Please put the following information in an Excel format:

Q1: For October, what was the total amount spent on resources?

Ans: To calculate the total amount spent on resources in October, we need to multiply the quantity of each resource by its corresponding cost per unit and then sum up these values.

Total cost for labor = Labor (Hours) * Cost Per Unit = 520 * $13.00 = $6,760.00

Total cost for solvent = Solvent (Gallons) * Cost Per Unit = 100 * $5.00 = $500.00

Total cost for machine rental = Machine Rental (days) * Cost Per Unit = 20 * $50.00 = $1,000.00

Total amount spent on resources in October: $6,760.00 + $500.00 + $1,000.00 = $8,260.00

Q2: How many rugs did the company clean per gallon of solvent in October?

Ans:

To calculate the productivity in terms of rugs cleaned per gallon of solvent in October, we divide the total number of rugs produced by the amount of solvent used.

Productivity per gallon of solvent in October = Units Produced (Rugs) / Solvent (Gallons) = 65 / 100 = 0.65 rugs per gallon of solvent.

Q3: How many rugs did the company clean per hour of labor in November?

Ans:

To calculate the productivity in terms of rugs cleaned per hour of labor in November, we divide the total number of rugs produced by the number of labor hours.

Productivity per hour of labor in November = Units Produced (Rugs) / Labor (Hours) = 100 / 720 0.139 rugs per labor hour.

Q4: Did the company increase its labor productivity from November to December? How much?

Ans:

To determine if the company increased its labor productivity from November to December, we'll compare the productivity values for these months.

Labor productivity in November = Units Produced (Rugs) / Labor hours = 100 / 720 = 0.139 rugs per labor hour. Labor productivity in December = Units Produced (Rugs) / Labor hours = 250 / 960 = 0.260 rugs per labor hour.

Yes, the company increased its labor productivity from November to December.

The increase in labor productivity = Labor productivity in December minus Labor productivity in November = 0.260 - 0.139 0.121 rugs per labor hour.

Q5: What was the multifactor productivity in October?

Ans:

Multifactor productivity measures the output of a company relative to its combined inputs. To calculate the multifactor productivity in October, we'll use the formula:

Multifactor Productivity (October) = Units Produced (Rugs) / (Labor Cost + Solvent Cost + Machine Rental Cost) Multifactor Productivity (October) = 65/$6,760.00 + $500.00 + $1,000.00

Multifactor Productivity (October): 65/$8,260.00

Multifactor Productivity (October): 0.00787 rugs per dollar of input.

Q6: What was the multifactor productivity in November?

Ans:

To calculate the multifactor productivity in November, we'll use the same formula as above:

Multifactor Productivity (November) = Units Produced (Rugs) / (Labor Cost + Solvent Cost + Machine Rental Cost)

Multifactor Productivity (November) = 100 / ($9,360.00 + $550.00 + $1,250.00)

Multifactor Productivity (November) 100 / $11,160.00

Multifactor Productivity (November): 0.00896 rugs per dollar of input.

Q7: What was the multifactor productivity in December?

Ans:

Similarly, to calculate the multifactor productivity in December, we'll use the same formula:

Multifactor Productivity (December) = Units Produced (Rugs) / (Labor Cost + Solvent Cost + Machine Rental Cost)

Multifactor Productivity (December) = 250 / ($13,440.00 + $687.50 + $1,750.00)

Multifactor Productivity (December): 250 x $15,877.50

Multifactor Productivity (December): 0.01574 rugs per dollar of input.

Q8: What was the percent increase in multifactor productivity from October to November?

Ans:

To calculate the percent increase in multifactor productivity from October to November, we'll use the following formula:

Percent Increase = [(New Number - Old Number) / Old Number] * 100

Percent Increase (October to November) = [(Multifactor Productivity in November - Multifactor Productivity in October) / Multifactor Productivity in October] * 100

Percent Increase (October to November) = [(0.00896 - 0.00787) / 0.00787] * 100

Percent Increase (October to November) (0.00109 / 0.00787) * 100

Percent Increase (October to November): 0.1385 * 100 = 13.85%

Q9: What was the percent increase in multifactor productivity from November to December?

Ans:

To calculate the percent increase in multifactor productivity from November to December, we'll use the same formula as above:

Percent Increase (November to December) = [(Multifactor Productivity in December - Multifactor Productivity in November) / Multifactor Productivity in November] * 100

Percent Increase (November to December) = [(0.01574 - 0.00896) / 0.00896] * 100

Percent Increase (November to December) (0.00678 / 0.00896) * 100

Percent Increase (November to December): 0.7567 * 100 = 75.67%

Q10: Overall, is the company becoming more efficient? How would you justify that answer?

Ans:

Yes, the company is becoming more efficient. The multifactor productivity is increasing from month to month, indicating that the company is producing more output (rugs) relative to the inputs (labor, solvent, and machine rental costs). Additionally, we can see that labor productivity has also increased from November to December, further supporting the conclusion that the company is becoming more efficient in its operations. The percent increase in multifactor productivity from October to November was approximately 13.85%, and from November to December, it was about 75.67%, which shows significant improvement over the three months. These results suggest that the company has been able to achieve higher productivity and output with the same or slightly increased resource inputs, indicating improved efficiency in its production process.

Explanation:

Here is the short explanation for the above answers:

Q1: The total amount spent on resources in October was $8,260.00 (calculated by adding labor, solvent, and machine rental costs).

Q2: In October, the company cleaned 0.65 rugs per gallon of solvent (65 rugs divided by 100 gallons).

Q3: In November, the company cleaned 0.139 rugs per labor hour (100 rugs divided by 720 labor hours).

Q4: Yes, labor productivity increased from November to December by 0.121 rugs per labor hour.

Q5: Multifactor productivity in October was 0.00787 rugs per dollar of input.

Q6: Multifactor productivity in November was 0.00896 rugs per dollar of input.

Q7: Multifactor productivity in December was 0.01574 rugs per dollar of input.

Q8: Multifactor productivity increased by 13.85% from October to November.

Q9: Multifactor productivity increased by 75.67% from November to December.

Q10: The company is becoming more efficient as multifactor productivity and labor productivity have consistently increased over the months.