Question

11 Part 2 Help Seave& ExitSubmit 2 A retail store had sales of $45,300 in April and $55,200 in May. The store employs eight full time workers who work a 40-hour week ih Aprilthe store also had seven parttime workers at 13 hours per week·ard in Maythe store had eight pat-timers at tr hours per week lassume four weeks in each monthi Using sales dollars as the measure of output, what is the percentage change in producoivity (dollars ourput per labor hou] from April to May? (Round your intermediate calculations and finel answer to 2 decimel places) ผ0928 WE

Answer 1

Sales in April = $45,100

Number of full time workers = 8

Total working hours in a week= 40*8

= 320

Number of part time workers = 7

Total working hours in a week = 13*7

= 91

Total Working hours in April = 320*4 + 91*4 (As there are 4 weeks in each month)

= 1644

Productivity = 45100/1644

= 27.43 dollars per labor

Sales in May = $55,200

Number of full time workers = 8

Total working hours in a week= 40*8

= 320

Number of part time workers = 8

Total working hours in a week = 17*8

= 136

Total Working hours in April = 320*4 + 136*4    (As there are 4 weeks in each month)

= 1824

Productivity = 55200/1824

= 30.26 dollars per labor

Change in productivity = {(30.26-27.43)/27.43}*100

= 10.32%