Q1: For October, what was the total amount spent on resources? A1: Q2: How many

Question

Q1: For October, what was the total amount spent on resources?

A1:

Q2: How many rugs did the company clean per gallon of solvent in October?

A2:

Q3: How many rugs did the company clean per hour of labor in November?

A3:

Q4: Did the company increase its labor productivity from November to December? How much?

A4:

Q5: What was the multifactor productivity in October?

A5:

Q6: What was the multifactor productivity in November?

A6:

Q7: What was the multifactor productivity in December?

A7:

Q8: What was the percent increase in multifactor Productivity from October to November?

            Hint: Percent Increase = (New Number – Old Number) / Old Number and change to %

A8:

Q9: What was the percent increase in multifactor Productivity from November to December?

            Hint: Percent Increase = (New Number – Old Number) / Old Number and change to %

A9:

Q10: Overall, is the company becoming more efficient? How would you justify that answer?

A10:

Units output / Units of Resource Units output / input dollars October Units Cost Per Unit Input Dollars Productivity Productivity Labor (Hours) 520 $                                         13.00 $        6,760 0.125                                   0.010 Solvent (Gallons) 100 $                                           5.00 $           500 0.65                                   0.130 Machine Rental (days) 20 $                                         50.00 $        1,000 3.25                                   0.065 Units Produced (Rugs) 65 Total $        8,260 Multifactor Productivity           0.008 Unit/input dollar Units output / Units of Resource Units output / input dollars November Units Cost Per Unit Input Dollars Productivity Productivity Labor (Hours) 720 $                                         13.00 $        9,360                                                   0.14                                   0.011 Solvent (Gallons) 110 $                                           5.00 $           550                                                   0.91                                   0.182 Machine Rental (days) 25 $                                         50.00 $        1,250                                                   4.00                                   0.080 Units Produced (Rugs) 100 Total $   11,160 Multifactor Productivity           0.009 Units output / Units of Resource Units output / input dollars December Units Cost Per Unit Input Dollars Productivity Productivity Labor (Hours) 960 $                                         13.00 $      12,480                                                   0.26                                   0.020 Solvent (Gallons) 125 $                                           5.00 $           625                                                   2.00                                   0.400 Machine Rental (days) 35 $                                         50.00 $        1,750                                                   7.14                                   0.143 Units Produced (Rugs) 250 Total $   14,855 Multifactor Productivity           0.017

Explanation / Answer

1) October, what was the total amount spent on resources = $8260

2) No of rugs company clean per gallon of solvent in october is 65/100 = 0.65

3) No of rugs company clean per hour in november = 100/720 = 0.14

4) Yes. Company increased the labor productivity by 0.12

5) Multifactor productivity in October = 0.008

6) Multifactor productivity in November = 0.009

7) Multifactor productivity in December = 0.017

8) Percent increase in multifactor productivity from october to november = (0.009-0.008)/0.008 = 12.5%

9) Percent increase in multifactor productivity from november to december = (0.017-0.009)/0.009 = 88.89%

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