Imagine that the custom-designed furniture, which takes on average 7 hours to complete and sales for an
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Question:
Imagine that the custom-designed furniture, which takes on average 7 hours to complete and sales for an average of $1,825, has the following costs: Specialize labor for custom pieces: $150/hr Machine run-time cost: $26/hr Product finishing: $35/hr In a similar way, the costs for a standard-line of product, which takes on average 2.5 hrs to complete and sales on average for $245, are as follows: Cost of labor: $30/hr Machine run-time cost: $26/hr Product finishing: $12 /hr. Calculate the productivity of each, and based on this would you change your answer for Question #1?
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