Homework Answers
| 1) | Total output (sales revenue) = output cages* sales price per unit | |||||
| =50500 cages *$3.40 per unit | ||||||
| $ 1,71,700 | ||||||
| Total Input | ||||||
| Wages = 630 labor hours *$7.40 | $ 4,662 | |||||
| Raw materials | $ 31,000 | |||||
| Components | $ 15,450 | |||||
| Total input | $ 51,112 | |||||
| Total productivity in units sold= Output in units / Input in dollars | ||||||
| =50500 cages/$51112 | ||||||
| = | 0.99 | per dollar input | ||||
| 2) | ||||||
| Total productivity in dollars= Output in dollars / Input | ||||||
| =$171700/51112 | ||||||
| = | $ 3.36 | per unit input | ||||
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