A company currently produces an average of 66 lamps a day. The material cost in the...
A company currently produces an average of 66 lamps a day. The material cost in the lamp production is $10 per lamp. The company’s utility cost is 16 dollars per day. It currently has 9 employees, who work 8 hours a day and get paid $15 per hour per employee. Please calculate the company's total productivity (unit/$).
Homework Answers
Total Number of Lamps produced per day = 66
Material cost = $10 per lamp
= 10*66
= $660
Utility Cost = $16 per day
Total Number of employees = 9
Each employee work 8 hours per day
Total Work hours = 9*8
= 72 hours
Compensation per hour per employee = $15
Total compensation = 15*72
= $1080
Total Expense = (660+16+1080)
= $1756
Productivity = Total number of Lamps/Total Expense
= 66/1756
= 0.038 Lamps/$
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