Lovely-tech company produces printers in january the, Ask an Expert

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Lovely-Tech Company produces printers. In January, the company produced 3360 printers per week. The company has 25 direct labor employees. Each employee works 40 hours a week with an hourly wage of $20.00. The material cost of the firm per week is $15,000. The overhead expense incurred in operating the firm is $7,000 per week.

(1) Determine the weekly multi-factor productivity of the Lovely-Tech Company in January.

(Hint: Total input = Labor cost + Material cost + Overhead)

(Labor cost =number of employees * working hours a week* wage)

(2) In February, Lovely-Tech Company produced 3,500 printers per week and the material cost per week is $18,000. If all other cost information such as labor and overhead remains the same, what is growth rate (in percentage) in weekly productivity from January to February?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92025092

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