Information About Kreis Company Is as Follows ACalculate the Materials and Labour Productivity Ratios for 20X1 and r

question 91

Essay

Information about Kreis Company is as follows:
$$\begin{array} { l r r } &20 \times 1&20 \times 2\\\text { Output (units) } & 25,000 & 27,000 \\\text { Selling price per unit } & \$ 25 & \$ 25 \\\text { Input quantities: } & & \\\text { Materials (kg) } & 8,000 & 7,500 \\\text { Labour (hours) } & 5,500 & 7,000 \\\text { Input prices: } & & \\\text { Materials (per kg) } & \$ 4.00 & \$ 5.00 \\\text { Labou (per hour) } & \$ 9.00 & \$ 10.00\end{array}$$
a.Calculate the materials and labour productivity ratios for 20X1 and 20X2.
b.Did materials productivity improve?
c.Did labour productivity improve?
d.By how much did profits change as a result of changes in productivity?

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Definitions:

Selection Process

The series of steps and evaluations used by an organization to hire or select candidates for a position.

Structured Employment Interviews

An interview technique where all candidates are asked the same predesigned questions in the same order to ensure fairness and consistency in hiring.

Human Resources

The department within an organization that is focused on the management, support, and development of its employees.

Similar

Bearing resemblance or having qualities in common with something else, though not identical.