (this year) 270 $980 $380 $340 $0 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity Expected (next year) 340 $1,045 $325 $375 $15,000 Current (this year) 0.27 haircuts/dollar 0.710 haircuts/dollar 0.794 haircuts/dollar haircuts/dollar Expected (next year) 0.325 haircuts/dollar 1.04 haircuts/dollar 0.906 haircuts/dollar haircuts/dollar Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
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