Question: Grumman Manufacturing has implemented several programs to improve its productivity. Their target was to increase the productivity by 12% in 2020. They have asked you

Grumman Manufacturing has implemented several
Grumman Manufacturing has implemented several
Grumman Manufacturing has implemented several programs to improve its productivity. Their target was to increase the productivity by 12% in 2020. They have asked you to evaluate the firm's productivity by comparing 2020's performance with 2019. Labor costs average $20 per hour and each kWh costs 20 cents. The following data are available. Year = 2019 Year = 2020 Output 21,000 units 24,200 units 2400 2640 Labor Hours 1 Energy (kWh) 76,000 82,200 Overhead $16,600 $16,000 a. What is the total labour cost for 2019? b. What is the energy cost for 2019? c. What is the multifactor productivity per $ input for 2019? 0.3233/$ 3.7993/$ 0.2632/$ 0.3322/$ 0.4374/$ 000 for 2002 0.4374/$ d. What is the total labour cost for 2020? e. What is the multifactor productivity per $ input for 2020? 0.2837/$ 3.5248/$ 0.3438/$ 0.3832/$ 0.4583/$ f. What is Grumman Manufacturing's productivity improvement between 2019 and 2020? 8.62% 7.79% 0.89% -8.62% 7.22% Has Grumman reached their target (yeso?) and discuss why

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