multifactor productivity
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- The following data is for production of chocolate bars over a four-week period. Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.
Week |
Output (units) |
Worker |
Material (lbs.) |
1 2 3 4 |
30,000 33,600 32,200 35,400 |
6 7 7 8 |
450 470 460 480 |
- Compute the multifactor productivity measure for each of the four weeks.
- What do the figures suggest? Compute the productivity growth from week 1 to week 4.
Multifactor productivity indicating the proportion between output and input. Using the given information, we can calculate the multifactor productivity using the given formula
Productivity = output/sum value of input
Here, we can calculate the multifactor productivity of each week like given below.
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- As a human resource specialist, you have decided to use a productivity factor approach for determining future human resource requirements and employee turnover rates for estimating availability of current employees for meeting human resource requirements. Current annual revenue is $325,000,000 with next year's revenue projection set at an increase of 15%; the revenue increase expected for the following year is 10%. Productivity of assembly / operative workers will increase 10% next year and 5% the year after next. Productivity of all other employees will remain constant over the next two years. A. How many employees are needed next year (or one year from now) in total and in each classification? B. How many employees in total and in each classification will be available one year from now to fill various positions? C. What action decisions are necessary when comparing the demand and supply forecasts for next year? D. How many assembly / operative workers are needed for two years from…As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year. Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700 Labor: $10.00/hr. Capital: 6% per month of Investment Energy: $0.75 per BTU. Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.The following data was recorded last period for production department that under the management of Mr. Cobblepot. Budgeted labour hours = 2,700 hoursNumber of units of product X manufactured = 350 unitsNumber of units of product Y manufactured = 400 unitsStandard hours to produce one unit of X = 3 hoursStandard hours to produce one unit of Y = 4 hoursActual labour hours worked = 3,110 hours In order to measure the productivity of a labour , calculate the capacity ratio ? Show solution
- Munson Performance Auto, Inc., modifies 375 autos per year. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year’s performanceas a benchmark for future comparison. You have assembled the following data. Resource inputs were labor, 10,000 hours; 500 suspension and engine modification kits; and energy, 100,000 kilowatt-hours. Average labor cost last year was $20 per hour, kits cost $1,000 each, and energy costs were $3 per kilowatt hour. What do you tell Mr. Munson?The following data was recorded last period for production department that under the management of Mr. Cobblepot. Budgeted labour hours = 2,700 hoursNumber of units of product X manufactured = 350 unitsNumber of units of product Y manufactured = 400 unitsStandard hours to produce one unit of X = 3 hoursStandard hours to produce one unit of Y = 4 hoursActual labour hours worked = 3,110 hours In order to measure the productivity of a labour , calculate the efficiency ratio ? show solutionLillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: Raw Material: Energy: Capital: 425hours per day @ $12.00 per hour 21,000pounds per day @ $1.50 per pound $5,250 per day $10,000 per day a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = response to four decimal places). tires/dollar (round your c) The percent change in multifactor productivity if Fok can reduce the energy bill by $950 per day without cutting production or changing any other inputs =% (enter your response as a percentage rounded to two decimal places). Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.
- A company produces 1,222 units of output per hour using 28 workers and 528 pounds of raw materials. Each worker is paid $15 per hour. Materials cost $4 per pound. Overhead is charged at 1.8 times the labor expense. Finished units sell for $112 each. What is the productivity of materials? ($/$)calculate the productivity of the firm that produces beef products as it produces 6000 units in almost 567 hours and each unit sold for $ 41 per unit . The labour rate is $ 36 per hour, cost of the materials is $ 6000 and the cost of overhead is 3xlabour cost .A factory produces 7,500 units of car replacement component per month which can be sold at the price of $50/unit. The monthly labor cost is $1,050, material cost is $5,200, and overhead cost is 15% of the material cost. Compute the different productivity measure you can conclude, and specify who may be interested in each measure.
- Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour 20,000 pounds per day @ $1.50 per pound $5,250 per day $10,250 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires tires/dollar (round your response to four decimal places). %3DMunson Performance Auto Inc., modifies 350 autos per year. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year's performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were: labor, 10,000 hours; 540 suspension and engine modification kits; and energy, 100,000 kilowatt-hours. Average labor cost last year was $30 per hour, kits cost $1,000 each, and energy costs were $4 per kilowatt-hour. The overall performance at Munson Performance Auto, Inc= autos/dollar of input (round your response to six decimal places).Develope a productivity measure for a product that utilizes labor machine time, raw materials and purchased materials. Assume 10,000 units are produced in 400 hours and are sold for $ 11/ unit. The labor rate is $ 10/ unit, the cost of the raw materials is $ 5500 and the cost of purchased materials is $ 21,500.