Problem 2-3 (Algo)Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeksand an hourly wage of $16. Overhead Is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimalplaces.)Week1AWNF234Output (units)34,00039,00026,00036,000Click here for the Excel Data FileWeek1234Workers7847MFP (Output/Total Cost)Material (lbs)490540460560

Multifactor productivity = Output/Cost Cost = Wage cost + Overhead cost + Material cost Wage…

Answered: Problem 2-3 (Algo) Compute the…

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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Information about Remarkable Corporation is as follows: Year 1 Year 2 Output (units) 50,000 50,000 Input quantities: Materials (pounds) 22,500 20,000 Labor (hours) 12,500 10,000 Input prices: Materials (per pound) $6 $7 Labor (per hour) $9 $10 What is the partial operational productivity measure for labor (rounded to decimal places) for Year 2? a. 1.67 b. 2.50 c. 5.25 d. 5.00
Student tuition at Boehring University is $150 per semester credit hour. The state supplements schoolrevenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are$25,000 per class.a. What is the multifactor productivity ratio for this course process?b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-dents, what is the labor productivity ratio?
Your small toy manufacturing facility has the following information: Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)
Bear Lake Seafood produces 652 boxes of seafood per day. There are 3 working shifts, each is 7-hour. The company employs 25 workers for each shift, and pays each worker $15 per hour. The utility cost for the company is $62 per working hour (no utility cost when the company is not in operation). What is the utility productivity (in terms of cost) for the seafood company? Numbers only, keep three decimals if not exact, either round up or down is ok
127) please help me all info is there!! Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 195 units per hour. In the month of July, the company operated the production line for a total of 365 hours and produced 45,400 units of output. What was its capacity utilization rate for the month?Note: Round your answer to 1 decimal place.
A small manufacturing produces certain product at a labor cost of $ 10.00 and material cost of $15 per unit. The fixed charges on the business are $10,000 a month, and variable costs businesse are $10,000 a month, and variable costs besides costs of materials and labor are $8.00 per unit. The products are sold wholesale at $63.00 each. 1) what is the breakeven sales volume of the company? 2) If for every 10 units produced comes out defective and has to be rejected with only full recovery of materials, what should be the break-even point sales volume?
Lulu’s Dancewear operates a garment manufacturing business that employs 35 operators who work 7 hours a day (breaks already factored), 5 days a week. The plant has an 90% efficiency factor. A customer brought in an order for 5,800 units of a Style C that has a SAM of 20 min. How many units of style C are they producing in in a day? Round your answer to whole numbers but do not round until you get to the final answer. Group of answer choices 672 735 655 661
can I get answer explained.A dentist charges patients $100 for teeth cleaning and pays his dental hygienists $15 per hour. (Assume the only workers are the dental hygienists and assume they always work an 8 hour day.) Overhead is charged at a daily rate of $200 plus ½ times the direct labor costs. Material costs are $20 per patient per visit.Given the weekly output below, what is the average multifactor productivity for this process for the entire week in terms of REVENUE per cost. (In other words, use money in the numerator and denominator.)?# of # of DentalDay Patients HygienistsMonday 8 1Tuesday 14 2Wednesday 15 2Thursday 25 3Friday 24 3A) State the formulaB) Determine the unit of measure for the numeratorC) Determine the unit of measure for the denominatorD) Calculate Productivity for each Day
Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)
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Output Inputs 340,000 units 6,300 labor hours @ $13.00 per hour Sales price = $1,310.00/unit Material cost = $41,500,000 Utilities cost = $4,400 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places.
If customer demand is 203,000 units per month, and available manufacturing capacity is 4,000 hours per week, what is the Takt time for this firm? (Round your answer to 2 decimal places.) Takt time hour/unit

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