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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Similar questions

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.
XYZ Corp projects an increase in revenue for the next year based on an increase in productivity. What would XYZ need to avoid when making its projection? Select an answer: identifying its current resources identifying new resources added in the next year defining future maximum productivity defining current maximum productivity
Information from Stellar Construction Group's first year of operations is available below: Sales in units 7,600 Production in units Manufacturing costs: Direct labor 9,000 $2.75 per unit| Direct material $5.00 per unit| Variable overhead $1.90 per unit Fixed overhead $90,000 SG&A costs: Variable Cost $5.00 per unit| Fixed cost $80,000 Sales price per unit $55 Create an income statement using absorption costing. Create a contribution margin income statement using variable costing .
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
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.
Sammy spent $10 on stationery. This was d dollars less than 4 times what she spent on dinner. How much did she spend on dinner?
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
= Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1.00 per pound $5,250 per day $10,250 per day a) Labor productivity per labor hour for these tires = Labor: Raw Material: Energy: Capital: tires/labor hour (round your response to two decimal places). a

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