Assignment:
Q1. A furniture manufacturing company has provided the following data (units are $1,000). Compare the labor, raw materials and supplies, and total productivity for the past two years.
Last Year This Year
Output: Sales value of production $22,000 $35,000
Input: Labor 10,000 15,000
Raw materials and supplies 8,000 12,500
Capital equipment depreciation 700 1,200
Other 2,200 4,800
Q2. Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year Quantities sold, price per unit, and labor hours follow. What is the labor productivity for each car? Explain the problem(s) associated with the labor productivity.
Quantity $/Unit
Deluxe car 3,255 units sold $8,300/car
Limited car 6,150 units sold $9,800/car
Labor, Deluxe 20,700 hours $11/hour
Labor, Limited 25,000 hours $13/hour
Provide complete and step by step solution for the question and show calculations and use formulas.