Calculate productivity as dollar sales per dollar input

Reference no: EM13952952

Franklin Manufacturing typically produces 500 chairs per day. On average, each chair requires 1 hour of labor valued at $10 per hour. Material and overhead costs average $5 per chair and $2500 per day, respectively. Franklin sells these chairs to a retailer for $40 each. What is themultifactorproductivity for a typical day? Calculate productivity as dollar sales per dollar input. Enter only the numerical answer rounded to the nearest whole number.

Reference no: EM13952952

Questions Cloud

What is the hypothesis set for a two-tailed test : We suspect that the average fasting blood sugar level of Mexican Americans is 108. A random sample of 225 clinic patients (all Mexican American) yields a mean blood sugar level of 119 (S2 = 100). Test the hypothesis that µ. = 108. What is the ..

A factor but a small factor : Knowing an estimate of what it ultimately costs to make all of those changes may be a factor but a small factor. If you don't have any customer base it does not matter how much money your company has. The level of harm that is being caused to people ..

What is the return on the given investment : What is the return on this investment? How would you decide whether this outlet should continue to be operated, sold as a going concern, or demolished and the land sold?

What makes mirror reflective : What makes mirror reflective?

Calculate productivity as dollar sales per dollar input : Franklin sells these chairs to a retailer for $40 each. What is themultifactorproductivity for a typical day? Calculate productivity as dollar sales per dollar input. Enter only the numerical answer rounded to the nearest whole number.

Level of market concentration in the industry : Consider the following questions: What are the main companies in the industry? What is the level of market concentration in the industry? To what extent are the products/services from this industry homogenous?

Using the all investments involve risk : Using the All investments involve risk. The return an investor may expect from income and/or capital appreciation might not occur. Understanding risk, the sources of risk, and how to measure it are critical concepts to master.On pages 173-175 of the ..

Which interviewing strategies used by the interviewer : Describe one interview strategy you believe was effectively modeled. Explain why it was effective. Which interviewing strategies used by the interviewer in the media would you avoid, and why

What test statistic should be used : Consider a sample of size 5 from a normal population with a variance of 5 and a mean of zero under the null hypothesis. Find the critical values for a 0.05 two-sided significance test of the mean equals zero versus the mean dif- fers from zero.

User Account

All Pages