StylesParagraphThe following table shows data on the average number of customers processed by several bank serviceunits each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material costis $5 per customer. (on an excel file with shown formulas)4a. Compute the labor productivity per worker4b. Compute multifactor productivity for each unit. (the hours worked is 8 hrs per worker so you willneed this to find the MFP)NOTE: Use an eight-hour day for multifactor productivity.Customers UnitEmployeesProcessed/Day4.B.5.8.09C.D.3.DFocusK Accessibility: UnavailableA.

Productivity is the measurement of output production as compared to the input used effectively and…

Answered: Styles Paragraph The following table…

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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1.6 Eric Johnson makes billiard bails in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in deterrnining the productivity of his organization. He would like to know if his organization is maintain- ing the manufacturing average of 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Now Units produced Labor (hours) Resin (pounds) Capital invested ($) Energy (BTU) 1,000 275 : 45 11,000 1.000 300 50 10,000 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical stan- đard for comparison.
If the time standard is 0.7293 minutes per unit per machine. productivity is expected to be 85%, and the takt time is 0.116 minutes per unit. What is the number of machines that will be needed if the job is to be done in 8 hours on one shift with no overtime? (NOTE: you must have an integer number of machines.) Do NOT inlcude units such as "machines."
There are ________ basic sources from which performance data can be obtained. a. Six b. Seven c. Three d. Two
Chetan
A company that processes fruits and vegetables is able to produce 1000 cases of canned peaches in 8 hours with four workers. Each worker is paid 2 RO per hour. What are the new labor hours, if output remains the same and the productivity in terms of cases/RO increased by 15%. Round to 2 decimal places O a. 7.82 hours O b. 6.96 hours O c. 5.57 workers O d. 2.35 hours Oe. None is correct
Saved g Enabled: Chapter 8 Non-Linear Programming E. %3D The relationship between training costs (x) and productivity (y) is given by the following formula, y = -7x + 5x2. 25. a. Will Nonlinear Solver be guaranteed to identify the level of training that maximizes productivity? O No O Yes b. If training Is set to 5, what will be the resulting level of productivity? (Round your answer to the nearest whole number.) Level of productivity Nov 10, 2021
2. Employers often make hiring decisions for new employees based on a college degree and GPA even if the employment tasks are unrelated to the skills learned in college. Which of the following could be an explanation for this phenomenon? College education improves labor productivity; College education is a public good; College education serves as a signal for the hidden productivity of the worker. Pick the correct reason and explain why the others are not valid explanations for the given phenomenon.
A team of workers makes 400 units of a product, which is sold in the market for $11 each. The accounting department reports that the labor costs are $400, $1000 for materials, and $300 for overhead. Calculate the productivity of this team operation. (In sales revenue/ Costs). 2.58 2.35 3.14 2.55
11:33 20. A worker will work for 48 hours per week for 6 days. If the standard time is 12.58 minutes compute the production standard per day. Just write the answer, no need to write the units Your answer Your answer 21. if standard time in for present method is * 15.25 minutes per unit, standard time for improved method is 9.10 minutes per unit. Assume worker will work for 40 hours per week for 5 days. compute the production standard of present method 22. Compute the production standard of improve method Your answer AA LTE 67 docs.google.com 8 *
45:42 labor force is 180 million. The number of employed workers in this economy is Multiple Choice 166.5 million. 13.5 million, 174.6 million. 15.7 million.
Productivity should be a concern of every business organization.a. How is productivity defined?
Labor productivity can never be measured in $/S. Rather it can be measured in $/hr or $/worker or $/labor-hr. O a. True O b. False

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