M1. The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs eighteen people at $19 per hour. Chris, the owner, wants totrack several productivity performance measures using the data shown below.skis/labor$0.0144Financial InformationNet salesCost of goods sold(purchased items)Net income after taxesskis/lease$Current assetsCurrent liabilitiesAvg. inventory valueInputs and OutputsSkis producedLabor hoursLease payments2021 Results$215,000$34,000a. Calculate the labor productivity, lease productivity, and material productivity. Do not round intermediate calculations. Round your answers to four decimal places.Labor productivity: 0.0816Lease productivity: 0.0435Material productivity: 0.0294skis/materialsb. Calculate the multiple-factor productivity. Do not round intermediate calculations. Round your answer to four decimal places.$26,400$64,000$23,000$5,2001,00012,240$23,000*skis/$If the multiple factor productivity for 2020 was 0.004 skis/dollar, then what was the productivity growth from 2020 to 2021? Do not round intermediatecalculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any.

Multiple-factor productivity is a measure of the efficiency of a company's production process in…

The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs eighteen people at $19 per hour. Chris, the owner, wants to track several productivity performance measures using the data shown below.

The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs eighteen people at $19 per hour. Chris, the owner, wants to track several productivity performance measures using the data shown below.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

M1.

The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs eighteen people at $19 per hour. Chris, the owner, wants to
track several productivity performance measures using the data shown below.
skis/labor$
0.0144
Financial Information
Net sales
Cost of goods sold
(purchased items)
Net income after taxes
skis/lease$
Current assets
Current liabilities
Avg. inventory value
Inputs and Outputs
Skis produced
Labor hours
Lease payments
2021 Results
$215,000
$34,000
a. Calculate the labor productivity, lease productivity, and material productivity. Do not round intermediate calculations. Round your answers to four decimal places.
Labor productivity: 0.0816
Lease productivity: 0.0435
Material productivity: 0.0294
skis/materials
b. Calculate the multiple-factor productivity. Do not round intermediate calculations. Round your answer to four decimal places.
$26,400
$64,000
$23,000
$5,200
1,000
12,240
$23,000
*skis/$
If the multiple factor productivity for 2020 was 0.004 skis/dollar, then what was the productivity growth from 2020 to 2021? Do not round intermediate
calculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any.

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