Given the following information, calculate the multifactor productivity in terms of revenue per multifactor cost. (In other words, use money in the numerator and denominator.)Units produced: 5,000Standard price: $30/unitLabor input: 500 hoursCost of labor: $25/hourCost of materials: $5,000Cost of overhead: 2x labor costA) State the formulaB) Determine the unit of measure for the numeratorC) Determine the unit of measure for the denominatorD) Calculate ProductivityD) Interpret the results

The manager of a crew that installs wood floors has tracked the crew’s output over the past several weeks. Each worker works 40 hours per week, and earns $22 per hour. The wholesale cost of lumber to the company is $9 per square foot, and the company charges its customers $25 per square foot of flooring installed. Overhead rate is 100% a) using the best formula to determine labor productivity, calculate labor productivity for each of the weeks b) calculate multifactor productivity for each week using the dollar revenue of flooring installed in the numerator week crew size lumber used flooring installed week 1 4 480 420 week 2 3 371 325

ABC Corporation is a furniture manufacturing company working on a 40 hour per week basis makes 135 chairs. The sales price is $75 each, and the company has the following costs:• Direct materials $790• Direct labor $360• Overhead $550Required:a. Calculate the productivity of the company.b. What will be the new productivity if the company decides to make 150 chairs per week?c. If the company decides to improve productivity through materials costs reduction only, how much these costs must be reduced in order to achieve a 10 percent increase in total productivity?d. If the company repeats the same exercise as in (c) above, but through labor costs reduction, how much these costs must be reduced in order to achieve a 10 percent increase in total productivity?

Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following​ resources:                                                                                                        ​Labor: 400 hours per day ​@ ​ $12.00 per hour Raw​ Material: 20,000 pounds per day​ @ ​$1.00 per pound ​Energy: ​$5,250 per day ​Capital: ​$10,000 per day ​a) Labor productivity per labor hour for these tires​ = 2.502.50 ​tires/labor hour ​(round your response to two decimal​ places). ​b) Multifactor productivity for these tires​ = 0.02500.0250 ​tires/dollar ​(round your response to four decimal​ places). ​c) The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production or changing any other inputs​ = nothing​% ​(enter your response as a percentage rounded to two decimal​ places).   ​Note: calculate the new multifactor productivity to four…

Lillian Fok is president of Lakefront​ Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following​ resources:                                                                                                        ​Labor: 400 hours per day ​@ ​ $12.50 per hour Raw​ Material: 21,000 pounds per day​ @ ​$1.00 per pound ​Energy: ​$5,000 per day ​Capital: ​$10,000 per day ​a) Labor productivity per labor hour for these tires​ = 2.52.5 ​tires/labor hour ​(round your response to two decimal​ places). ​b) Multifactor productivity for these tires​ = 0.02440.0244 ​tires/dollar ​(round your response to four decimal​ places). ​c) The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production or changing any other inputs​ = nothing​% ​(enter your response as a percentage rounded to two decimal​ places).

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.Unit EmployeesCustomersProcessed/DayA 4 36B 5 40C 8 60D 3 20a. Compute the labor productivity and the multifactor productivity for each unit. Use an eighthour day for multifactor productivity.b. Suppose a new, more standardized procedure is to be introduced that will enable each employeeto process one additional customer per day. Compute the expected labor and multifactor productivity rates for each unit.

A shoe factory produces 95,000 shoes each week. The equipment used costs $15,000 and will remain productive for three years. The labor cost per year is $16,000.  What is the productivity measure of “units of output per dollar of input” averaged over the three-year period?   Hint: Productivity = total units produced divided by the total labor cost plus total equipment cost

Explain the meaning of the saying that productivity is a relative measure briefly .

Consider the information given below.   Output Inputs 335,000 units 6,400 labor hours @ $14.00 per hour Sales price = $1,301.00/unit Material cost = $41,250,000   Utilities cost = $4,600   Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places. Labor productivity:  $/labor$ Material productivity:  $/material$ Utilities productivity:  $/utility$ Total productivity:  $/input$

The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.   Week Output (units) Worker Material (lbs.) 1 2 3 4 30,000 33,600 32,200 35,400 6 7 7 8 450 470 460 480   Compute the multifactor productivity measure for each of the four weeks.   What do the figures suggest? Compute the productivity growth from week 1 to week 4.