Question: Use Excel to solve the problem. Use the $ in formulas to solve the problems most efficiently. Seaside Manufacturing spent $5000 on a worker training

Use Excel to solve the problem. Use the $ in formulas to solve the problems most efficiently.

Seaside Manufacturing spent $5000 on a worker training program that was supposed to increase worker productivity. The desired outcome of this program was that labor productivity would increase by 5%. Ashley Aramack, Director of Plant Operations, is concerned about whether or not the program attains the desired results before she trains additional workers using the program. Ashley wants to check the change in labor and energy productivity to see if the program was really was beneficial. Ashley has the following data to work with

Last Year

Now

Production (Units)

14000

17,000

Labor (hours)

2,800

3,300

Capital Investment ($)

36,000

41,000

Energy (BTU)

30,000

34,500

Calculate the productivities. Include the Units (9 points)

Last Year

Now

Labor Productivity

Capital Productivity

Energy Productivity

(3 points) What is the energy productivity increase or decrease __________________________

(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

(3 points) What is the labor productivity increase or decrease __________________________

(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

(3 points) Was the training program worthwhile based on the goal to make the labor force 5% more efficient? Why or why not?

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