At the End of 2018, Hargreaves Company Implemented a New

question 116

Multiple Choice

At the end of 2018, Hargreaves Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: $\begin{array}{lrr}&2018&2019\\\text { Output } & 66,000 & 85,000 \\\text { Output prices } & \$ 12 & \$ 14 \\\text { Materials (lbs.) } & 24,800 & 25,550 \\\text { Materials unit price } & \$ 5 & \$ 7\\\text { Labor (hrs.) } & 25,000 & 30,875 \\\text { Labor rate per hour } & \$ 9 & \$ 9.50 \\\text { Power (kwh) } & 12,280 & 18,955 \\\text { Price per kwh } & \$ 4 & \$ 4.50\end{array}$
What is the partial operational measure for materials for 2018? (Round the answer to two decimal places.)

• A)2.04
• B)3.33
• C)2.66
• D)1.63

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Definitions:

United States

A country composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global politics, economy, and culture.

Localization

Adapting pay and other compensation benefits to match those of a particular country.

Balance Sheet Approach

A method used in international human resources that is focused on equalizing the cost differences for employees on international assignments to ensure their purchasing power is maintained across different countries.

Repatriation Plan

A strategy designed to assist employees in transitioning back to their home country after completing an international assignment.