2 The following table shows data on the average number of customers processed by several bank service units each day. The hourlywage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.UnitEmployeesCustomers Processed / DayА4364086020a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity.(Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)Multifactor Productivity(customers per dollar input)Labor ProductivityUnit(customers per day per worker)АВCb. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additionalcustomer per day. Compute the expected labor and multifactor productivity rates for each unit. (Round your "Labor Productivity"answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)Labor ProductivityMultifactor ProductivityUnit(customers per day per worker)(customers per dollar input)AВC

Given data The following formula will calculate labor productivity

The following table shows data on the average number of customers processed by several bank service units each day. The hourly vage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer. Unit Employees Customers Processed / Day А 4 36 B 40 60 3 20 . Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) Unit A B D o. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional customer per day. Compute the expected labor and multifactor productivity rates for each unit. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Labor Productivity (customers per day per worker) Multifactor Productivity (customers per_dollar input) Unit A B

The following table shows data on the average number of customers processed by several bank service units each day. The hourly vage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer. Unit Employees Customers Processed / Day А 4 36 B 40 60 3 20 . Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) Unit A B D o. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional customer per day. Compute the expected labor and multifactor productivity rates for each unit. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Labor Productivity (customers per day per worker) Multifactor Productivity (customers per_dollar input) Unit A B

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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Question

The following table shows data on the average number of customers processed by several bank service units each day. The hourly
wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer.
Unit
Employees
Customers Processed / Day
А
4
36
40
8
60
20
a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity.
(Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)
Multifactor Productivity
(customers per dollar input)
Labor Productivity
Unit
(customers per day per worker)
А
В
C
b. Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional
customer per day. Compute the expected labor and multifactor productivity rates for each unit. (Round your "Labor Productivity"
answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)
Labor Productivity
Multifactor Productivity
Unit
(customers per day per worker)
(customers per dollar input)
A
В
C

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