Results 1 to 3 of 3

Math Help - Labor cost analysis

  1. #1
    Newbie
    Joined
    Dec 2009
    Posts
    2

    Labor cost analysis

    I am trying to figure out the labor cost per product on 7 products.
    The total labor for one month is $6387. The following is how many of each product were made for the month:
    A=638
    B=67
    C=132
    D=14
    E=75
    F=23
    G=58
    Each product takes a different amount of time to make. If one of all products could be made in one hour then the following % of time would be spent on each product:
    A=5%
    B=5%
    C=40%
    D=2.5%
    E=30%
    F=15%
    G=2.5%
    Any help would be appreciated!
    Scott
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,099
    Thanks
    67
    A 638 * .05 = 31.90
    B 67 * .05 = 3.35
    ....
    G 58 * .025 = 1.45
    ===============
    total : 115.80

    A: 31.90 / 115.80 * $6387 = $1759.46

    Carry on...
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Newbie
    Joined
    Dec 2009
    Posts
    2
    Thanks for the help Wilmer!!
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. [SOLVED] Labor Supply Practice Problem
    Posted in the Business Math Forum
    Replies: 3
    Last Post: May 23rd 2010, 01:54 PM
  2. Process cost systems,total cost under the FIFO Method.
    Posted in the Business Math Forum
    Replies: 0
    Last Post: December 4th 2009, 11:13 PM
  3. Marginal Cost/Demand and Cost
    Posted in the Calculus Forum
    Replies: 4
    Last Post: November 4th 2009, 06:45 PM
  4. Calculus applied to Cost Value Analysis
    Posted in the Calculus Forum
    Replies: 2
    Last Post: March 7th 2009, 08:09 PM
  5. Need Help-Cost analysis got me going crazy
    Posted in the Business Math Forum
    Replies: 1
    Last Post: September 3rd 2008, 06:59 PM

Search Tags


/mathhelpforum @mathhelpforum