Concept explainers
a)
To determine: Productivity change for Charles Lackey’s bakery in loaves per dollar and with an increase in labor cost.
Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipment that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know cost efficiency.
b)
To determine: The new productivity for Charles Lackey’s bakery in loaves per dollar and with an increase in investment.
Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipment that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know cost efficiency.
c)
To determine: The percentage of productivity change for labor and investment.
Introduction: Productivity is a measure of the effectiveness of an individual, systems, machinery and other equipment that are used in converting inputs into outputs. In all organizations, productivity is an important determinant to know cost efficiency.
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Operations Management, Student Value Edition & Student Cd For Operations Management
- A company that processes fruits and vegetables is able to produce 1000 cases of canned peaches in 8 hours with four workers. Each worker is paid 2 RO per hour. What are the new labor hours, if output remains the same and the productivity in terms of cases/RO increased by 15%. Round to 2 decimal places O a. 7.82 hours O b. 6.96 hours O c. 5.57 workers O d. 2.35 hours Oe. None is correctarrow_forwardImagine that you are the Sales Assistant working from 8:30 AM to 4:30 PM including one-hour lunch break in ABC Limited. His tasks includes reviewing Sales plans, updating monthly sales reports, and handling client’s complaints. The daily rate given to you is 75 RO/day, How do you think your company would justify this pay? I will decide later. No, as work outputs can be easily measured. Maybe, as he is a new employee. Yes, as work outputs cannot be readily measured.arrow_forwardYou and your team came up with a plan by using robotic welders. First, compute how this would increase productivity. Year 1 Output (sales in $million) - 120 Labor (payroll, in $million) - 32 Capital (expenses, in $million) - 45 One-time capital investment ($million) - 10 YEAR 2 Output (sales, in $million) - 160 Labor(payroll, in $million) - 26 Capital (expenses, in $million) - 45 One time capital investment ($million) - what is Productivity year 1? What is Productivity Year 2 ? What is Change in Productivity ? What is Change in sales from Year 1 to Year 2? = Change in labor cost from Year 1 to Year 2? = Change in Capital cost from year 1 to year 2 ?= Investment required to create this change ?= ROI ? = Based on these results, is this project a good idea or not?arrow_forward
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- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub