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5. Calculate the multifactor productivity measure for each of the day shown below in the table. Assume 8 hours a day and hourly wage of $10. Overhead is 1.5 times the weekly labor cost. Material cost is $5 per pound and the standard price of a unit of output is $50 a unit. What do the productivity figures suggest to an operations manager? Day 1 Output (Units) Workers 30 Materials (lbs) 30 35 35 32 7 32 36 8 36 5 33 33 27 30 31 7 32 2346 67

5. Calculate the multifactor productivity measure for each of the day shown below in the table. Assume 8 hours a day and hourly wage of $10. Overhead is 1.5 times the weekly labor cost. Material cost is $5 per pound and the standard price of a unit of output is $50 a unit. What do the productivity figures suggest to an operations manager? Day 1 Output (Units) Workers 30 Materials (lbs) 30 35 35 32 7 32 36 8 36 5 33 33 27 30 31 7 32 2346 67

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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5. Calculate the multifactor productivity measure for each of the day shown below in the table. Assume 8 hours a day and hourly wage of $10. Overhead is 1.5 times the weekly labor cost. Material cost is $5 per pound and the standard price of a unit of output is $50 a unit. What do the productivity figures suggest to an operations manager? Day 1 Output (Units) Workers 30 Materials (lbs) 30 35 35 32 7 32 36 8 36 5 33 33 27 30 31 7 32 2346 67
Transcribed Image Text:5. Calculate the multifactor productivity measure for each of the day shown below in the table. Assume 8 hours a day and hourly wage of $10. Overhead is 1.5 times the weekly labor cost. Material cost is $5 per pound and the standard price of a unit of output is $50 a unit. What do the productivity figures suggest to an operations manager? Day 1 Output (Units) Workers 30 Materials (lbs) 30 35 35 32 7 32 36 8 36 5 33 33 27 30 31 7 32 2346 67
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