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.

Chapter2: Introduction To Spreadsheet Modeling

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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.
Define what is meant by productivity and discuss the waysin which productivity can be improved.
The following table lists the various costs incurred (in million HKD) by a small company that manufactures electronic communication devices. (See image) The multifactor productivity changed by ______ %. (Enter your response rounded to two decimal places and include a minus sign wherever appropriate.)
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Kleen Karpets cleaned 5000 square feet of rugs last month, consuming 400 hours of labor at $10 per hour, 100 gallons of solvent at $5 per gallon, and 20 days of machine rental at $25 per day. What is the multifactor productivity for the month as measured by square feet of rugs per dollar spent?
According to the Bureau of Labor Statistics, during the first quarter of 2015 nonfarm business productivity in the United States fell 3.1 percent and manufacturing productivity fell 1.0 percent compared to the first quarter of 2014. During this same time, real GDP in the United States increased by 2.9 percent. Explain how productivity can decrease when real GDP is increasing.
12 A cleaning company uses 10 lbs each of chemicals A, B and C for each house it cleans. After some quality complaints, the company has decided to increase its use of chemical A by an additional 10 lbs for each house. By what % has productivity (houses per pound of chemical) fallen? Select one: a. 0% b. 15% c. 25% d. 10% e. 33%
Omar Industries maintains production facilities in several locations around the Average monthly cost data and output levels are as follows. Calculate the labor productivity of each facility. Calculate the multifactor productivity of each 3- If Omar needed to close one of the plants, which one would you choose

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