Answer the following question based on the information given below.A d...
Quarter production efficiency = (Average monthly production in that quarter - Total average monthly production)/Total average monthly production
Total average monthly production for each type of drug has been found in one of the earlier solutions:
Pain Killers = 5.69, Antibiotics = 3.72, Vitamins = 3.61 and Probiotic Capsules = 3.64
Hence, for any given drug, quarter production efficiency will be the highest when its quarterly manfacturing is highest. Hence, instead of finding quarterly efficiency of each drug for each quarter, find it for each drug only for its highest manufacturing quarter.
Pain Killers (Apr-Jun) = 22.95/3 = 7.65
Quarter efficiency = [(7.65 - 5.69)/5.69] x 100 =
(1.96/5.69) x 100 = 34.45%
Antibiotics (Jan-Mar) = 14.84/3 = 4.95
Quarter efficiency = [(4.95 - 3.72)/3.72] x 100 =
(1.23/3.72) x 100 = 33.06%
Vitamins (Jan-Mar) = 12.19/3 = 4.06
Quarter efficiency = [(4.06 - 3.61 )/3.61 ] x 100 = (0.45/3.61) x 100 = 12.47%
Probiotic Capsules (Oct-Dec) = 13/3 = 4.33
Quarter efficiency = [(4.33 - 3.64)/3.64] x 100 = (0.69/3.64) x 100 = 18.97%
Hence, the highest quarter production efficiency is for Pain Killers in Apr-Jun
Hence, option 4.