A productivity index of 110% means that a companyâ€™s labor costs would have been 10% higher if it had not made production improvements. Now refer to the Income Statement in Digbyâ€™s Annual Report. The direct labor costs for Digby were $32,486. These labor costs could have been $20,000 higher if investments in training that increased productivity had not been made. What was the productivity index for Digby that led to such savings?Select: 1155.4%44.6%161.6%38.4%Investing $1,500,000 in TQMâ€™s Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in this and in all future rounds. (Refer to the TQM Initiative worksheet in the CompXM Decisions menu.) Looking at the Round 0 Inquirer for Andrews, last yearâ€™s sales were $163,189,230. Assuming similar sales next year, the 1.7% increase in demand will provide $2,774,217 of additional revenue. With the overall contribution margin of 34.1%, after direct costs this revenue will add $946,008 to the bottom line. For simplicity, assume that the demand increase and margins will remain at last yearâ€™s levels. How long will it take to achieve payback on the initial $1,500,000 TQM investment, rounded to the nearest month?Select: 16 months13 monthsTQM investment will not have a significant financial impact19 monthsBamâ€™s product manager is under pressure to increase market share, but is uncertain about how to make the product more competitive. The product is reasonably well-positioned in the Thrift segment and enjoys relatively high awareness and accessibility. Which of the following would most likely result in a quick increase in market share?Select: 1Re-position the product to the ideal spot within the segmentLower the unit selling price to the bottom limit of the segment price rangeIncrease the unit contribution margin by decreasing the MTBFIncrease awareness by 5%According to information found on the production analysis page of the Inquirer, Chester sold 1126 units of Cat in the current year. Assuming that Cat maintains a constant market share, all the units of Cat are sold in the Nano market segment and the growth rate remains constant, how many years will it be before Cat will not be able to meet future demand unless the company adds production capacity? Exclude any existing inventory.Select: 13 year(s)1 year(s)2 year(s)4 year(s)Which description best fits Andrews? For clarity:
A productivity index of 110% means that a companyâ€™s labor costs would have been 10% high
by Manilla | Aug 3, 2022 | Uncategorized | 0 comments
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