Labor productivity and the multifactor productivity per unit

Assignment Help Marketing Management

Reference no: EM131037807

The following shows data on the average number of customers processed by several bank service units each day. The hourly wage is $25, the over head rate is 1.0 times labor cost, and material cost is $5 per customer.

Unit: A B C D

Employees: 4 5 8 3

Customers process per day: 36 40 60 20

A) Compute the labor productivity and the multifactor productivity per unit. Use an 8 hr day for multifactor productivity.

B) Suppose a new more standardized procedure is introduced that will enable each employee to process one additional customer per day. Compute expected labor and multifactor productivity rates for each unit.

Please show work.

Reference no: EM131037807

Questions Cloud

Emotionally-charged environment fire department : Liz and Chris work in an emotionally-charged environment fire department. What are some of the things they do to keep their emotions and moods in check?

What does it mean to strategically manage employees : What does it mean to strategically manage employees? Identify and explain the three primary HR activities.

Reasons for government intervention : The imposition of congestion charges on motorists is a form of government intervention intothe issue of traffic congestion on busy public roads. With reference to economic theorycovered in this course, why do you think the government needs to inte..

Prepare a memo for your firm''s tax files : Cheryl incurred $8,700 of medical expenses in November 2015. On December 5, the clinic where she was treated mailed her the insurance claim form it had prepared for her with a suggestion that she sign and return the form immediately to receive her..

Labor productivity and the multifactor productivity per unit : The following shows data on the average number of customers processed by several bank service units each day. The hourly wage is $25, the over head rate is 1.0 times labor cost, and material cost is $5 per customer. Compute the labor productivity and..

Determine charles next most logical course of action : Analyze the scenario to determine which psychological theory - equity, expectancy, or goal-setting - plays a major role in each person's approach. Determine Charles' next most logical course of action.

Analysis of various project management knowledge areas : The case studies ask that students conduct an Assessment and Analysis of various Project Management Knowledge Areas, but our focus will be on Project Procurement Management within the four project phases: inception, development, implementation, and c..

Consider the cmos amplifier : D 8.44 Consider the CMOS amplifier of Fig. 8.16(a) when fabricated with a process for which k1n = 4k1p = 400 μA/V2, / Vt / 0.5 V, and /VA /=5 V. Find IREF and (W/L)1 to obtain a voltage gain of -40 V/V and an output resistance of 100 kΩ. Recall th..

Events would have on lras : What effect each of the following events would have on LRAS? Would LRAS shift left, right or no effect? Explain why.

User Account

All Pages