Concept explainers
a.
To determine: Labor productivity of Company KK
Introduction: Labor productivity is a valuation of the
b.
To determine: Multifactor productivity of Company KK.
Introduction: Multifactor productivity is an evaluation of economic performance that compares the amount of products and services produced to the amount of combined input used to produce those products and services.
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- In December, General Motors produced 6,600 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor-hour during that month. 300 laborers were employed at the plant that month. a. How many hours did the average laborer work that month? b. If productivity can be increased to 0.11 vans per labor-hour, how many hours would the average laborer work that month? Please show work. Thank youarrow_forwardHokey Min’s Kleen Karpet cleaned 65 rugs inOctober, consuming the following resources:Labor: 520 hours at $13 per hourSolvent: 100 gallons at $5 per gallonMachine rental: 20 days at $50 per daya) What is the labor productivity per dollar?b) What is the multifactor productivity?arrow_forwardIn December, General Motors produced 6,600 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor hour during that month. 300 laborers were employed at the plant that month.a. How many hours did the average laborer work that month?b. if the productivity can be increased to 0.11 vans per labor hour, how many hours would the average laborer work that month?arrow_forward
- what is the Multi-Factor Productivity for Susan's orders processed if she costs $200 in Labor Costs? Workers Orders Processed Customer Type Hours Worked Wage/hr: Supply Cost per 4 Hour Shift Benefit Cost per Hour is 10% of Hourly Wage Productivity (Orders Processed Per Labor Dollar) Jordan 80 Blue 8 $15 $20.00 Hector 45 Red 4 $13 $10.00 DeAndre 50 Red 4 $16 $15.00 Susan 90 Red 8 $13 $8.00arrow_forwardThe following data was recorded last period for production department that under the management of Mr. Cobblepot. Budgeted labour hours = 2,700 hoursNumber of units of product X manufactured = 350 unitsNumber of units of product Y manufactured = 400 unitsStandard hours to produce one unit of X = 3 hoursStandard hours to produce one unit of Y = 4 hoursActual labour hours worked = 3,110 hours In order to measure the productivity of a labour , calculate the capacity ratio ? Show solutionarrow_forwardThe following data was recorded last period for production department that under the management of Mr. Cobblepot. Budgeted labour hours = 2,700 hoursNumber of units of product X manufactured = 350 unitsNumber of units of product Y manufactured = 400 unitsStandard hours to produce one unit of X = 3 hoursStandard hours to produce one unit of Y = 4 hoursActual labour hours worked = 3,110 hours In order to measure the productivity of a labour , calculate the efficiency ratio ? show solutionarrow_forward
- ● 1.7 Hokey Min's Kleen Karpet cleaned 65 rugs in October, consuming the following resources: Labor: Solvent: Machine rental: 520 hours at $13 per hour 100 gallons at $5 per gallon 20 days at $50 per day LACEME a) What is the labor productivity per dollar? b) What is the multifactor productivity? Px 1.8 Lillian Fok is president of Lakefront Manufacturing, CH i 2 f S k karrow_forwardIn December, General Motors produced 6,600 customizedvans at its plant in Detroit. The labor productivity at thisplant is known to have been 0.10 vans per labor-hour during thatmonth. 300 laborers were employed at the plant that month.a) How many hours did the average laborer work that month?b) If productivity can be increased to 0.11 vans per laborhour,how many hours would the average laborer work thatmonth?arrow_forwardHokey Min's Kleen Karpet cleaned 65 rugs in October, consuming the following a)What is the labor productivity per dollar?b) What is the multifactor productivity?arrow_forward
- 1.9 David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1 per pound $5,000 per day $10,000 per đay Labor: Raw material: Energy: Capital costs: a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? b) What is the multifactor productivity for these tires at Upton Manufacturing? c) What is the percent change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day without cutting pro- duction cr changing any other inputs? Karrow_forward= Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1.00 per pound $5,250 per day $10,250 per day a) Labor productivity per labor hour for these tires = Labor: Raw Material: Energy: Capital: tires/labor hour (round your response to two decimal places). aarrow_forwardLillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: 425 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.50 per pound $5,000 per day $10,250 per day a) Labor productivity per labor hour for these tires = 2.35 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires= 0.0193 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $950 per day without cutting production or changing any other inputs =% (enter your respons as a percentage rounded to two decimal places). Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change. ideo Labor: Raw Material: Energy: Capital: Get more help - O 3 O U D 2 Clear all ✪ Check answer Jan 12 1:27 0arrow_forward
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