The following table shows data on the average number of customers processed by several bankservice units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, andmaterial cost is $5 per customer.CustomersUnitEmployeesProcessed/DayA436В540C860320Compute the labor productivity and the multifactor productivity for Unit A. Use an eight-hour day formultifactor productivity.

provided wage rate = $25 overhead rate = 1.0 times labor cost material cost = $5 per consumer

Answered: The following table shows data on the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. Cardinal Inc. makes a variety of electronic products. Its camera manufacturing plant is considering choosing between two different processes named Alpha and Beta, which can be used to make two component parts A and B. To make the correct decision, the managers would like to compare the multi-factor productivity of process Alpha with that of process Beta. The value of process output for component A and B are $175 and $150 per unit, respectively. The corresponding overhead cost is $6,000 for Alpha process and $5,000 for Beta process. The table below presents detailed information. Process Alpha Process Beta Product A Product B Product A Product B Output (units) 60 60 40 80 Labor ($) $1200 $1400 $1000 $2000 Material ($) $2500 $3000 $1500 $3500 Please answer the following questions: a. Please compute the multifactor productivity for process Alpha and Beta. Which process, Alpha or Beta, is more productive? Which one…
63- The biggest difference among football teams in terms of revenue-generating capacity is A- luxury box revenue B- local television in the city C- the cost of living in the city D- memorabilia sales
Operations and Productivity Explain why management is an important determinant of productivity? Explain why the knowledge society is very important in productivity in a company
Mariah Enterprses makes a variety of consumer electronic products Its camera manutacturing plant is considering choosing betwoen two different processes, named Alpha and Beta, which can be used to make a component part To make the correct docision, the mariagers would like to compare the labor and multifactor productivity of process Alpha with that of process Beta The value of process output for Alpha and Beta is $140 per unit of product A and $160 por unit of product B, and the corresponding overhead costs tor Alpha and Beta are $3,000 and S8,000, respoctively Process Alpha Process Beta Product Output (units) Labor (S) Materials (5) B. A 80 40 70 60 $2,000 $2,500 $1,200 $1,400 $1,000 $1,400 $3,500 $1,500 a. Which process, Alpha or Beta, is more productive? Process Beta hass higher labor productivity Process has % highor multifactor productivity (Enter your responses rounded to the nearest whole number)
Provide three examples of products or services that can be simultaneously consumed by many people. Explain why labor productivity greatly rises as the fifirm sells more units of the product or service. Explain why the higher level of sales greatly reduces the per-unit cost of the product.
Cutie's Cruise Lines realized that they lose money every time they sail with even one empty cabin. The company VP of Operations has asked you, the company analyst, to calculate some metric to measure productivity for the last 5 sailings. Use the following data to determine your company's process yield as a percentage. Cabins Cabins Ship Available Occupied Anna 1940 2150 1860 Betty 2083 Charlie 1900 1810 Don 1930 1630 Eben 1310 1228 (Keep two decimal places in your answer) Your Answer: Answer
= 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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