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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 $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
A process capacity methodology that is used to show how well parts being produced fit into a range specified by design limits is which of the following? Answers- a. Answer n
Given the following data for Albert's fabricating production area: Fixed costs for one shift = $60,000 Unit variable cost = $7 Selling price = $12 Number of machines = 5 Number of
A decision maker has the following utility function. Payoff Indifference Probability 250 1.00 200 .90 100 .80 50 .50 -50 0 What is the risk premium for
What do Klein Felds efforts at Siemens tell you about the difficulties of restructuring organizations?
The use of surveys of experts to estimate long-run production costs may be undermined by the fact that- Reporting biases can occur It is dependent on the judgments of individ
Weekly sales of rye bread at the corner store are shown below. Using this data, forecast Week 7 using a six-week moving average. Week Sales 1 415 2 389 3 420 4 382 5
Explain Improving Productivity. Improving Productivity: The production essence is creation of goods, may be by the transformation of raw materials or through assembling vario
In Doc Sharing, you will find an Access database labelled Week 4 Discussion North wind. Save the database to your computer and open the database using Access. Answer the questions
Define what mechanisms are related to the organization's SWOT in order to unfreeze, change, and refreeze (Lewin's theory of change) HR/business practices across the global organiza
what are stra thetegies used in TQM to deal with issue of cost of quality
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