A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, ata pay rate of $20 per hour per employee. Each employee identifies an average of 4,200 potential leads a week from a list of 5,000. Anaverage of 9 percent of potential leads actually sign up for the service, paying a one-time fee of $80. Material costs are $1,200 perweek, and overhead costs are $9,000 per week.Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.)Multifactor productivity

Productivity is the production efficiency of manufacturing products and services using different…

Answered: Calculate the multifactor productivity…

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...

See similar textbooks

Similar questions

Bear Lake Seafood produces 573 boxes of seafood per day. There are two working shifts, each is 6-hour. The company employs 12 workers for each shift, and pays each worker $18 per hour. The utility cost for the company is $35 per working hour (no utility cost when the company is not in operation). What is the total productivity for the seafood company? Numbers only, keep three decimals if not exact, either round up or down is ok
I need help with this problem
Please answer fast I will rate for you sure....
What is role of Productivity in the Service Sector?
Describe the differences between productivity and its subcomponents (total measure productivity, partial measure productivity, and multifactor measure productivity) related to production and operations management success.
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 perminute. Clients are charged a fee of $400. Company A’s software would reduce the average searchtime by 10 minutes, at a cost of $3.50 per search. Company B’s software would reduce the averagesearch time by 12 minutes at a cost of $3.60 per search. Which option would have the higher productivity in terms of revenue per dollar of input?
The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1 times labor cost, and material cost is $5 per customer. Unit Employees Customers Processed / Day A 3 36 В 6. 44 C 6. 58 D 32 Click here for the Excel Data File a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Multifactor Productivity (customers per day per worker) (customers per dollar input) Labor Productivity Unit A В C
Consider the information given below. Output Inputs 335,000 units 6,400 labor hours @ $14.00 per hour Sales price = $1,301.00/unit Material cost = $41,250,000 Utilities cost = $4,600 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places. Labor productivity: $/labor$ Material productivity: $/material$ Utilities productivity: $/utility$ Total productivity: $/input$
A manager checked production records and found that a worker produced 168 units while working 40 hours. In the previous week, the same worker produced 102 units while working 30 hours. a. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.) Current period productivity Units / hour Previous period productivity Units / hour b. Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations and final answer to 2 decimal places.) Worker's productivity by %
Kleen Karpets cleaned 5000 square feet of rugs last month, consuming 400 hours of labor at $10 per hour, 100 gallons of solvent at $5 per gallon, and 20 days of machine rental at $25 per day. What is the multifactor productivity for the month as measured by square feet of rugs per dollar spent?
Bear Lake Seafood produces 652 boxes of seafood per day. There are 3 working shifts, each is 7-hour. The company employs 25 workers for each shift, and pays each worker $15 per hour. The utility cost for the company is $62 per working hour (no utility cost when the company is not in operation). What is the utility productivity (in terms of cost) for the seafood company? Numbers only, keep three decimals if not exact, either round up or down is ok
List five important differences between goods production and service operations, then list five importantsimilarities.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

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

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

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…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Multifactor productivity