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 $17 per hour per employee. Each employee identifies an average of 3,900 potential leads a week from a list of 4,800. Anaverage of 8 percent of potential leads actually sign up for the service, paying a one-time fee of $90. Material costs are $1,300 perweek, and overhead costs are $9,100 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 ability to manufacture products and services effectively and efficiently.

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...

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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
Explain the meaning of the saying that productivity is a relative measure briefly .
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At Symbiotech, the output of a process is valued at $30 per unit. The cost of labor is $70 per hour including benefits. The accounting department provided the following information about the process for week 1: Units produced = 2,300, Labor ($) = 14,500, Material ($) = 22,700, Overhead ($) = 10,270. The multifactor productivity ratio for week 1 is: C. 4.76 A. 1.46 B. 0.049 D. 2.79
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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
Gratha solutions limited is a newly registered organization. The company has been approached to prepare an interview guide for the recruitment of operations manager. Clearly explain the contents that the organization would find useful and relevant in preparing key performance indicators and job description. Additionally, state the value that the operations manager would add in the organization
Consider there are two manufacturing businesses A and B makes automotive tires. The standard time is 15 min/piece. The outcome of both the businesses is 30 & 20 individually per 8 hr working shift. Determine the productivity of both businesses per shift of 8 hr. What is the standard production for both businesses per week comprising of 6 days?
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: $/input$
Suggest measurements of productivity which are often usedby operations managers in:a. Airline b. Bus c. Hotel
Answer the labor productivity of jollibee or mcdonalds. Answer the table below.

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