North South Bank employs several account officers, each working eight hours per day. The bank processes a total of 30 credit card applications per day. The bank's payroll cost for the officers is Php 1,820 per day, and there is a daily overhead expense of Php 5,000. If the labor productivity of North South Bank is 1.25 applications per labor-hour, how many officers are currently employed? O 3 officers O 6 officers O 5 officers O2 officers
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- Mark Tuan, the Production Manager at MT Mills, can currently expect his operation to produce1000 square yards of fabric for each ton of raw cotton. Each ton of raw cotton requires 5 laborhours to process. He believes that he can buy a better-quality raw cotton, which will enable himto produce 1200 square yards per ton of raw cotton with the same labor hours.What will be the impact on productivity (measured in square yards per labor-hour) if hepurchases the higher quality raw cotton? You are required to calculate: a) Productivity for the current raw cotton? b) The new productivity if Mark Tuan use the new raw cotton. c) What is the percentage increase in productivity?Mance Fraily, the Production Manager at Ralts Mills, can currently expect his operation to produce 1000 square yards of fabric for each ton of raw cotton. Each ton of raw cotton requires 5 labor hours to process. He believes that he can buy a better-quality raw cotton, which will enable him to produce 1200 square yards per ton of raw cotton with the same labor hours. What will be the impact on productivity (measured in square yards per labor-hour) if he purchases the higher quality raw cotton?An air-conditioner factory makes three different types of air-conditioners: the ceiling type, the cassette type and the wall-mounted type. Weekly sales of each type are 2, 4 and 6 pieces, at a price of €350, €450, and €500 each, respectively. The ceiling typecan be assembled in 1.5 hours, the cassette type in 1 hour and thewall-mounted type in 45 minutes. Labour cost is €40 per hour andthe current factory’s multi factor productivity is 2.2. a) Calculate the average cost per air-conditioner based on cur-rent multifactor productivity b) Calculate labor productivity (in euro per hour) for each typeof air-conditionc) Where the company should focus its efforts, based (i) on thelabor productivity, and (ii) on average cost?
- An air-conditioner factory makes three different types of air-conditioners: the ceiling type, the cassette type and the wallmounted type. Weekly sales of each type are 2, 4 and 6 pieces, at a price of €350, €450, and €500 each, respectively. The ceiling type can be assembled in 1.5 hours, the cassette type in 1 hour and the wall-mounted type in 45 minutes. Labour cost is €40 per hour and the current factory’s multi factor productivity is 2.2.a) Calculate the average cost per air-conditioner based on currentmultifactor productivityb) Calculate labor productivity (in euro per hour) for each typeof air-conditionc) Where the company should focus its efforts, based (i) on thelabor productivity, and (ii) on average cost?Stackhouse Computing produces high-performance desktop computers. Labor cost data show that thecompany spent $1,000,000 for 5,000 computers produced, and each computer requires 2 technicianhours and 5 hours of direct labor. Direct labor is paid $10 per hour by the company. What is the costof 1 technician hour?Suds and Duds Laundry washed and pressed the followingnumbers of dress shirts per week.Week Work Crew Total Hours Shirts1 Sud and Dud 24 682 Sud and Jud 46 1303 Sud, Dud, and Jud 62 1524 Sud, Dud, and Jud 51 1255 Dud and Jud 45 131a. Calculate the labor productivity ratio for each week.b. Explain the labor productivity pattern exhibited by thedata.
- Mariah Enterprises makes a variety of consumer electronicproducts. Its camera manufacturing plant is consideringchoosing between two different processes, named Alphaand Beta, which can be used to make two component partsA and B. To make the correct decision, the managers wouldlike to compare the labor and multifactor productivity ofprocess Alpha with that of process Beta. The value of processoutput for component A and B are $175 and $140 per unit,respectively. The corresponding overhead costs are $6,000and $5,000, respectively Process Alpha Process BetaProduct A B A BOutput (units) 50 60 30 80Labor ($) $1,200 $1,400 $1,000 $2,000Material ($) $2,500 $3,000 $1,400 $3,500a. Which process, Alpha or Beta, is more productive?b. What conclusions can you draw from your analysis?Your hospital has built a new freestanding facility that includes a 36-bed medical telemetry care unit. The patients and staff from the existing smaller units will be combine into the new unit. The current budget for each of these units is: unit a- average daily census 11.9 unit b- average daily census 22.0 unit a- acuity 1.6 unit b- acuity 1.85 unit a- workload 3.8 unit b-workload 3.6 unit a- productivity % 19.0 unit b- productivity % 16.5 the budgets of the two units will be combine with no changes. Calculate the budget for the new unit including the ADC, acuity, workload, hours per patient day (HPPD), shifts/24 hours, productivity factor and variable direct care full time equivalents.Collins Little Company has a staff of 4 employees, each working 8 hours per day at a rate of $20/hour. Their overhead expenses are $200/day. Collins processes and closes on 12 titles each day. They are considering purchasing a computerized title search system that will allow the processing of 20 titles per day. With the new system, they could cut their staff to 2 employees working the same hours at the same pay, but their overhead expenses would double to $400 per day. Compute the labor productivity with the old system (in titles / hour). Compute the labor productivity with the new system (in titles / hour). Compute the multifactor productivity with the old system (in titles / dollar). Compute the multifactor productivity with the new system (in titles / dollar).
- This year the Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer will work 160 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor-hour, how many laborers are employed to the plantThe weekly output of a production process is 446 units, material input is 2633 (in ft). Currently 9 full time employees are employed.The standard inventory value of the output is $157 per unit. Overhead is charged weekly at the rate of $1510 plus 0.5 times direct labour cost. Assume a 40 - hour week and an hourly wage of $15. Material cost is $14 per running foot.Compute the average multifactor productivity for this process. a. 1.205 b. 1.657 c. 1.507 d. 1.883A factory produces 7,000 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,000 per worker with 8 workers available, material cost is $5,000, and overhead cost is 20% of the material cost. A new machine can be added that will increase the output by 1000 units, decrease the number of workers by one, and increase the overhead cost by $3000. Compute the productivity growth and justify whether the addition of the new machine is beneficial or not.