Problem 2-3 (Algo)Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeksand an hourly wage of $16. Overhead Is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimalplaces.)Week1AWNF234Output (units)34,00039,00026,00036,000Click here for the Excel Data FileWeek1234Workers7847MFP (Output/Total Cost)Material (lbs)490540460560

Multifactor productivity = Output/Cost Cost = Wage cost + Overhead cost + Material cost Wage…

Answered: Problem 2-3 (Algo) Compute the…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

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Wonder-Tire Service completed 200 tire changes, 10 brake jobs, and 24 alignments in an 10-hour day with a crew of eight specialists. A brake specialist costs $14 per hour, a tire changercosts $6 per hour, and an alignment mechanic costs $16 per hour. The materials cost for a daywas $2200, and overhead cost was $600.a. What is the shop’s labor productivity if the retail price for each respective service is $70,$160, and $60?b. What is the multifactor productivity, if the crew consisted of two tire changers, 3 brakespecialists and 2 alignment mechanics ?
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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).

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