Labor productivity at Cleveland Tools Inc. assembly line was 35 units per hour in 2018. In...
Labor productivity at Cleveland Tools Inc. assembly line was 35 units per hour in 2018. In 2019, labor productivity was 33 units per hour. What was the productivity growth from 2018 to 2019?
Homework Answers
% CHANGE IN PRODUCTIVITY
CHANGE IN PRODUCTIVITY = ((NEW PRODUCTIVITY - OLD PRODUCTIVITY) / OLD PRODUCTIVITY) * 100
= ((33 - 35) / 35) * 100 = -5.714285714 OR -5.71
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Labor productivity at Cleveland Tools Inc. assembly line was 35
units per hour in 2018. In...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is $4250 on straight time (the first 8 hours). Workers are guaranteed a minimum of 5 hours. There is a 35% premium for overtime, however, productivity for overtime drops by 10%. What are the average and marginal costs per unit for the following daily quantities? (a) 350 (b) 500 (c) 640 (d) 850
An assembly line can produce 90 units per hour. The line's hourly cost (total salaries of...
An assembly line can produce 90 units per hour. The line's hourly cost (total salaries of workers) is $4,248 an hour (the first 8 hours). Workers are guaranteed a minimum of 6 hours (i.e., they will be paid for 6 hours per day, even if they work less than 6 hours). There is a 50% premium for overtime (i.e., salary is increased 50% during overtime hours), however, productivity for overtime drops by 8% (i.e, the number of units produced per...
1- An assembly line can produce 90 units per hour. The line’s hourly cost is $4,500...
1- An assembly line can produce 90 units per hour. The line’s hourly cost is $4,500 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is a 50% premium for overtime, however, productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities? 450 600 720 900 2- Owning, operating and maintaining an automobile carries with it private internal costs to the driver, as...
2. Dell Corporation is looking to increase productivity of its laptop assembly line in Juarez, Mexico....
2. Dell Corporation is looking to increase productivity of its laptop assembly line in Juarez, Mexico. They are currently experiencing a unit/labor hour productivity ratio of .52 and most of their other plants are achieving .62 or better. The new plant manager promised immediate improvement. Here is the current week's data: Units produced in a five day work week = 4,612 60 workers on the 1 shift (8 hour shift) 60 workers on the 2nd shift (8 hour shift) 50...
2. A chair manufacturer hires its assembly-line labor for $20 an hour and calculates that the...
2. A chair manufacturer hires its assembly-line labor for $20 an hour and calculates that the rental cost of its machinery is $30 per hour. Suppose that a chair can be produced using 4 hours of labor or machinery in any combination. a. What is the long-run total cost curve? b. What is the short-run total cost curve if capital is fixed at K?
The table below is of hourly labor productivity (i.e., output per employee). Rice Wheat Labor Productivity:...
The table below is of hourly labor productivity (i.e., output per employee). Rice Wheat Labor Productivity: China 10 kg/hour 4 kg/hour Labor Productivity: Japan 8 kg/hour 6 kg/hour What are the absolute advantages in this example? What are the comparative advantages in this example? How do you know this? After a trade liberalization what would China export and import? Why? After a trade liberalization what would Japan gain? Why?
Textron Manufacturing Inc. assembles industrial testing instruments in two departments, assembly and testing. Operating data for...
Textron Manufacturing Inc. assembles industrial testing instruments in two departments, assembly and testing. Operating data for the current and prior year follow: Current Year Prior Year Assembly department Actual direct labor hours per instrument 20 28 Actual wage rate per hour $ 41 $ 35 Standard direct labor hours per instrument 21 27 Standard wage rate per hour $ 40 $ 33 Testing department Actual direct labor hours per instrument 10 12 Actual wage rate per hour $ 30 $...
Labor productivity is the value of the production or output per worker. the production or output...
Labor productivity is the value of the production or output per worker. the production or output per hour. the production or output per worker per hour. Because of the compounding effect, large yearly growth rates are needed to achieve sustained growth. small changes in economic growth rate lead to large GDP changes over time. interest compounding allow the economy to grow faster.
Information about Beagle Corporation is as follows: 2018 2019 Output (units) 59,000 63,000 Selling price per...
Information about Beagle Corporation is as follows: 2018 2019 Output (units) 59,000 63,000 Selling price per unit $32.00 $36.00 Input quantities: Materials (pounds) 3,100 3,500 Labor (hours) 1,800 1,925 Input prices: Materials (per pound) $8.00 $ 9.50 Labor (per hour) 9.00 10.00 What is the materials productivity ratio for 2018? (Round the answer to two decimal places.) a.18.00 b.19.03 c.16.86 d.32.73
1. (i) A bicycle assembly shop has four employees (one supervisor and three workers) who assemble...
1. (i) A bicycle assembly shop has four employees (one supervisor and three workers) who assemble 175 bikes each week. Employees work five days a week, and 8 hours a day. Labor costs are $ 20 per hour for the supervisor and 12.50 per hour for the workers. The tools and equipment used in the assembly process cost $ 60,000. Capital expenses are 15% of costs per year. Utilities and supplies cost $ 28,000 a year. Assume 52 weeks per...
2-8 A An assembly line can produce 80 units per hour. The line's hourly cost is $4250 on straight time (the first 8 hours). Workers are guaranteed a minimum of 5 hours. There is a 35% premium for overtime, however, productivity for overtime drops by 10%. What are the average and marginal costs per unit for the following daily quantities? (a) 350 (b) 500 (c) 640 (d) 850
An assembly line can produce 90 units per hour. The line's hourly cost (total salaries of workers) is $4,248 an hour (the first 8 hours). Workers are guaranteed a minimum of 6 hours (i.e., they will be paid for 6 hours per day, even if they work less than 6 hours). There is a 50% premium for overtime (i.e., salary is increased 50% during overtime hours), however, productivity for overtime drops by 8% (i.e, the number of units produced per...
2. Dell Corporation is looking to increase productivity of its laptop assembly line in Juarez, Mexico. They are currently experiencing a unit/labor hour productivity ratio of .52 and most of their other plants are achieving .62 or better. The new plant manager promised immediate improvement. Here is the current week's data: Units produced in a five day work week = 4,612 60 workers on the 1 shift (8 hour shift) 60 workers on the 2nd shift (8 hour shift) 50...
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