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1. A company offers ID theft protection using leads obtained from client banks. There are 9 employees who each work 40 hours per week on leads at a pay rate of $12.5 per hour. Each employee identifies an average of 9679 potential leads per week. An average of 5 percent of potential leads actually sign up for the service, paying a one-time fee of $92. Material costs are $697 per week and overhead costs are $1379 per week.
Calculate the multifactor productivity for this operation in fees generated per dollar of input.
Round to at least 5 decimal places
2. A company produces 1160 units of output per hour using 38 workers and 559 pounds of raw materials. Each worker is paid $18 per hour. Materials cost $1 per pound. Overhead is charged at 1.8 times the labor expense. Finished units sell for $107 each.
What is multifactor productivity? ($/$)
round to at least 5 decimal place
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