question archive Consider the output and labor hour figures shown in the following table
Subject:MathPrice: Bought3
Consider the output and labor hour figures shown in the following table. Calculate the labor productivity for each? week, as well as the average labor productivity for all six weeks.
Click the icon to view the output and labor hour figures.Part 2Calculate the labor productivities for each week. Fill in the table below ?(enter your responses rounded to two decimal? places).
Week
|
Output
?(in units)
|
Labor Hours
|
Productivity? (units/hour)
|
1
|
3,469
|
150
|
|
Part 3
2
|
3,548
|
50
|
|
Part 4
3
|
1,078
|
350
|
|
Part 5
4
|
1,650
|
100
|
|
Part 6
5
|
3,297
|
300
|
|
Part 7
6
|
286
|
400
|
|
Part 8The average labor productivity for all six weeks is
?units/hour. ?(Enter your response rounded to two decimal? places.)
Gibson's Bodywork does automotive collision work. An insurance agency has determined that the standard time to replace a fender is
0.25
hours? (i.e., "standard
?output"=4
fenders per? hour) and is willing to pay Gibson
?$65
per hour for labor? (parts and supplies are billed? separately). Gibson pays its workers
?$85
per hour. Suppose? Gibson's workers take
8
hours to replace a fender.Part 2a. ?Gibson's labor hour efficiency is
?(Enter your response rounded to two decimal? places.)
Part 3Given? Gibson's labor? costs, the company
will not or
will make money on the job
Part 4b. ?Gibson's labor hour efficiency has to be
for Gibson to break even on the job. ?(Enter your response rounded to two decimal? places.)