Question
Consider the following information. Unit Selling Price Total Units Sold Labor Hours Labor Cost/Hour Material Usage (lbs.) Material Cost/lb. Other Costs a. C. b.
Consider the following information. Unit Selling Price Total Units Sold Labor Hours Labor Cost/Hour Material Usage (lbs.) Material Cost/lb. Other Costs a. C. b. First Quarter $15.00 12,000 10,000 $9.00 5,000 $12.00 $25,000 Second Quarter $17.00 11,500 9,500 $10.00 7,500 $10.50 $30,000 Which quarter, first or second, had the higher labor productivity (output quantity per labor dollar input)? Which quarter, first or second, had the higher material productivity (output quantity per material dollar input)? Which quarter, first or second, had the higher total productivity (dollar output per total dollar input)?
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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