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2 answers:
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Answer:
(a) The Labor productivity per dollar = 0.0095 rugs/dollar.
(b) The Multifactor productivity = 0.0078 rugs/dollar.
Explanation:
Given information:
Number of rugs = 85
Labors: 525 hours at $17 per hour.
Total cost of labors = 525 × 17 = $8925
Solvent: 120 gallons at $8 per hour.
Total cost of solvent = 120 × 8 = $960
Machine Rental: 20 days at $50 per hour.
Total rent = 20 × 50 = $1000
Total cost = Total cost of labors + Total cost of solvent + Total rent
Total cost = $8925 +$960 +$1000 =$10885
(a)
We need to find Labor productivity per dollar.
Therefore the Labor productivity per dollar = 0.0095 rugs/dollar.
(b)
We need to find the Multifactor productivity.
Therefore the Multifactor productivity = 0.0078 rugs/dollar.