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productivity in sales revenue/labor expense.

productivity in sales revenue/labor expense.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Please calculate the productivity in sales revenue/labor expense.
Use the following information to calculate the productivity ratio requested below. Units sold 1,223 $ 1,705 Sale price each Total labor hours 46,686 $ $60,200 $ 4,000 Wage rate Total materials 11/hour Total energy Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.) Productivity
Transcribed Image Text:Use the following information to calculate the productivity ratio requested below. Units sold 1,223 $ 1,705 Sale price each Total labor hours 46,686 $ $60,200 $ 4,000 Wage rate Total materials 11/hour Total energy Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.) Productivity
Expert Solution
Step 1

Labor productivity indicating the proportion between total output and total input cost. The calculation indicating the revenue based on each dollar spends in labor. Based on the given information, we can identify the labor productivity like given below.

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