- Labour Hours (5 marks) [CLR 1]
TIP Ltd. manufacturers unique paperweights featured in decorative magazines and on Discovery Channel. Last year, TIP produced 120,000 paperweights in its workshop in Concord, Ontario, to meet demands in North America and overseas markets. To accomplish this, each crafts person at the Concord workshop worked 140 hours per month. If the labor productivity at the plant is 2.5 paperweights per labor hour, how many crafts people are employed at the workshop?
Hint: You are told 120,000 paperweights were produced over the year. Calculate the monthly production. You can assume each month’s productivity is the same.
Next calculate how many paperweights each crafts person produced per month.
Use the above information to calculate the number of crafts people employed at the workshop.
Monthly Production=120000/12=10,000 Each Craftsperson makes 71.428571 paper weights a month
Now what to calculate number of employees at workshop.