Bears Unlimited has a staff of 4, each working 8 hours per day (for a payroll...
Bears Unlimited has a staff of 4, each working 8 hours per day (for a payroll cost of $640 per day) and overhead expenses of $400 per day. This company manufactures 8 wood decorations each day.
What is labor productivity ?
Homework Answers
Labor productivity is the per hour output from labor.
Labor productivity = output / input
Ouput = 8 wood decorations per day
Input = 4 labor with 8 hour shift = 32 hours
Labor productivity = 8/32 = 0.25 wood decorations per hour.
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