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per day with the following resources. Labor Raw material Energy a. What is the total productivity (considering the costs of labor, raw material, and energy)? b. What is the percent change in total productivity if Upton can reduce the energy bill from $5,000 per day to $4,000 per day without cutting production and changing any other inputs? 400 hours per day at $12.50 per hour 2,000 pounds per day at $1 per pound $5,000 per day

per day with the following resources. Labor Raw material Energy a. What is the total productivity (considering the costs of labor, raw material, and energy)? b. What is the percent change in total productivity if Upton can reduce the energy bill from $5,000 per day to $4,000 per day without cutting production and changing any other inputs? 400 hours per day at $12.50 per hour 2,000 pounds per day at $1 per pound $5,000 per day

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ETHIMIT David Upton is the president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources. Labor 400 hours per day at $12.50 per hour 2,000 pounds per day at $1 per pound Raw material Energy $5,000 per day a. What is the total productivity (considering the costs of labor, raw material, and energy)? b. What is the percent change in total productivity if Upton can reduce the energy bill from $5,000 per day to $4,000 per day without cutting production and changing any other inputs?
Transcribed Image Text:ETHIMIT David Upton is the president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources. Labor 400 hours per day at $12.50 per hour 2,000 pounds per day at $1 per pound Raw material Energy $5,000 per day a. What is the total productivity (considering the costs of labor, raw material, and energy)? b. What is the percent change in total productivity if Upton can reduce the energy bill from $5,000 per day to $4,000 per day without cutting production and changing any other inputs?
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