Answer:
The average of the monthly productivity figures (units per machine hour):
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Total machine hours 1,240 1,128 1,925 1,236
Average productivity 1.77 1.50 1.40 2.34
Explanation:
a) Data and Calculations:
Production report:
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Hours per machine 310 188 385 309
Number of machines 4 6 5 4
Total machine hours 1,240 1,128 1,925 1,236
b) Productivity, according to Organization for Economic Co-operation and Development (OECD), is the ratio between the output volume and the volume of inputs. This means that productivity measures compute how efficiently production inputs are used to produce output. It can be measured with respect to labor, capital, and other production inputs or in aggregate with respect to all production inputs.
