Question: Use Excel to solve the problem. Use the $ in formulas to solve the problems most efficiently . Seaside Manufacturing spent $5000 on a worker
Use Excel to solve the problem. Use the $ in formulas to solve the problems most efficiently.
Seaside Manufacturing spent $5000 on a worker training program that was supposed to increase worker productivity. The desired outcome of this program was that labor productivity would increase by 5%. Ashley Aramack, Director of Plant Operations, is concerned about whether or not the program attains the desired results before she trains additional workers using the program. Ashley wants to check the change in labor and material productivity to see if the program was really was beneficial. Ashley has the following data to work with
| Last Year | Now | |
| Production (Units) | 7000 | 8,500 |
| Labor (hours) | 1400 | 1650 |
| Capital Investment ($) | 18,000 | 23,000 |
| Energy (BTU) | 15,000 | 17,250 |
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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