The Big Black Bird Company (BBBC) has a large order forspecial plastic-lined military uniforms to be used in an urgentmilitary operation. Working the normal two shifts of 40 hourseach per week, the BBBC production process usually produces2,500 uniforms per week at a standard cost of $140 each. 72employees work the first shift and 28 employees work the sec-ond. The contract price is $240 per uniform. Due to the urgentneed, BBBC is authorized to use around-the-clock production,six days per week. When each of the two shifts works 72 hoursper week, production increases to 4,000 uniforms per week butat a cost of $152 each.a. Did the multifactor productivity ratio increase, decrease,or remain the same? If it changed, by what percentage didit change?b. Did the labor productivity ratio increase, decrease, orremain the same? If it changed, by what percentage did itchange?c. Did weekly profits increase, decrease, or remain thesame?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The Big Black Bird Company (BBBC) has a large order for
special plastic-lined military uniforms to be used in an urgent
military operation. Working the normal two shifts of 40 hours
each per week, the BBBC production process usually produces
2,500 uniforms per week at a
employees work the first shift and 28 employees work the sec-
ond. The contract price is $240 per uniform. Due to the urgent
need, BBBC is authorized to use around-the-clock production,
six days per week. When each of the two shifts works 72 hours
per week, production increases to 4,000 uniforms per week but
at a cost of $152 each.
a. Did the multifactor productivity ratio increase, decrease,
or remain the same? If it changed, by what percentage did
it change?
b. Did the labor productivity ratio increase, decrease, or
remain the same? If it changed, by what percentage did it
change?
c. Did weekly profits increase, decrease, or remain the
same?
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