Below are the monthly average data for a small business: Production 1,500 Labor 350 hours @...
Below are the monthly average data for a small business:
|
Production |
1,500 |
|
Labor |
350 hours @ $11 per hour |
|
Energy (BTU) |
3,000 BTU @ $0.60 per BTU |
|
Capital |
$10,000 |
What is the Energy productivity in this case?
What is the total productivity?
Homework Answers
Output = 1500 units
Labor input is 350 hours @ $11 per hour. So labor cost = 350 hours x $11 = $3850
Energy input is 3000 BTU @ $0.60 per BTU. SO energy cost = 3000 BTU x $0.60 = $1800
Capital cost = $10000
Total cost = labor cost + energy cost + capital cost
= $3850 + $1800 + $10000
= $15650
a) Energy productivity = output / Energy cost = 1500 units /$1800 = 0.83 units per dollar
b) Total productivity = output /Total cost
= 1500 units / $15650
= 0.10 units per dollar
Add Answer to:
Below are the monthly average data for a small business:
Production
1,500
Labor
350 hours @...
Last Year Now Production (dozen) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 16,000 ...
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
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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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