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A catering company prepared and served 350 meals at an anniversary celebration last week using 8 workers. The week before, 4 workers prepared and served 275 meals at a wedding reception.
a. Calculate the labor productivity for each event. (Round your answers to 1 decimal place.)
Anniversary _______ meals/worker
Weddings ________ meals/worker
b. For which event was the labor productivity higher?
Wedding or Anniversary? _______________
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A plant purchases 150,000 units of an electrical component per year. The fixed ordering cost is $60. The unit cost is $0.25 if ordered in quantities less than 1000, $0.24 if order size is between 1,000 and 15,000, and $0.23 for orders of 15,000 or mo..
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