Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below. Deluxe car Limited car Labor, Deluxe Labor, Limited QUANTITY $/UNIT $10,500/car 3,715 units sold $ 9,000/car 6,500 units sold. 22,500 hours 25,895 hours $ $ 13/hour 16/hour What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below. Deluxe car Limited car Labor, Deluxe Labor, Limited QUANTITY $/UNIT $10,500/car 3,715 units sold $ 9,000/car 6,500 units sold. 22,500 hours 25,895 hours $ $ 13/hour 16/hour What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 9E
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