Due to shortages in raw material and labor, Georgia Pacific, the third-largest lumber producer in the US reduced the production in April. The following table shows the production statistics for the months of March and April. March April 25 million board feet 15 million board feet $4.2 million Units produced Labor cost Material cost Capital costs $5 million $12 million $2 million $9 million $1.8 million a. What is the productivity in March? Show calculations to earn credit. b. What is the productivity in April? Has the productivity increased or decreased? c. What is the percentage of productivity change? Show calculations to earn credit. d. Georgia Pacific has decided not to change the selling price of lumber. What can you predict about the profits on lumber? Explain your reasoning.
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