All categories

3 years ago

A workgroup of 5 workers produced 500 units of output in a certain month working 22 days (8 hours per day).

Business

1 answer:

Sedbober [7]3 years ago

5 0

Answer:

The question continues ; b) Suppose that in the next month, the same work group produced 600 units but there were only 20 workdays in the month. Using the same productivity measures as before, determine the productivity index using the prior month as a base.

Explanation:

given 5 workers produced 500units working 8hrs/day for 22days

We calculate the output unit for each per worker for a month, a day and an hr;

Monthly output unit = 500/5 = 100 = LPR = Productivity ratios

daily output unit = 500/ 5x22 = 4.545 = LPR

hourly output unit = 500/ 22x8x5 = 0.568 = LPR

similarly for 600units produced by the same number but in 20days

Monthly output unit = 600/5 = 120 = LPR = Productivity ratios

daily output unit = 600/ 5x20 = 6.0 = LPR

hourly output unit = 600/ 20x8x5 = 0.75 = LPR

To calculate their productivity index ;

LPI = 120/100 = 1.2 = Monthly output unit

LPI = 6.0/4.545 = 1.32 = daily output unit

LPI = 0.75/0.568 = 1.32 = hourly output unit

You might be interested in

A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the maximum interest rate the bu

galina1969 [7]

Answer:

0.811% per month is the amximum rate it can affor

or 9.732% annual rate with monhly compounding.

Explanation:

We have to solve for the rate at which the monthly payment equals 900 dollars.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 900.00

time 240

rate r

PV $95,000.0000

$900 \times \frac{1-(1+r)^{-240} }{r} = 95,000\\$

Given the complexity of the formula we solve using excel or a financial calcualtor

we write on a1 =PV(A2;240;95000)

on a2 we write any number between 0 and 1

then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)

the value of A2 after this is our answer:

$900 \times \frac{1-(1+0.00811)^{-240} }{0.00811} = PV\\$

PV $95,000.0000

5 0

3 years ago

What is a stock market

Dahasolnce [82]

It is a stock exchange

5 0

3 years ago

Read 2 more answers

Why does the government plan its financial expenditure framework for a period of five years?

drek231 [11]

This is to ensure that they complete the project within the appointed period of time as well as within the budget given to them. It also shows how effective the government is in implementing their projects. If they don’t do so within the period and the budget then people will question their efficiency in completing their assignments and project within the period prescribed.

7 0

3 years ago

Winter Company earned revenues of $150,000 in cash and $200,000 on account during 2018. Of the $200,000 on account, $63,000

ICE Princess25 [194]

Answer:

$235,000

Explanation:

Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.

Revenue is also recognized in the period earned and not necessarily when cash is collected.

Total revenue in 2018 = $200,000 + $150,000

= $350,000

Net income is the difference between the revenue and expense

Net income in 2018 = $350,000 - $115,000

= $235,000

8 0

3 years ago

Kyoko is managing a team of people who are working on a critical project. she wants to use positive reinforcement, but the days

Harrizon [31]

Kyoko needs to find the time.

When people’s days are busy they need to prioritize their tasks and do the ones that are the most important. Kyoko needs to make the use of positive reinforcement one of their priorities for the day. Another thing to consider is doing positive reinforcement while doing something else. For instance, praising the quality of someone’s work while doing another task.

5 0

3 years ago