Answer:
The percentage change in productivity (dollars output per labor hour) from April to May is 10.37%.
Explanation:
This can be calculated using the following 3 steps:
Step 1. Calculation of productivity in April
Sales in April = $46,000
Total full-time hours worked in April = 40 * 8 * 4 = 1,280
Total part-time hours worked in April = 9 * 6 * 4 = 216
Total hours worked in April = Total full-time hours worked in April + Total part-time hours worked in April = 1,496
Productivity in April = Sales in April / Total hours worked in April = $46,000 / 1,496 = $30.75 per hour
Step 2. Calculation of productivity in May
Sales in May = $55,800
Total full-time hours worked in May = 40 * 8 * 4 = 1,280
Total part-time hours worked in May = 13 * 7 * 4 = 364
Total hours worked in May = Total full-time hours worked in May + Total part-time hours worked in May = 1,644
Productivity in May = Sales in May / Total hours worked in May = $55,800 / 1,644 = $33.94 per hour
Step 3. Calculation of percentage change in productivity (dollars output per labor hour) from April to May
Percentage change in productivity = ((Productivity in May - Productivity in April) / Productivity in May) * 100 = (($33.94 - $30.75) / $30.75) * 100 = 10.37%
Therefore, the percentage change in productivity (dollars output per labor hour) from April to May is 10.37%.
