Question

The questions are attached.

Please provide detailed solutions to the following problems/exercises (2 problems/exercises x 8 points each) 1) The table given below gives the output and labor hour figures for a firm manufacturing toys Week Output (in units)Labor Hours 1 1,850 1,361 2,122 2,638 2,599 2,867 200 2 150 150 3 4 250 5 250 300 6 a) Calculate the labor productivity for each week b) Calculate the average labor productivity for all six weeks. c) Do any of the weeks seem unusual? If so, explain 2) A firm sells apparel through its website and through telemarketers. Over the past six years, the firm has started to depend more and more on its website to generate sales. The table below gives the total sales, telemarketers' costs, and web site costs for the past six years. Telemarketers' Costs ($)Website Costs ($) 200,000 210,000 221,000 Year Total Sales ($) 2008 4,790,000 20095,750,000 2010 6,900,000 2011 8,280,000 2012 9,930,000 2013 11,920,000 50,000 65,000 85,000 110,000 145,000 190,000 230,000 245,000 255,000 a) Calculate the productivity for the telemarketers for each of the past six years. Interpret the results. b) Calculate the productivity for the website for each of the past six years. Interpret the results. c) Compare your results in parts a) and b). What are the limitations of these single factor productivity measures? d) Calculate a multifactor productivity score for each year. Interpret the results. What do you conclude? Upload the completed assignment using the file extension format Lastname_Firstname_Week1.doc Refer to the "Submissions" section in the "Annexure to Syllabus" document and the "Assessment Rubrics" document for more information/instructions regarding assignment submissions

Answer 1

Answer 1:

a)

week	Output	Labor hours	Labor productivity= Output/labor hours
1	1850	200	9.25
2	1361	150	9.07
3	2122	150	14.15
4	2638	250	10.55
5	2599	250	10.40
6	2867	300	9.56
		Average=	10.50

b) the average of labor productivity= 10.50 units per hour

c) Week 3 seems to be unusual because week 3 labor productivity is much higher than the average labor productivity. Week 3 labor productivity is 14.15 while the average labor productivity is 10.50.

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