1. In 2017, BPhone produce 5000 mobile phones and the total labor used to make t

Question

1. In 2017, BPhone produce 5000 mobile phones and the total labor used to make the 5000 mobile phones is 4000 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?

1.000

2.8

0.357

d

e None of the above

1.25

2. Highland makes luxury cars. Below is information about the inputs and outputs for one model, the Speedy 5000.

Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.)

Question 2 options:

2.99 ± 0.05

2.79 ± 0.05

3.39 ± 0.05

2.59 ± 0.05

3.44 ± 0.05

a

1.000

b

2.8

c

0.357

d

e None of the above

1.25

2. Highland makes luxury cars. Below is information about the inputs and outputs for one model, the Speedy 5000.

Units sold 1,221 Sale price each $1,704 Total labor hours 46,555 Wage rate $13/hour Total materials $61,000 Total enegy $4,005

Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.)

Question 2 options:

a

2.99 ± 0.05

b

2.79 ± 0.05

c

3.39 ± 0.05

d

2.59 ± 0.05

e

3.44 ± 0.05

Explanation / Answer

Productivity Ratio = Output ( i.e the number of units produced) / Input (i.e the number of units of resource used )

Q1. Productivity ratio = Total output / number of labour hours

= 5000/ 4000

= 1.25

Option (d)

Q2. Productivity ratio = Sales revenue / Labour expense

Sales Revenue = Price per unit * Number of units sold = $1704 * 1221 = $2080584

Labour Expense = Wage rate per hour * Number of labour hours = $13 * 46555 = $605215

Therefor Productivity Ratio = $2080584 / $605215 = 3.44

Option(e)

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