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

Evaluate many supply chain strategy considerations, Evaluate various supply...

Evaluate various supply chain strategy considerations for managers moving products or services to the consumer.

Why the company operates an average of 20 days a month, A food processor us...

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding c

Describe regards to ethical business practices, I have a question in regard...

I have a question in regards to ethical business practices. Businesses are concerned with their profits, most directly sustaining and improving. One business comes to mind, Apple.

Determine the price to maximize profit, The Hickory Cabinet and Furniture C...

The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per cha

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

What do you understand by “line balancing”?

Calculate the regression equation, The I-10 carpet outlet wants to develop ...

The I-10 carpet outlet wants to develop a means to forecast its sales. The store manager believes that the stores sales are directly related to the number of new housing starts in

Product layout, how to identify layout ex holidays resort

how to identify layout ex holidays resort

PROJECT MANAGEMENT CPM/PERT CHAT, prepare CPM/PERT chat and determine the s...

prepare CPM/PERT chat and determine the shortest time this project can be completed (using crash time )

Explain sample provided by the supplier, A shirt manufacturer buys cloth by...

A shirt manufacturer buys cloth by the 100-yard roll from a supplier. For setting up a control chart to manage the irregularities (e.g., loose threads and tears), the following dat

Explain the employees in the chattanooga ice cream case, Who are the employ...

Who are the employees in the Chattanooga Ice Cream Case?

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