multifactor productivity
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- 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.
Multifactor productivity indicating the proportion between output and input. Using the given information, we can calculate the multifactor productivity using the given formula
Productivity = output/sum value of input
Here, we can calculate the multifactor productivity of each week like given below.
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- White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit.a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?At Symbiotech, the output of a process is valued at $30 per unit. The cost of labor is $70 per hour including benefits. The accounting department provided the following information about the process for week 1: Units produced = 2,300, Labor ($) = 14,500, Material ($) = 22,700, Overhead ($) = 10,270. The multifactor productivity ratio for week 1 is: C. 4.76 A. 1.46 B. 0.049 D. 2.79A dressmaker manufactures fashionable clothing. In a specific week, employees worked 360 hours to produce a batch of 132 garments, 52 of which were “second” (defective), which will be sold for $ 90 each in the store for factory sales. The remaining 80 garments will be sold to retail distributors at a price of $ 200 each. What is the labor productivity ratio?
- Susan Williams runs a small Flagstaff job shop where garments are made. The job shop employs eight workers. Each worker is paid $8 per hour. During the first week of March, each worker worked 45 hours. Together, they produced a batch of 156 garments. Of these garments, 54 were 'seconds' (meaning that they were flawed). The seconds were sold for $100 each at a factory outlet store. The remaining 102 garments were sold to retail outlets at a price of $198 per garment. What was the labor productivity, in dollars per labor-hour, at this job shop during the first week of March? Labor productivity =______ dollars/labor hour (round your response to two decimal places). Please don't just send the answer, I need to know how to do this. ThanksA caterer prepares 2,000 meals for a client’ company event consuming the following resources: Labor → 6 hours @ $20 per hour Materials → $8 per meal Beverages → $4 per meal What is labor productivity? What is the multifactor productivity? To produce 2,000 pieces of luggage, a leather goods firm spends $1,000 on labor and $500 on materials. What is productivity? If the firms can increase production to 2,200 pieces of luggage with the same labor and material cost, what is the productivity? What is the percentage change? If the labor cost is reduced to $800 and materials increased to $600, what is the productivity to produce 2,200 pieces of luggage? An accounting firm can produce 8 monthly reports in three 8-hour shifts. What is the productivity of this firm? If this firm hires two additional workers, what would be the productivity of this firm? What is the percentage of productivity gain?Consider the information given below. Output Inputs 330,000 units 6,400 labor hours @ $15.00 per hour Sales price = $1,244.00/unit Material cost = $38,875,000 Utilities cost = $4,200 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 weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $200 per unit. Overhead is charged weekly at the rate of [[$1,200 + 3/4 X direct labor cost]]. Assume a 40-hour week and an hourly wage of $20. Material cost is $7 per foot. What is the average multifactor productivity?Sweet Tooth Inc., a leading chocolatier, can produce 100 pounds of chocolate powder from 1000 pounds of cocoa beans in 10 hours of processing. Not satisfied with its output, the company is contemplating switching to a more automated process that would yield 200 pounds of chocolate powder from 1800 pounds of cocoa beans and take 15 hours to process. The cost of processing the $25 per hour. Cocoa beans cost $6.80 per pound. Calculate the following and show step by step breakdown. The labor productivity of the current process The labor productivity of the proposed process The multifactor productivity of the current process The multifactor productivity of the proposed process Should Sweet Tooth Inc. continue with the existing process or switch to the new process?A factory produces 7,500 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,050, material cost is $5,200, and overhead cost is 15% of the material cost. Compute the different productivity measure you can conclude, and specify who may be interested in each measure.
- Alyssa’s Custom Cakes currently sells 5 birthday, 2 wedding, and 3 specialty cakes each month for $50, $150, and $100 each, respectively. The cost of labor is $50 per hour including benefits. It takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake. Alyssa’s current multifactor productivity ratio is 1.25. a. Use the multifactor productivity ratio provided to calculate the average cost of the cakes produced. b. Calculate Alyssa’s labor productivity ratio in dollars per hour for each type of cake.c. Based solely on the labor productivity ratio, which cake should Alyssa try to sell the most? d. Based on your answer in part (a), is there a type of cake Alyssa should stop selling?Calculate the Productivity for the following operations:Three employees process 600 insurance policies in a week. They work 8 hours per day, 5 days per week. A team of workers makes 400 units of a product, which is sold in the market for $10 each. The accounting department reports that for this job the actual costs are $400 for labor, $1,000 for materials, and $300 for overhead.As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year. Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700 Labor: $10.00/hr. Capital: 6% per month of Investment Energy: $0.75 per BTU. Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.
