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 $2,500 for modifications to the bakery's ovens to make them more energy efficient. The modifications were supposed to make the ovens at least 15% more efficient. Brown has asked you to check the energy savings of the new ovens and also to look over other measures of the bakery's productivity to see if the modifications were beneficial. You have the following data to work with:
Last Year |
Now |
|
Production (dozen) |
1,500 |
1,500 |
Labor (hours) |
340 |
325 |
Capital Investment ($) |
15,000 |
17,500 |
Energy (BTU) |
3,000 |
2,800 |
Energy productivity increase = ______%
(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).
Captial productivity increase _____%
(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).
labor productivity increase ______%
(enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).
Energy Prodictivity:
Last year: (1500*12) /3000 = 6.0 loaves/BTU
Now: (1500*12) /2800 = 6.43 loaves/BTU
Percent Change: ((6.43-6)/6) *100= 7.16%
Energy productivity increase= 7.16%
There has definitely been an increase in the energy productivity which means there have been savings in energy.
Capital productivity:
Last year: 1500*12/15000 = 1.2 loaves/$ investment
Now: 1500*12/17500 = 1.03 loaves/$ investment
Percent Change: (1.03-1.2)/1.2*100= -14.17%
However as we can see there have been a decrease in the investment productivity.
Captial productivity increase -14.17%
Labor productivity:
Last year: 1500*12/340 = 52.94 loaves/labor hour
Now: 1500*12/325 = 55.38 loaves/labor hour
Percent Change: (55.38-52.94)/52.94*100= 4.60 %
There is also an increase in labor productivity
Labor productivity increase 4.60%
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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