A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, ata pay rate of $17 per hour per employee. Each employee identifies an average of 3,900 potential leads a week from a list of 4,800. Anaverage of 8 percent of potential leads actually sign up for the service, paying a one-time fee of $90. Material costs are $1,300 perweek, and overhead costs are $9,100 per week.Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.)Multifactor productivity

Productivity is the ability to manufacture products and services effectively and efficiently.

Answered: Calculate the multifactor productivity…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $12 per hour per employee. Each employee identifies an average of 3,400 potential leads a week from a list of 4,600. An average of 6 percent of potential leads actually sign up for the service, paying a one-time fee of $80. Material costs are $1,500 per week, and overhead costs are $9,300 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input.
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $12 per hour per employee. Each employee identifies an average of 3,400 potential leads a week from a list of 4,800. An average of 7 percent of potential leads actually sign up for the service, paying a one-time fee of $90. Material costs are $1,400 per week, and overhead costs are $8,900 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Do you have any suggestions for increasing the productivity of the three employees or for this task?
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The Big Black Bird Company (BBBC) has a large order forspecial plastic-lined military uniforms to be used in an urgentmilitary operation. Working the normal two shifts of 40 hourseach per week, the BBBC production process usually produces2,500 uniforms per week at a standard cost of $140 each. 72employees work the first shift and 28 employees work the sec-ond. The contract price is $240 per uniform. Due to the urgentneed, BBBC is authorized to use around-the-clock production,six days per week. When each of the two shifts works 72 hoursper week, production increases to 4,000 uniforms per week butat a cost of $152 each.a. Did the multifactor productivity ratio increase, decrease,or remain the same? If it changed, by what percentage didit change?b. Did the labor productivity ratio increase, decrease, orremain the same? If it changed, by what percentage did itchange?c. Did weekly profits increase, decrease, or remain thesame?

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Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Multifactor productivity