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?
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