A wrapping paper company produced 2,000 rolls of paper one day. Standard price is $0.75/roll. Labor cost was $ 160, material cost was $ 50, and overhead was $ 320. Determine the multifactor productivity in terms of dollars of output per dollars of input

A wrapping paper company produced 2,000 rolls of paper one day. Standard price is $0.75/roll. Labor cost was $ 160, material cost was $ 50, and overhead was $ 320. Determine the multifactor productivity in terms of dollars of output per dollars of input

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter8: Producing Quality Goods And Services

Section8.7C: The Impact Of Automation, Robotics, And Computers On Productivity

Problem 1CC

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Overall Equipment Effectiveness

Overall equipment effectiveness or OEE as it is known can be defined as a widely standard to measure manufacturing productivity. In other words, it can also be defined as the exact percentage of time which is productive. If the score of overall equipment effectiveness is 100%, it is an indication that only good parts are being manufactured with no stop time. Hence OEE of 100% means 100% quality, performance & also availability.

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Price / Unit ($) Units Sold Labor (HRS) Labor Cost / HR Material Usage (LBS) Material Cost / LB Other Costs Total Productivity ($) Labor Productivity ($) Material Productivity ($) roductivity Growth (%) Q1 $171.67 27,708 29,365 $63.25 14,306 $51.20 $57,224.20 $2.561 $6.494 Q2 $189.74 23,190 22,588 $63.25 12,980 $54.21 $48,188.80 $3.080 $6.253