Computing Multifactor ProductivityA health club has two employees who work on lead generation. Each employee works 40 hours a week, and is paid $20 an hour. Each employee identifies an average of 400 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a onetime fee of $100. Material costs are $130 per week, and overhead costs are $1,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input.
Computing Multifactor ProductivityA health club has two employees who work on lead generation. Each employee works 40 hours a week, and is paid $20 an hour. Each employee identifies an average of 400 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a onetime fee of $100. Material costs are $130 per week, and overhead costs are $1,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input.
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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Computing Multifactor Productivity
A health club has two employees who work on lead generation. Each employee works 40 hours a week, and is paid $20 an hour. Each employee identifies an average of 400 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a onetime fee of $100. Material costs are $130 per week, and overhead costs are $1,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input.
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