I need help solving for the monthly change. Please explain
Our examples in the chapter have focused on manufacturing, where the output is units of product and the inputs are manufacturing activities or costs. The concept of productivity can be applied in a variety of settings, wherever there are inputs and outputs. For example, consider LandscapeCity, a landscape design company that specializes in small landscape projects for people living in cities. Amanda Caldwell, the assistant manager, is in the process of trying to determine if productivity has been improving since she was hired 6 months ago. Because it is a design firm, labor is the only significant expense, but Amanda is unsure if the number of projects or the dollar of sales volume should be used when computing productivity. She has collected these data for sales and labor expenses for the past 6 months: Month Labor Expense $16,470 19,200 19,392 13,194 13,926 20,592 Number of Projects 34 40 50 13 UAWN Sales Dollars $20,090 21,900 28,780 18,560 21,680 21,520 Required: 1. Calculate the productivity for each month and the change in productivity from month to month using number of projects as the measure of output. 2. Calculate the productivity for each month and the change in productivity from month to month using sales dollars as the measure of output. Complete this question by entering your answers in the tabs below. Required Required Calculate the productivity for each month and the change in productivity from month to month using number of projects as the measure of output. (Round your answers to 4 decimal places. Negative amounts should be indicated by a minus sign.) Show less Labor Number of Month itu, Monthly Expense Projects Productivity Change $ 16,470 0.00210 $ 19,200 401 0.0021 0.0000 $ 19,392 50 0.0026 0.0005 | $ 13,194 0.0010 5 | $ 13,926 0.00132 0.0003 6 $ 20,592 500.0024 0.0011 34 Our examples in the chapter have focused on manufacturing, where the output is units of product and the inputs are manufacturing activities or costs. The concept of productivity can be applied in a variety of settings, wherever there are inputs and outputs. For example, consider Landscape City, a landscape design company that specializes in small landscape projects for people living in cities. Amanda Caldwell, the assistant manager, is in the process of trying to determine if productivity has been improving since she was hired 6 months ago. Because it is a design firm, labor is the only significant expense, but Amanda is unsure if the number of projects or the dollar of sales volume should be used when computing productivity. She has collected these data for sales and labor expenses for the past 6 months: Number of Projects Month 34 UAWNE Labor Expense $ 16, 470 19,200 19,392 13,194 13,926 20,592 40 50 Sales Dollars $ 20,090 21,900 28,780 18,560 21,680 21,520 13 50 Required: 1. Calculate the productivity for each month and the change in productivity from month to month using number of projects as the measure of output. 2. Calculate the productivity for each month and the change in productivity from month to month using sales dollars as the measure of output. Complete this question by entering your answers in the tabs below. Required Required Dollars Productivity Monthly Calculate the productivity for each month and the change in productivity from month to month using sales dollars as the measure of output. (Round your answers to 4 decimal places. Negative amounts should be indicated by a minus sign.) Show less Labor Sales Month vity Change $ 16,470 $ 20,0901 2 $ 19,200 $ 21,900 1.1406 3 $ 19,392 $ 28,7801 1.4841 4 $ 13,194 $ 18,560 1.4067 5 $ 13,926 $ 21,680 1.5568 6 $ 20,592 $ 21,520 1.0451 Expense
