Explain multifactor productivity, Operation Management

Assignment Help:

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $15, the overhead rate is 1.0 times labour cost, and material cost is $6 per customer. Unit Employees Customers Processed / Day A 2 32 B 4 46 C 6 64 D 2 24 a. Compute the labour productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labour Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Unit Labour Productivity Multifactor Productivity 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 labour and multifactor productivity rates for each unit. (Round your "Labour Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 4 decimal places.) Unit Labour Productivity Multifactor Productivity A B C D


Related Discussions:- Explain multifactor productivity

Ethical issues that could comes in the underwriting process, What is the di...

What is the difference between rating and underwriting and how is it used? Identify and discuss any ethical issues that could arise in the underwriting process.

Explain developing or enhancing their organization, There are several diffe...

There are several different models of business development that entrepreneurs can utilize when developing or enhancing their organization. Research on stages of business developmen

Explain elements necessary for the formation of a business, What are the th...

What are the three elements necessary for the formation of a business contract? What are the six defences to formation of a contract? Illustrate your definitions with examples of e

Plant layout, Outline the considerations for choice of location and the cri...

Outline the considerations for choice of location and the criteria for good layout?

Define how each it project supports bill''s umuc pizza, Explain how each IT...

Explain how each IT project listed above specifically improves and/or supports Bill's UMUC Pizza business

Break Even Sales, K Ltd a multi product company, furnishes you the followin...

K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000

Line balancing, What do you understand by “line balancing”? What happens if...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Types of manufacturing system & layout, Types of Manufacturing System & Lay...

Types of Manufacturing System & Layout A layout essentially refers to the arranging and grouping of machines which are meant to produce goods. Grouping is done on different li

Explain what is economic value added, Spencer Inc. has the following inform...

Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $500; Total assets = $4,000; Short-term investments =

What does mean owns real estate in fee simple absolute, If someone owns rea...

If someone owns real estate in fee simple absolute, what does that mean?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd