Question: Question 1 One company has implemented several programs to improve productivity. They want to evaluate the firm's productivity by comparing this year's performance with the

Question 1 One company has implemented several

Question 1 One company has implemented several programs to improve productivity. They want to evaluate the firm's productivity by comparing this year's performance with the last year's. The following data are given: Category Output (units) Labor hours (hours) Raw materials (kg) Machine hours (hours) Capital (JD) Last year 80,000 5,000 12,000 35,000 480,000 This year 96,000 6,250 13,800 38,500 510,000 Note: Cost for labor hour is 4 JD/hour; raw material is 5 JD/kg; and machine hour is 3 JD/hour Compute the following: a) Compute total productivity for the last year and this year b) Has total productivity for this year increased or decreased? Explain why c) Knowing that the manager has set an objective before the start of this year of increasing productivity by 10%, has the manager achieved this objective? Why

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!