A manufacturing firm uses two measures of productivity: a. Total sales/Total inputs b. Total sales/Total labor inputs
Question:
A manufacturing firm uses two measures of productivity:
a. Total sales/Total inputs
b. Total sales/Total labor inputs
Given the data for the last three years below, calculate the productivity ratios. How would you interpret the results? All figures are in dollars.
Transcribed Image Text:
Sales Materials Labor Overhead Year 1 $110 62 28 8 Year 2 $129 73 33 12 Year 3 $124 71 28 10
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The results are Total productivity decreased in y...View the full answer
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Related Book For
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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