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8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.

8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.
Transcribed Image Text:8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.
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