Math Problem Statement
Ms. Jones works a total of 12 hours per day to produce lacquered wicker baskets for a local crafts store. Total material cost for each wicker basket is $3.50; she has to invest $20 in the necessary supplies (expendables) per day; energy costs are assumed to be $4.00 per day; and she makes $11 per hour for her labor. Currently, she produces 240 wicker baskets per day. She thinks that by re-engineering the assembly process she can increase her rate to 300 wicker baskets per day.
What is her approximate daily productivity per labor dollar at present? (round to three decimal places)
Solution
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Math Problem Analysis
Mathematical Concepts
Productivity
Division
Linear Equations
Formulas
Productivity = Number of units produced / Total labor cost
Labor Cost = Hours worked * Hourly wage
Theorems
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Suitable Grade Level
Grades 10-12