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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 $8 per customer. Unit Employees Customers Processed / Day A 5 34 B 5 42 C 7 66 D 3 22 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.) Unit Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) A B C D 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.) Unit Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) A B C D
How important is choosing a location for a brick and mortar business? What are the factors that must be considered? Do these same factors apply to an online business?
would you want to engage in international trade? Why? Why not? What impact would your endeavors in international trade have on your business?
E-Commerce is the death knell of the traditional department store" - Please discuss the impact of E-Commerce on traditional department stores. You should also discuss the impacts of E-Commerce from the perspective of the consumer and the society both..
For each scenario in the below table, run 30 simulations and report the overall mean service level and the estimated total cost. Does this new reorder point achieve the desired service level of .9? If so, which scenario would you recommend
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Create a new worksheet in the database to compute gross revenues by month and region, as well as world-wide totals, for each product using the data in Mower Unit Sales and Tractor Unit Sales
Analyze the fundamental reasons why the executives in the case refused to listen to their own employees but were willing to listen to a consultant. Discuss the main reasons why the executives still seemed apprehensive even after the consultant's p..
When evaluating or selecting a third party supplier, which of the following characteristics should be reviewed
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Implementation plan including contingency plans for identified risks
time between arrivals at state revenue office is exponential with mean value .05 hour. Office opens at 8:00am. Write exponential distribution which describes interval time.
Lisa's order costs of $205 per order, her annual holding costs are 5%, and the annual demand is 49,900 pieces. For the best option, (the best option is the price level that results in an EOQ within the acceptable range).
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