Lillian Fok is president of Lakefront Manufacturing, a producer of bicycletires. Fok makes 1,200 tires per day with the following resources:Labor:Raw Material:Energy:Capital:425hours per day @ $12.00 per hour21,000pounds per day @ $1.50 per pound$5,250 per day$10,000 per daya) Labor productivity per labor hour for these tires = tires/labor hour(round your response to two decimal places).b) Multifactor productivity for these tires =response to four decimal places).tires/dollar (round yourc) The percent change in multifactor productivity if Fok can reduce theenergy bill by $950 per day without cutting production or changing anyother inputs =% (enter your response as a percentage rounded to twodecimal places).Note: calculate the new multifactor productivity to four decimal placesbefore calculating the percentage change.

Answered: Lillian Fok is president of Lakefront…

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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Q- ABC Company produces 10,000 units per month. The unit is sold in the market for $2. The labor costs the company $5,000 per month. The material to produce the required quantity costs them $1,000. The overhead cost for the company is $3,000. Calculate the multifactor productivity for the company.
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AI Maha company produces 1000 units in a ten-hour day by 6 workers who use 400 kilos of raw materials. Workers are paid 5 omani Rials per hour; raw material cost is 0.5 Rid per kilo. The overhead cost is 60 omani Rials. Calculate the labor productivity (per labor hour). 0 a. 16.67 O b. None is correct C) c. 1212 0 d. 25.25 O e. 10.67
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