Brown's, a local bakery, is worried about increased costs particularly energy. Last year's records can provide a fairly good estimate of the parameters for this year. Wende Brown, the owner, does not believe things have changed much, but she did invest an additional $2,500 for modifications to the bakery's ovens to make them more energy efficient. The modifications were supposed to make the ovens at least 15% more efficient. Brown has asked you to check the energy savings of the new ovens and also to look over other measures of the bakery's productivity to see if the modifications were beneficial. You have the following data to work with:
1. Energy productivity Change:
Last year : (1600*12) /3200 = 6.00/ BTU
Now : (1600*12) /2750 = 6.98/BTU
Percent Change: ((6.98-6.00)/6.00) *100= 16.33%
2. Capital Productivity Change:
Last year : (1600*12) /15,000 = 1.28/ BTU
Now : (1600*12) /17,500 = 1.09/BTU
Percent Change: ((1.09-1.28)/1.28) *100= -14.84%
3. Labor Productivity Change:
Last year : (1600*12) /350 = 54.86/ BTU
Now : (1600*12) /325 = 59.08/BTU
Percent Change: ((59.08-54.86)/54.86) *100= 7.69%
Brown's, a local bakery, is worried about increased costs particularly energy. Last year's records can provide...
Brown's, a local bakery, is worried about increased costs particularly energy. Last year's records can provide a fairly good estimate of the parameters for this year. Wende Brown, the owner, does not believe things have changed much, but she did invest an additional $2,500 for modifications to the bakery's ovens to make them more energy efficient. The modifications were supposed to make the ovens at least 15% more efficient. Brown has asked you to check the energy savings of the...
Last Year
Now
Production (dozen) 1,500 1,500
Labor (hours) 350 325
Capital Investment ($) 16,000 18,500
Energy (BTU) 3,000 2,800
Please answer and show all work.
Brown's, a local bakery, is worried about increased costs particularly energy. Last year's records can provide a fairly good estimate of the parameters for this year. Wende Brown, the owner, does not believe things have changed much, but she did invest an additional $2,500 for modifications to the bakery's ovens to make them...
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