Question: It has been stated in Physics that it is impossible to have a physical system with an efficiency greater than 100% (i.e. >1.0) when considering

It has been stated in Physics that it is impossible to have a physical system with an efficiency greater than 100% (i.e. >1.0) when considering energy out versus energy into the system. However, Jim's production center sent his manufacturing numbers as follows: (1) Labor 213 hours @ $7 / hour (2) Palleted materials 44 units / pallet @ $61 per pallet (3) Production center sold 234 units at $43 per unit What is Jim's efficiency in terms of dollars $ out / $ in?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!