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Management Studies

Problem:

The CEO has asked you to evaluate the firm's productivity by comparing performance a month from last year and equivalent month this year. The following data are available:

	Last Year	This Year
Output	12,500 units	14,100 units
Labor (hours)	11,000	11,200
Utilities (BTUs)	7,800	9,250
Capital	$85,000	$87,000

The CEO determines his costs to be as follows:

Labor $20 per hour

Utilities $1.50 per BTU

Capital 15% per month of investment.

Required:

Question 1) Show the productivity change, for one month last year versus one month this year, on a multifactor basis. Provide correct solution of the given problem with step by step calculations.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149504

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