Price / Unit ($)Units SoldLabor (HRS)Labor Cost / HRMaterial Usage (LBS)Material Cost / LBOther CostsTotal Productivity ($)Labor Productivity ($)Material Productivity ($)roductivity Growth (%)Q1$171.6727,70829,365$63.2514,306$51.20$57,224.20$2.561$6.494Q2$189.7423,19022,588$63.2512,980$54.21$48,188.80$3.080$6.253

The concept of productivity is used to measure the units produced, either in number or in $,…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A company produces three types of products: A, B, and C. The following tables shows some details on those products. Calculate the multifactor productivity of the three products together. Round to the nearest hundredth, i.e., two digits after the decimal point (0.00). Product A Product B Product C Daily Production (units) 1000 1200 1500 Selling Price (Sfunit) 10 12 13 Material cost (S/1000 unit) 200 200 200 Labor cost (S/1000 unit) 200 250 300 Daily Fixed Costs 1200 1500 3000 Answer: 6.22
Multi factor productivity:a) remains constant.b) is never constant.c) usually uses substitutes as common variables for thefactors of production.d) seldom uses labor as a factor.e) always uses management as a factor.
A major airline is attempting to evaluate the effect of recent changes it has made in scheduling flights between New York City and Los Angeles. Data available are shown below: Number of Number of Flights Passengers 13 8,575 Month prior to schedule change (January) Month after schedule change (June) 22 15,566 Using January as the base period, compute a productivity index for January and June. Round your answers to the nearest whole number. Productivity index January June Using passengers per flight as a productivity indicator, comment on the apparent effect of the schedule change. Use the rounded numbers of passengers obtained above for your calculations. Round your answer for productivity indicator to one decimal place. Productivity -Select- by percent after the schedule change. This could be due to -Select- convenient flight times, -Select- schedules or some other intervening variable.
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2 A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 1000 parts? Select one: a. between 6 and 8 hours. b. between 2 and 6 hours. c. between 9 and 10 hours. d. less than 2 hours e. between 8 and 9 hours.
A company is able to produce 2,350 units of product A monthly. This level of production requires spending $1,000 on labor, $520 on materials, and $2,000 on overhead expenses. Calculate the multifactor productivity. Assuming the company can increase its production to 2,850 units, following an increase of materials expenses to $960, and labor expenses to 1,240. Is it worthy to increase the production level? Justify.
Explain what productivity means. what are the main factors impacting productivity ?
Chris is president of ABC Manufacturing, a producer of bicycle tires. Chris makes 1,000 tires per day with the following resources: 400 hours per day @ $12.50 Labor: per hour 20,000 pounds per day @ $1 Raw material: per pound Energy: $5,000 per day Capital costs: $10,000 per day a) What is the labor productivity per labor- hour for these tires at ABC Manufacturing? b) What is the multifactor productivity for these tires at ABC Manufacturing? c) What is the percent change in multifactor productivity if Chris can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs?
B: The Following information's about small factory (12 Marks).(O2,1)- 18,000 Units Produced- Sold for $13/unit- 25 workers- 450 labor hours- Labor rate: $7/hr- Cost of raw material = $15,000- Cost of machine = $25,000Find the following:1- Labor productivity per worker.2- Labor productivity per hour.3- Multi factors productivity ( machine + material)
estion 4 There was a manufacturing productivity on the Nash production line which was about 349 units per hour in 2020. In 2021, the manufacturing productivity was 252 units per hour due to pandemic. What was the productivity growth from 2020 to 2021? h Note: Round up to the last 2 decimals example 9.6568->9.66 Answer 4
Define what is meant by productivity and discuss the waysin which productivity can be improved.
Productivity was 1.22 in period 3, and productivity was 6.32 in period 14. What is the annualized growth rate of productivity from 3 to 14, in decimal form? Use 3 decimal places.

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Total Productivity ($) Labor Productivity ($) Material Productivity ($) Productivity Growth (%) $2.561 $6.494 $3.080 $6.253