Problem 2-16 Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT 50,590 cages Sales price: $3.40 per unit Units sold Sales (dollars) $ Production time Wages Raw materials (total cost) Component parts (total cost) Find the total productivity in Units Sold and Dollars of Sales per Dollar Input. (Do not round intermediate calculations. Round your answers to 2 decimal places.) INPUT Total Productivity per dollar input per dollar input 642 labor hours $ 7.40 per hour $ 31,250 $ 15,000

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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.