Etched Impressions produces custom laser-etched artwork on a variety of flat wood surfaces. They recently purchased...

 

Transcribed Image Text:

Etched Impressions produces custom laser-etched artwork on a variety of flat wood surfaces. They recently purchased some new equipment which should help them be more productive. Data from the last two months' production can be found in the following table: Outputs / Inputs Price/Cost per Unit ($) Last Month This Month Units Produced $22 990 1,090 $12.25 525 435 $2.11 1,010 900 $0.53 2,770 3,000 Labor (hours) Wood (feet) Energy (BTUs) What was last month's single-factor productivity for Etched Impressions in terms of labor dollars? In other words, for every dollar spent on labor, how many dollars of sales would they obtain? (Round your answer to two decimal places.) From last month to this month, by what percentage did Etched Impressions' productivity increase or decrease in terms of Energy (BTUS and units produced, not dollars)? • Write your answer as a percentage. • Display your answer to two decimal places. • Put a minus sign ("-") in front of your answer if the answer is a negative number (i.e., a decrease). % What was this month's multi-factor productivity for Etched Impressions in terms of dollars? (In other words, how many dollars of revenue did each dollar of inputs produce? (Round your answer to two decimal places.) By what percentage did Etched Impression's multi-factor productivity improve, in terms of dollars, from last month to this month? (Write your answer as a percentage, and display your answer to two decimal places.) % Etched Impressions produces custom laser-etched artwork on a variety of flat wood surfaces. They recently purchased some new equipment which should help them be more productive. Data from the last two months' production can be found in the following table: Outputs / Inputs Price/Cost per Unit ($) Last Month This Month Units Produced $22 990 1,090 $12.25 525 435 $2.11 1,010 900 $0.53 2,770 3,000 Labor (hours) Wood (feet) Energy (BTUs) What was last month's single-factor productivity for Etched Impressions in terms of labor dollars? In other words, for every dollar spent on labor, how many dollars of sales would they obtain? (Round your answer to two decimal places.) From last month to this month, by what percentage did Etched Impressions' productivity increase or decrease in terms of Energy (BTUS and units produced, not dollars)? • Write your answer as a percentage. • Display your answer to two decimal places. • Put a minus sign ("-") in front of your answer if the answer is a negative number (i.e., a decrease). % What was this month's multi-factor productivity for Etched Impressions in terms of dollars? (In other words, how many dollars of revenue did each dollar of inputs produce? (Round your answer to two decimal places.) By what percentage did Etched Impression's multi-factor productivity improve, in terms of dollars, from last month to this month? (Write your answer as a percentage, and display your answer to two decimal places.) %

Answer rating: 100% (QA)

Lets go through the questions one by one 1 Last months singlefactor productivity for Etched Impressions in terms of labor dollars Singlefactor productivity is calculated by dividing the output in this ... View the full answer