Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Bob Richards, the production manager of Stella Elements, in Boca Raton, Florida, is preparing his quarterly report, which is to include a productivity analysis for his department. One of the inputs is production data prepared by Alice Collins, his operations analyst. The report, which she gave him this morning, showed the following: 2015 2016 Production (units) 4,500 6,500 Raw material used (barrels of petroleum by-products) 700 910 Labor hours 22,000 25,500 Capital cost applied to the department ($) $350,000 $410,000 Bob knew that his labor cost per hour had increased from an average of $12 per hour to an average of $15 per hour, primarily due to a move by management to become more competitive with a new company that had just opened a plant in the area. He also knew that his average cost per barrel of raw material had increased from $350 to $375. He was concerned about the accounting procedures that increased his capital cost from $350,000 to $410,000, but earlier discussions with his boss suggested that there was nothing that could be done about that allocation. Bob wondered if his productivity had increased at all. He called Alice into the office and conveyed the above information to her and asked her to prepare this part of the report. Prepare the productivity part of the report for Mr. Richards. Provide calculations in percentage for: Change year-over-year (from 2015 to 2016) for?production = _____ %

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93110171

Have any Question?


Related Questions in Operation Management

Introductionthis assignment has three parts all centered on

Introduction This assignment has three parts, all centered on your ability to create a plan for A-plus customer experiences. We have mentioned before how the employees are the voice and image of any business. Well then, ...

A local pastry shop sells a whipped-cream layer cake it

A local pastry shop sells a whipped-cream layer cake. It costs $10 to prepare each cake and fresh cakes sell for $20. The demand for the cakes can be approximated by a Normal distribution with mean = 10 and standard devi ...

1 how does master production scheduling impact a material

1. How does master production scheduling impact a material requirements plan (MRP)? 2. Explain why Krugman’s “New Trade Theory” was such a radical departure from the various “Country based Trade Theories,” and how it has ...

1 how are trends in layout design affecting retail and

1. How are trends in layout design affecting retail and restaurant environments? Give at least one example from each environment. Cite your sources please. 2. List and describe the five major ways of achieving workplace ...

You have just received an order from an internet retailer

You have just received an order from an Internet retailer for some equipment you need for a business presentation. Unfortunately, some of the equipment is damaged. Write a letter to the retailer in which you explain the ...

One day during physics class donita an enterprising

One day during physics class, Donita, an enterprising fourteen-year-old student, began drawing designs on her shoelaces.  By the end of class, Donita had decorated her shoelaces with the name of the school, Drexel High S ...

Ldquowe are interested in lean training for our

“We are interested in lean training for our distribution center workers. Can you provide that for us, Professor Warren?” the (DC) manager inquired. “Yes, we have training material on lean systems and would be happy to fa ...

Please remember that this assignment must be posted in apa

Please remember that this assignment must be posted in APA format with at least two scholarly references. Responses should be 500-700 words in length. What do you think about shopping over the internet, or your T.V. set ...

1 what are the benefits and risks of changing the packaging

1. What are the benefits and risks of changing the packaging of the Tic Tac product? If Ferrero were to research changing Tic Tac packaging, how should thet test the ideas? 2. Read the case "Mutual Insurance Company of I ...

1 draft a strategy for the company to follow consider the

1. Draft a strategy for the company to follow. Consider the immediate problem and the possibilities of precedents being set by your action. 2. List the advantages and disadvantages of your chosen strategy. 3. Prepare a s ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As