A company produces 7,671 toys per day. The materials used is $9 per toy.The company employs 93 workers, who work 9 hours a day and get paid$24 per hour. The overhead cost is $295 per day. Please calculate thetotal productivity for this company.Numbers only, keep three decimals if not exact, either round up or down is ok

Total productivity indicating the number of output or the value of output produced based on a single…

Answered: $24 per hour. The overhead cost is $295…

Business

Operations Management

$24 per hour. The overhead cost is $295 per day. Please calculate the total productivity for this company.

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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Concept explainers

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.

Question

A company produces 7,671 toys per day. The materials used is $9 per toy.
The company employs 93 workers, who work 9 hours a day and get paid
$24 per hour. The overhead cost is $295 per day. Please calculate the
total productivity for this company.
Numbers only, keep three decimals if not exact, either round up or down is ok

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