Compute The Multifacto X Compute The MultifactorMicrosoft Office Home x 0 Mail-

Question

Compute The Multifacto X Compute The MultifactorMicrosoft Office Home x 0 Mail- hayleyhanson@m x 0 Mail- hayley.hanson@m xDExamination1 Esamination 1 Not secure l ezto.mheducation.com/hm.tpx The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $20, the overhead rate is 1.0 times labor cost, and material cost is S7 per customer 30 46 20 a. Compute the labor productivity and the mulifactor productivity for each unit Use an eight hour day for productivity (Round your Labor Productivity answers to 1 decimal place and mulnifactor p Multifactor Productivity" answers to 3 decimal places.) Productivity Multifactor Productivity (customers per day (customers per dollar 1067 1.043 1.200 b. Suppose a new, more standardized procedure is to be introduced that will enable each employee to ocess one additional customer per day Compute the expected labor and multsfactor productivity rates wers to 1 decinal place and-Multifactor for each unit (Round your Labor Productivity" ans Productivity" answers to 3 decimal places.) (customers per day (custormers per dollar

Explanation / Answer

Labor productivity (LP) = Output / Input

LP for A = 30/4 = 7.5

LP for B = 46/6 = 7.66

LP for C = 60/6 = 10

LP for D - 20/3 = 6.66

Multifactor productivity (MP) = Customers / dollar input

Dollar input , Total cost = Labor cost + material cost + Overhead cost= Number of hours * Number of workers * Hourly wage rate + Total customers * Material cost + 1* Labor cost

MP for A = 30 / (4*8*25+30*7+4*8*25 ) = 0.016

MP for B = 46 / (6*8*25+46*7+6*8*25) = 0.017

MP for C = 60 /(6*8*25+60*7+6*8*25) = 0.021

MP for D = 20 / (3*8*25+20*7+3*8*25) = 0.015

Part B

Customers served Unit A = 30+4 = 34 , Unit B = 46+6 = 52, Unit C = 60+6 = 66, Unit D = 20 + 3 = 23 (Note - One extra customer per employee)

LP for A = 34/4 = 8.5

LP for B = 52/6 = 8.66

LP for C = 66/6 = 11

LP for D - 23/3 = 7.66

MP for A = 34 / (4*8*25+34*7+4*8*25 ) = 0.018

MP for B = 52 / (6*8*25+52*7+6*8*25) = 0.019

MP for C = 66 /(6*8*25+66*7+6*8*25) = 0.023

MP for D = 23 / (3*8*25+23*7+3*8*25) = 0.017

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.