Larry\'s Auto Body Repair Shop had revenues that averaged $60,000 per week in Ap

Question

Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?

Explanation / Answer

in April total labor hour per week is (40*6)+(25*4) = 340 hours/week in May total labor hour per week is (40*6)+(10*2) = 260 hours/week so labor productivity per hour in April = 60,000/340 = $176.47 /hour and labor productivity per hour in May = 50,000/260 = $192.30 /hour so percentage change = (192.30-176.47)/(176.47)*100 => 8.97% increase in labor productivity answer if u still have any doubt post it as comment have a nice day !!!

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