Question

Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes 1 comma 000 tires per day with the following​ resources: ​Labor: 425 hours per day ​@​ $12.50 per hour Raw​ Material: 21 comma 000 pounds per day​ @ ​$1.50 per pound ​Energy: ​$5 comma 000 per day ​Capital: ​$10 comma 000 per day ​a) Labor productivity per labor hour for these tires​ = nothing ​tires/labor hour ​(round your response to two decimal​ places).

Answer 1

Answer:

Labor productivity= 2.35 tires per hour of work

Explanation:

Giving the following information:

Fok makes 1,000 tires per day with the following​ resources: ​

Labor: 425 hours per day ​at $12.50 per hour.

The labor productivity is calculated based on the number of units made divided by the amounts of hours required:

Labor productivity= 1,000/425= 2.35 tires per hour of work