AN 300 Practice Exam 1 UKY
fully solved & verified for
accuracy(guaranteed pass)
A company that is highly vertically integrated will - answer Own its
raw material sources, factories, and product distribution system
Productivity can be improved by - answer Decreasing inputs while
holding outputs steady
Suppose that C&A produced $100 Million worth of outputs while
inputs totaled $50 Million in year 1. For which of the following
values in year 2 would productivity decrease? - answer Outputs =
$90 Million, inputs = $50 Million
A firm produces 500 units per day using five workers on a five-hour
shift. On average, 15% of the units produced are defective and must
be scrapped. What is the labor productivity? Check all that apply. -
answer good output = 500 x (1-15%) = 425
input = 5x5 hours or input = 5 workers
productivity = 425/25 = 17 units per hour or 425/5 = 85 units per
worker.
Consider only non-defective output in computing productivity.
Pay attention to the unit of input when computing productivity.
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
, Ingredients cost $0.35 per loaf. What is C&A's multi-factor
productivity? - answer 0.244
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
Ingredients cost $0.35 per loaf. How many workers does C&A
currently use? - answer 4
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
Ingredients cost $0.35 per loaf. How many workers will C&A need to
add in order to meet an anticipated 25% increase in bread demand?
- answer 1
Aztec Furnishings makes hand-crafted furniture for sale in its retail
stores. The furniture maker has recently installed a new assembly
process, including a new sander and polisher. With this new system,
production has increased to 90 pieces of furniture per day from the
previous 60 pieces of furniture per day. The number of defective
items produced has dropped from 10 pieces per day to 1 per day.
The production facility operates strictly eight hours per day.
Evaluate the change in productivity for Aztec using the new
assembly process. - answer 78%
A company has introduced a process improvement that reduces
processing time for each unit, so that output is increased by 25%
with less material, but one additional worker required. Under the
old process, five workers could produce 60 units per hour. Labor
costs are $12/hour, and material input was previously $16/unit. For
the new process, material is now $10/unit. Overhead is charged at
1.6 times direct labor cost. Finished units sell for $31 each. What is
the change in productivity associated with the process
improvement? - answer 0.49
old output = 60x$31 = $1860 per hour
old input = 5x$12 + 60x$16 + 1.6x5x$12 = $1116 per hour
fully solved & verified for
accuracy(guaranteed pass)
A company that is highly vertically integrated will - answer Own its
raw material sources, factories, and product distribution system
Productivity can be improved by - answer Decreasing inputs while
holding outputs steady
Suppose that C&A produced $100 Million worth of outputs while
inputs totaled $50 Million in year 1. For which of the following
values in year 2 would productivity decrease? - answer Outputs =
$90 Million, inputs = $50 Million
A firm produces 500 units per day using five workers on a five-hour
shift. On average, 15% of the units produced are defective and must
be scrapped. What is the labor productivity? Check all that apply. -
answer good output = 500 x (1-15%) = 425
input = 5x5 hours or input = 5 workers
productivity = 425/25 = 17 units per hour or 425/5 = 85 units per
worker.
Consider only non-defective output in computing productivity.
Pay attention to the unit of input when computing productivity.
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
, Ingredients cost $0.35 per loaf. What is C&A's multi-factor
productivity? - answer 0.244
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
Ingredients cost $0.35 per loaf. How many workers does C&A
currently use? - answer 4
C&A bakery produces 1500 loaves of bread a month. Labor
productivity is 2.344 loaves per labor-hour. Each worker works 160
hours per month for $8 per hour. Utility costs $500 per month.
Ingredients cost $0.35 per loaf. How many workers will C&A need to
add in order to meet an anticipated 25% increase in bread demand?
- answer 1
Aztec Furnishings makes hand-crafted furniture for sale in its retail
stores. The furniture maker has recently installed a new assembly
process, including a new sander and polisher. With this new system,
production has increased to 90 pieces of furniture per day from the
previous 60 pieces of furniture per day. The number of defective
items produced has dropped from 10 pieces per day to 1 per day.
The production facility operates strictly eight hours per day.
Evaluate the change in productivity for Aztec using the new
assembly process. - answer 78%
A company has introduced a process improvement that reduces
processing time for each unit, so that output is increased by 25%
with less material, but one additional worker required. Under the
old process, five workers could produce 60 units per hour. Labor
costs are $12/hour, and material input was previously $16/unit. For
the new process, material is now $10/unit. Overhead is charged at
1.6 times direct labor cost. Finished units sell for $31 each. What is
the change in productivity associated with the process
improvement? - answer 0.49
old output = 60x$31 = $1860 per hour
old input = 5x$12 + 60x$16 + 1.6x5x$12 = $1116 per hour