The manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $22 per hour. The wholesale cost of lumber to the company is $9 per square foot, and the company charges its customers $25 per square foot of flooring installed. Overhead rate is 100% a) using the best formula to determine labor productivity, calculate labor productivity for each of the weeks b) calculate multifactor productivity for each week using the dollar revenue of flooring installed in the numerator week crew size lumber used flooring installed week 1 4 480 420 week 2 3 371 325
The manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $22 per hour. The wholesale cost of lumber to the company is $9 per square foot, and the company charges its customers $25 per square foot of flooring installed. Overhead rate is 100% a) using the best formula to determine labor productivity, calculate labor productivity for each of the weeks b) calculate multifactor productivity for each week using the dollar revenue of flooring installed in the numerator week crew size lumber used flooring installed week 1 4 480 420 week 2 3 371 325
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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The manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $22 per hour. The wholesale cost of lumber to the company is $9 per square foot, and the company charges its customers $25 per square foot of flooring installed. Overhead rate is 100%
a) using the best formula to determine labor productivity, calculate labor productivity for each of the weeks
b) calculate multifactor productivity for each week using the dollar revenue of flooring installed in the numerator
week | crew size | lumber used | flooring installed |
week 1 | 4 | 480 | 420 |
week 2 | 3 | 371 | 325 |
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