Posey Ceramics makes ceramic vases for a chain of de-partment stores. The output and cost figures over the past four weeks are shown here. Labor costs $10 an hour, and materials are $4 a pound. Calculate the (a) labor produc-tivity (in hrs), (b) material productivity (in lbs), and (c) multifactor productivity for each week. Comment on theresults. Week 1 2 3 4Units of output 2000 4000 5000 7000No. of workers 4 4 5 6Hours per week per worker 40 48 56 70Material (lbs) 286 570 720 1000
Posey Ceramics makes ceramic vases for a chain of de-partment stores. The output and cost figures over the past four weeks are shown here. Labor costs $10 an hour, and materials are $4 a pound. Calculate the (a) labor produc-tivity (in hrs), (b) material productivity (in lbs), and (c) multifactor productivity for each week. Comment on theresults. Week 1 2 3 4Units of output 2000 4000 5000 7000No. of workers 4 4 5 6Hours per week per worker 40 48 56 70Material (lbs) 286 570 720 1000
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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Question
Posey Ceramics makes ceramic vases for a chain of de-
partment stores. The output and cost figures over the past
four weeks are shown here. Labor costs $10 an hour, and
materials are $4 a pound. Calculate the (a) labor produc-
tivity (in hrs), (b) material productivity (in lbs), and (c)
multifactor productivity for each week. Comment on the
results.
Week 1 2 3 4
Units of output 2000 4000 5000 7000
No. of workers 4 4 5 6
Hours per week per worker 40 48 56 70
Material (lbs) 286 570 720 1000
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