2. Hotdog Palace was facing labor shortage (and higher per-hour labor cost) in the last month....
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2. Hotdog Palace was facing labor shortage (and higher per-hour labor cost) in the last month. Following table shows the production statistics. November December 5575 $11000 $3700 $2200 5225 $10500 $3500 $2000 Orders fulfilled Labor cost Material cost Overhead costs a. What is the multi-factor productivity in November? Show calculations to earn credit. b. What is the multi-factory productivity in December? Has productivity increased or decreased? c. What is the percentage of productivity change? Show calculations to earn credit. Is it an increase or decrease? (Note: Percent change = (New-Old)/Old x 100%) d. Hotdog Palace has decided not to change the price of the food. What can you predict about the profits of Hotdog Palace? Explain your reasoning. 2. Hotdog Palace was facing labor shortage (and higher per-hour labor cost) in the last month. Following table shows the production statistics. November December 5575 $11000 $3700 $2200 5225 $10500 $3500 $2000 Orders fulfilled Labor cost Material cost Overhead costs a. What is the multi-factor productivity in November? Show calculations to earn credit. b. What is the multi-factory productivity in December? Has productivity increased or decreased? c. What is the percentage of productivity change? Show calculations to earn credit. Is it an increase or decrease? (Note: Percent change = (New-Old)/Old x 100%) d. Hotdog Palace has decided not to change the price of the food. What can you predict about the profits of Hotdog Palace? Explain your reasoning.
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To calculate multifactor productivity and analyze the changes in productivity we need to use the pro... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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