123 Corporation a health club facility has two employees who work on lead generation. Each employee works 40 hours a week and is paid $ 15 an hour. Each employee identifies an average of 500 possible leads a week from a list of 10,000 names. Approximately 12 percent of the leads become members and pay a onetime fee of $110. Material costs are $150 per week, and overhead costs are $1,000 per week. Calculate the multi-factor productivity for this operation in fees generated per dollar of input.

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...
icon
Related questions
Question

123 Corporation a health club facility has two employees who work on lead generation. Each employee works 40 hours a week and is paid $ 15 an hour. Each employee identifies an average of 500 possible leads a week from a list of 10,000 names. Approximately 12 percent of the leads become members and pay a onetime fee of $110. Material costs are $150 per week, and overhead costs are $1,000 per week. Calculate the multi-factor productivity for this operation in fees generated per dollar of input.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Outsourcing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.