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Supplier XYZ is a reputable organization which plays a crucial role in the manufacturing of a certain product. They have 10 employees, and each employee works 8 hours every day. Each employee is paid $120 for a day's work. The company accumulates overhead expenses of $200 a day. XYZ produces 10 components everyday. However, you would like them to increase their output to 16 per day to match your needs. To meet their new quota, they have implemented a new system which allows them t produce 16 components per day. However, this has resulted in an increase of the overhead expenses to $850 a day. The employee pay rate and their work hours are still the same. Calculate the percentage change in their multi-factor productivity. Note:

Supplier XYZ is a reputable organization which plays a crucial role in the manufacturing of a certain product. They have 10 employees, and each employee works 8 hours every day. Each employee is paid $120 for a day's work. The company accumulates overhead expenses of $200 a day. XYZ produces 10 components everyday. However, you would like them to increase their output to 16 per day to match your needs. To meet their new quota, they have implemented a new system which allows them t produce 16 components per day. However, this has resulted in an increase of the overhead expenses to $850 a day. The employee pay rate and their work hours are still the same. Calculate the percentage change in their multi-factor productivity. Note:

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Supplier XYZ is a reputable organization which plays a crucial role in the manufacturing of a certain product. They have 10 employees, and each employee works 8 hours every day. Each employee is paid $120 for a day's work. The company accumulates overhead expenses of $200 a day. XYZ produces 10 components everyday. However, you would like them to increase their output to 16 per day to match your needs. To meet their new quota, they have implemented a new system which allows them to produce 16 components per day. However, this has resulted in an increase of the overhead expenses to $850 a day. The employee pay rate and their work hours are still the same. Calculate the percentage change in their multi-factor productivity. Note: Round you intermediate numbers to 4 decimal places. Round your final answer (before converting to % to 4 decimal places. • Enter your final answer (in percentage) without the percentage symbol. For example, if the answer is 52.01% only enter 52.01 in the box. ● Enter your final answer (%) as a positive number if the change in productivity was positive and a negative number if the change was negative.
Transcribed Image Text:Supplier XYZ is a reputable organization which plays a crucial role in the manufacturing of a certain product. They have 10 employees, and each employee works 8 hours every day. Each employee is paid $120 for a day's work. The company accumulates overhead expenses of $200 a day. XYZ produces 10 components everyday. However, you would like them to increase their output to 16 per day to match your needs. To meet their new quota, they have implemented a new system which allows them to produce 16 components per day. However, this has resulted in an increase of the overhead expenses to $850 a day. The employee pay rate and their work hours are still the same. Calculate the percentage change in their multi-factor productivity. Note: Round you intermediate numbers to 4 decimal places. Round your final answer (before converting to % to 4 decimal places. • Enter your final answer (in percentage) without the percentage symbol. For example, if the answer is 52.01% only enter 52.01 in the box. ● Enter your final answer (%) as a positive number if the change in productivity was positive and a negative number if the change was negative.
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