Various financial data for the past two years follow: Output: Sales Input: Labor Raw Materials Energy Capital Other Last Year This Year $200,200 30005 34500 5000 48990 2000 Calculate the total productivity measure for this company for both years. O Last year: 1.77, This year: 1.88 Last year: 1.70, This year: 1.50 Last year: 1.66, This year: 1.42 $202,000 40005 44500 6100 48990 3005 O Last year: 1.60, This year: 1.32

Various financial data for the past two years follow: Output: Sales Input: Labor Raw Materials Energy Capital Other Last Year This Year $200,200 30005 34500 5000 48990 2000 Calculate the total productivity measure for this company for both years. O Last year: 1.77, This year: 1.88 Last year: 1.70, This year: 1.50 Last year: 1.66, This year: 1.42 $202,000 40005 44500 6100 48990 3005 O Last year: 1.60, This year: 1.32

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...

See similar textbooks

Similar questions

The productivity for Gianna Bakery was 2.35 in the year 2019 and 2.52 in the year 2018. Calculate the % change in productivity from 2018 to 2019. O -3.45% O +6.74% O +3.45% O -6.74%
I need help with this cost accounting problem.
ABC Corporation is a furniture manufacturing company working on a 40 hour per week basis makes 135 chairs. The sales price is $75 each, and the company has the following costs:• Direct materials $790• Direct labor $360• Overhead $550Required:a. Calculate the productivity of the company.b. What will be the new productivity if the company decides to make 150 chairs per week?c. If the company decides to improve productivity through materials costs reduction only, how much these costs must be reduced in order to achieve a 10 percent increase in total productivity?d. If the company repeats the same exercise as in (c) above, but through labor costs reduction, how much these costs must be reduced in order to achieve a 10 percent increase in total productivity?
Explain the meaning of the saying that productivity is a relative measure briefly .
Prepare a cost performance baseline for developing an operations management laboratory. The laboratory will have physical cum computer simulations for operations management problems in which students can participate to get a close-to-real world experience operations management environment. The picture is a example. Make sure you include everything.
Mazen is a manager in a factory producing fabrics. In 2020, the daily production target was met in terms of quality and quantity. But, this target was achieved as a result of an increased number of workers and import of high quantities of cotton and piles of leftovers, meaning an extra inputs' costs. He decided to make negotiations with local industries to sell them cotton remnants to be recycled and re-used in pillow manufacturing.The productivity of this factory is: * Effective and efficient Neither effective nor efficient Effective but not efficient O Not effective but efficient
Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT 49,620 cages Sales price: $3.80 per unit Production time Wages Raw materials (total cost) Component parts (total cost) INPUT Units sold Sales (dollars) Find the total productivity in units sold and dollars of sales per dollar input. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Total Productivity 640 labor hours $7.80 per hour $31,250 $15,450 per dollar input per dollar input
Distinguish between resources, capabilities and core .competencies. Explain value chain analysis
P2a. Various financial data for the past two years follow. Calculate the productivity ratios and enter the % change (round to one decimal place) from last year to this year. Output: Inputs: Volume (# units) $ Price / unit Labor hours / unit Labor $ cost / hour Raw material $ cost/ unit Overhead Labor Productivity (round to one decimal place) Multifactor Productivity (round to one decimal place) Last Year This Year 35,000 $18.00 0.2 $24 $6.00 $40,000 50,000 $18.20 0.15 $24 $6.20 $50,000 % Change
Ternes Manufacturing produces metal products primarily used in the construction industry. The three main inputs in production are materials (metal), labor, and overhead. Data for the previous three reporting periods follow: Materials cost Labor cost Overhead Value of product produced Period Period 3 Period 2 Period 1 Period 3 $ 51,000 30,150 43,050 137,930 Total Factor Productivity Period 2 Required: a. Compute the total factor productivity for the previous three reporting periods. Note: Round your answers to 2 decimal places. $ 65,500 39,820 48,600 179,504 Period 1 $ 60,750 36,200 46,850 164,604
A company has been able to produce 230 crates by 5 workers in an 8-hour day. If the company hires additional skilled worker to improve productivity, it would yield to 268 crates. However, the total required time would increase by 5 labor hours because of the new hire. What would be the impact on productivity, measured in crates/labor-hours, if the new worker is hired. Round to 2 decimal places O a. 5% O b. 4% O c. 3.57% O d. None of these O e. -5%
Explain the following based on your knowledge and give sample scenario in the business: 1. Core Competencies Analysis 2. Performance Analysis Elaborate your answer.