Question
The company ABG manufactures men's suits. All the staff of the company has attended a training program in total quality. After the implementation of the
The company ABG manufactures men's suits. All the staff of the company has attended a training program in total quality. After the implementation of the programme it has been found that for every 360 man-hours worked, employees produce 128 suits. Of these, 8 are considered B quality or defective and are sold in the small shop in the company's factory at a price of 90 Euros each. The rest are sold in shops at a price of 200 Euros each. The cost of the materials is EUR 70 per suit. The production of the factory before the training of employees amounted to 132 suits for 360 man-hours with a revenue for the company of 20.680 Euro.
Requests
1.The labour productivity after the training of the employees
2.The company has decided to give 50% of the monetary benefit arising from the increase in productivity due to training back to its employees in the form of cash incentives. Calculate the amount that will be returned to the employees for each man-hour of work.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started