Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2, Problem 3P
Summary Introduction

To compute: The multifactor productivity for each week.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

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Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.)
The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.   Week Output (units) Worker Material (lbs.) 1 2 3 4 30,000 33,600 32,200 35,400 6 7 7 8 450 470 460 480   Compute the multifactor productivity measure for each of the four weeks.   What do the figures suggest? Compute the productivity growth from week 1 to week 4.
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of$12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.Week Output (units) Workers Material (lbs)1 30,000 6 4502 33,600 7 4703 32,200 7 4604 35,400 8 480
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