please answer #4

homework - Productivity TLW Consulting has been concerned about declining profitability and the president has asked you to evaluate productivity over the past two years. After several weeks, you have managed to collect the following data about company operations. Billable Hours Labor Hours Travel Information Technology Management Overhead Capital Investment The average charge for billable hours is $300 and the average cost per labor hour is $100. Invested capital is exclusive of information technology investment, The productivity of an individual factor involves comparing the cost of that input factor to the value of the output, which is billable hours. 1. what is the output in hours? 2020=120,000hours2021=130,000hours 2.a. What is the labor productivity for 2020 in dollars? Output 2020 in dollars =120,000 hours $300 per hour = 36,000,000 Labor input dollars in 2020=150,000 hours $100 per hour = 15,000,000 Labor productivity in 2020=36,000,000/15,000,000=2.40 2.b. What is the labor productivity for 2021 in dollars? Output of 2021 in dollars =130,000 hours $300 per hour = 39,000,000 Labor input dollars in 2021=160,000 hours $100 per hour = 16,000,000 Labor productivity in 2021=39,000,000/16,000,000=2.4375 2.c. what is the percent change in productivity? Percentage change in productivity =(2.43752.40)/2.40x 100%=1.56% 3.a. What is the total-factor productivity (use all the inputs) for 2020 based on the above factors? (120,000300)/((150,000100)+4,000,000+3,200,000+5,000,000+3,000,000)=1.19 3.b. What is the multi-factor productivity for 2021? (130,000300)/((160,000100)+4,500,000+8,500,000+7,000,000+4,500,000)=0.99 3. c. What is the change in productivity from last year to this year? (1.190.99)/0.99=0.2020or20.20% Problem 4: How well is the company doing? What would you recommend to the Boss? (Thinking question) homework - Productivity TLW Consulting has been concerned about declining profitability and the president has asked you to evaluate productivity over the past two years. After several weeks, you have managed to collect the following data about company operations. Billable Hours Labor Hours Travel Information Technology Management Overhead Capital Investment The average charge for billable hours is $300 and the average cost per labor hour is $100. Invested capital is exclusive of information technology investment, The productivity of an individual factor involves comparing the cost of that input factor to the value of the output, which is billable hours. 1. what is the output in hours? 2020=120,000hours2021=130,000hours 2.a. What is the labor productivity for 2020 in dollars? Output 2020 in dollars =120,000 hours $300 per hour = 36,000,000 Labor input dollars in 2020=150,000 hours $100 per hour = 15,000,000 Labor productivity in 2020=36,000,000/15,000,000=2.40 2.b. What is the labor productivity for 2021 in dollars? Output of 2021 in dollars =130,000 hours $300 per hour = 39,000,000 Labor input dollars in 2021=160,000 hours $100 per hour = 16,000,000 Labor productivity in 2021=39,000,000/16,000,000=2.4375 2.c. what is the percent change in productivity? Percentage change in productivity =(2.43752.40)/2.40x 100%=1.56% 3.a. What is the total-factor productivity (use all the inputs) for 2020 based on the above factors? (120,000300)/((150,000100)+4,000,000+3,200,000+5,000,000+3,000,000)=1.19 3.b. What is the multi-factor productivity for 2021? (130,000300)/((160,000100)+4,500,000+8,500,000+7,000,000+4,500,000)=0.99 3. c. What is the change in productivity from last year to this year? (1.190.99)/0.99=0.2020or20.20% Problem 4: How well is the company doing? What would you recommend to the Boss? (Thinking question)