Answered: Week 1 Week 2 Week 3 Week 4 Units…

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...

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Question

At Symteks, the output of a process is valued at $90 per unit.
The cost of labor is $45 per hour including benefits. The ac-
counting department provided the following information
about the process for the past four weeks

a. Use the multifactor productivity ratio to see whether
recent process improvements had any effect and, if so,
when the effect was noticeable.
b. Has labor productivity changed? Use the labor productiv-
ity ratio to support your answer.

Week 1
Week 2
Week 3
Week 4
Units Produced
1,177
1,306
1,088
985
Labor ($)
12,375
14,892
10,563
9,576
Material ($)
20,577
24,573
20,492
18,364
Overhead ($)
9,151
10,480
8,686
7,798

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