Question

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources:

Resources Amount
Labor 400 hours per day @ $12.50 per hour
Raw material: 20,000 pounds per day @$1 per pound
Energy: $5,000 per day
Capital cost $10,000 per day

What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing?

Solution

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Answered 7 months ago
Answered 7 months ago
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In this exercise, we need to determine the labor productivity of the line.

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