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1. (SHOW YOUR OMPLETE WORK) A company reports the following data for one of its products for the first two quarters of year 2022
1. (SHOW YOUR OMPLETE WORK) A company reports the following data for one of its products for the first two quarters of year 2022 Output: Saks Inputs: Labor Machine Raw Materials Energy Other Costs Quarter 1, 2022 413.250 units sold at $10 per unit 3,325 labor-hours at 516 per labor- hour 8,130 machine-hours at $8 per machine-hour 4,050 pounds at $3 per pound 6,600 kWhs at 50.14 per kWh $5,745 Quarter 2, 2022 440,000 units sold at $9.50 per unit 3,600 labor-hours at 516 per labor hour 8.500 machine-hours at $8 per machine-hour 4.350 pounds at $3 per pound 7,100 kWhs at $0.14 per kWh $6,835 a Calculate the energy productivities (expressed in units sold per dollar invested in energy) in quarters 1 and 2. Find the percentage change in energy productivity from quarter I to quarter 2. 16 points b. Calculate the material productivities (expressed in units sold per pound of raw materials) in quarters 1 and 2. Find the percentage change in material productivity from quarter 1 to quarter 2 14 points] Calculate the machine productivities (expressed in sales dollars earned per machine-hour) in quarters I a 1 and 2. F 2. Find the percentage change in machine productivity from quarter 1 to quarter 2. 16 points] d. Calculate the labor productivities (expressed in sales dollars earned per dollar invested in labor) in quarters 1 and 2. Find the percentage change in labor productivity from quarter 1 to quarter 2. 18 points] e. Calculate the machine-energy productivities (expressed in sales dollars earned per dollar invested in machine and energy) in quarters 1 and 2. Find the percentage change in machine- energy productivity from quarter 1 to quarter 2. 112 points] Calculate the labor-material productivities (expressed in units sold per dollar invested in labor and raw materials) in quarters 1 and 2. Find the percentage change in labor-material productivity from quarter 1 to quarter 2. [10 points] Calculate the labor-machine-material productivities (expressed in sales dollars earned per dollar invested in labor, machine, and raw materials) in quarters 1 and 2. Find the percentage change in labor-machine-material productivity from quarter 1 to quarter 2 [15 points] h. Calculate the total factor productivities (expressed in units sold per total dollar invested in labor, machine, raw materials, energy, and other costs) in quarters 1 and 2. Find the percentage change in total factor productivity from quarter 1 to quarter 2 [17 points] 2. (SHOW YOUR COMPLETE WORK) A retail store had sales of $750,000 in July and $800,000 in August. The store has 8 full-time employees and each employee works 9 hours per day. In the month of July, the store also had 4 part-time employees and each part-time employee worked 4 hours per day. In the month of August, the store also had 3 part-time employees and each part-time employee worked 5 hours per day. Assume that there are 21 work days in July and 23 work days in August Find the labor productivity (expressed in sales dollars earned per labor-hour) for the month of July 16 points] b. Find the labor productivity (expressed in sales dollars earned per labor-hour) for the month of August. c. Find the percentage change in labor productivity from July to August. 16 points] 12 points] 3. (SHOW YOUR COMPLETE WORK) In the year 2022, a factory plans to produce 2,527,200 units in order to meet the demand forecast. To accomplish this, each worker will work 9 hours per day. Each worker will work 312 days in the year. If the labor productivity at the factory is 12 units per labor-hour, how many workers are employed at the factory? [6 points] 4. AU.S. company has two manufacturing plants, one in the United States and one in another country. Both produce the same product, each for sale in their respective countries. However, their labor productivity figures are quite different. The analyst thinks this is because the US. plant uses more automated equipment for processing while the other plant uses a higher percentage of labor. Explain how the labor productivity figures can be misleading in this scenario. 14 points] 5. Select a company (NOT DISCUSSED IN THE POWERPOINT/TEXTBOOK) that competes using the differentiation strategy and discuss how it implements this strategy. Cite your sources, if used 15 points] 6. Select a company (NOT DISCUSSED IN THE POWERPOINT/TEXTBOOK), identify and state its mission, and explain the strategies that support its mission. Cite your sources, if used. 16 points]
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