QUESTION 1 10 points Save Answer Last week a firm produced 780 units of its sign

Question

QUESTION 1 10 points Save Answer Last week a firm produced 780 units of its signature product. In producing those units, 3 employees worked 21 hours each. In units per labor hour, what was labor productivity? QUESTION 2 10 points Save Answer Currently, at Xyz Corp. 4 workers working 34 hours (each) per week can produce 1,551 units per week. If labor productivity (units per hour) is to be increased by 6 percent, by how much will weekly per-worker hours have to be reduced? QUESTION 3 10 points Save Answer In producing 254 units of our signature product, we require 89 hours of labor, 418 dollars worth of overhead, and 71 units of material. Labor costs 30 per hour and material costs 18 per unit. A unit of output is work 459. What is our multifactorial productivity? QUESTION 4 10 points Save Answer Last year, to produce 267 units of our signature product, we required 76 hours of labor, 366 dollars worth of overhead, and 60 units of material. During that time period, labor cost 39 per hour and material cost 28 per unit, and a unit of output was worth 521. If this year everything stays the same except a 10 decline in the value of a unit of output, what will be our multifactorial productivity?

Explanation / Answer

Qs 1) Output = 780 units

3 employees worked 21 hours each. So total labor input = 21x3 = 63 hours

Labor productivity = output/Total labor input

= 780 units / 63 hours

= 12.38 units per labor hour

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