Study for the department of labor statistics

Assignment Help Operation Management

Reference no: EM131479092

As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year.

Labor $6 per hour;

Capital 0.78% per month of investment;

Energy 0.85 per BTU.

a) Determine the multi factor productivity with dollars as the common denominator for last year.

The multifactor productivity with dollars as the common denominator for last year is (??) ?dozen/$. ?(Round your response to three decimal? places.)

b) Determine the multifactor productivity with dollars as the common denominator for this year.

The multifactor productivity with dollars as the common denominator for this year is (??) dozen/$. ?(Round your response to three decimal places.)

c) Determine the percent change in productivity for the monthly average last year versus the monthly average this year on a multifactor basis.

The percent change in productivity for the monthly average is (??) ?%.

(Round your response to one decimal place.)

Reference no: EM131479092

Questions Cloud

Environmental and industrial safety : Why not have mandatory ergonomics standards? Include viewpoints from both employees and employers.

Slimline and distributor signed a contract providing : Slimline and Distributor signed a contract providing that Distributor would usereasonable efforts to promote and sell Slimline’s diet drink.

Implement effective communication methodology : what steps should the management take to implement effective communication methodology?

Successful negotiation : Describe how by capitalizing your strengths, you are more likely to reach a resolution that truly satisfies your personality.

Study for the department of labor statistics : As part of a study for the Department of Labor Statistics, Determine the multi factor productivity with dollars as the common denominator for last year.

What are the personal attributes : What are the personal attributes that affect a founders chances of launching a succesful new firm

A job has been time-studied for several cycles : A job has been time-studied for several cycles, and the mean actual time was found to be 1.84 minutes.

What else do you need to know about e-business : What is the most practical and easily applied lesson you learned? What was the hardest to grasp? Why? What else do you need to know about E-Business?

How do you see the campaign as integrated : What demographic is being addressed. How do you see the campaign as integrated?

User Account

All Pages