Professor's Statement:

Read about productivity in the chapter and check the textbook example (attached). For those not coming, I want to stress that in addition to necessary calculations (with Excel formulas!) you should make a nice well-formatted pie chart, and compose a small but informative report. The quality of the chart and report is important, so please, refresh your basic knowledge of Excel.

Link to assignment:

https://forummontevallo-my.sharepoint.com/:x:/g/personal/awatts6_forum_montevallo_edu/ERW1OE8yoNxBk_5OcBidCdsBewD2KlHmbnnfrLy3SOFukg?e=y9QRuI&nav=MTVfe0I3QTk3QkM2LUVFQzctNDI4QS04REIzLUIzMDlBNTZEOEQ5Rn0

Textbook example (I think):

Exhibit 2.4 Examples of Productivity Measures Output Output Partial measure Output Output Labor Capital Materials Energy Multifactor measure Output Output Labor + Capital + Energy Labor + Capital + Materials Output Total measure Goods and services produced Inputs or All resources used Input and Output Production Data ($1,000) Productivity Measure Examples Output Total measure 1. Finished units $ 10,000 Total output 13,500 Total input - 15, 193 = 0.89 2. Work-in-process 2,500 3. Dividends 1,000 Multifactor measures: Total output $ 13,500 Total output 13,500 Labor + Material - 3. 153 = 4.28 Finished units 10,000 Labor + Material - 3,153 = 3.17 Input 1. Labor $ 153 Partial measures: 2. Material 3,000 3. Capital 10,000 Total output 13,500 540 = 25 4. Energy 540 Energy 5. Other expenses 1,500 Total output Labor = 13.500 153 = 88.2 Total input $ 15,193 Partial Measures of Productivity Business Productivity Measure Restaurant Customers (meals) per labor hour Retail store Sales per square foot Chicken farm Lb. of meat per lb. of feed Utility plant Kilowatt hours per ton of coal Paper mill Tons of paper per cord of wood