A factory produces 14,000 desk staplers each week. The equipment used costs $50,000 and will remain productive for four years. The labor costper year is $190,000.a. What is the productivity measure of "units of output per dollar of input" averaged over the four-year period? Assume that there are 52 weeksper year. Round your answer to two decimal places.units of output per dollar inputb. We have the option of buying $55,000 of new equipment, with an operating life of seven years. It would reduce labor costs to $124,000 peryear. Should we consider purchasing this equipment (using productivity arguments alone)? Assume that there are 52 weeks per year. Roundyour answer for productivity to two decimal places.For the newer machine, the productivity is-Select-, it would be a-Select- investment.-Select-higherlowerunits of output per dollar input. Because the productivity of the new machine is

First, let me state the given data,

Answered: a. What is the productivity measure of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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This year, Druehl, Inc., will produce 57,600 hot water heaters at its plant in Delaware, in order to meet expected global demand. To accomplish this, each laborer at the plant will work 200 hours per month. If the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? ttempt Number of laborers employed by the plant = laborers (round your answer to the nearest whole number).
An operation in a company has 25% scrap rate. It produces 2000 units in a seven-hour day. The units are produced by 4 workers who use 400 kilos of raw materials. Workers are paid 5 Omani Rials per hour, raw material cost is 1 Rial per kilo. The overhead cost is 50 Cmuni Rials Calculate the Multifactor productivity (labor +raw material + overhead) Round to the nearest decimal place. Select one: O a. 254 O b. None is correct OC1.93 O d.339 O e04
In a manufacture company, a group of workers produces 20,000 units of a product and sold them in the market for $15 each. The accounting department reports that, In order to produce all of these products. it costs. S 200 for labor. S600 for materials. $150 for overhead, $1000 for administrative manager salary. Now what is the multifactor productivity for this process?
A hamburger factory produces 45,000 hamburgers each week. The equipment used costs $13,000 and will remain productive for four years. The labor cost per year is $12,000. a. What is the productivity measure of "units of output per dollar of input" averaged over the four- year period? Assume that there are 52 weeks per year. Round your answer to one decimal place. hamburgers/dollar Productivity: 153 b. We have the option of $15,000 equipment, with an operating life of five years. It would reduce labor costs to $9,500 per year. Should we consider purchasing this equipment (using productivity arguments alone)? Assume that there are 52 weeks per year. Round your answer for productivity to one decimal place. For the expensive machine, productivity is the productivity of the expensive machine is investment based on this single criterion. lower 187 hamburgers/dollar input. Because it would be a bad
1. Nasrin, Rashed and Tahmid run a Chocolate manufacturing company. Their productionruns 30-hour per week and they pay $6 per hour to their labors. Material cost is $3.5 per lbs.Machine productivity is 2.5 times weekly labor cost. Overhead is $300 per week. The weeklyproductivity figures are given below:Weeks Output (Units) Labors Material (lbs)1 1400 8 362 1500 9 343 1250 6 334 1300 7 35 a) Compute multi-factor productivity of machine and material for each of the monthsshown for their Chocolate manufacturing firm.b) Compute multi-factor productivity of Labor and Overhead for each of the months shownfor their Chocolate manufacturing firm.c) Compute total productivity measure for each of the months shown for their Chocolatemanufacturing firm.d) What do the productivity figures suggest? undefined
An operation in a company has 25% scrap rate. It produces 2000 units in a ten-hour day. The units are produced by 4 workers who use 400 kilos of raw materials. Workers are paid 5 Omani Rials per hour; raw material cost is 0.5 Rial per kilo. The overhead cost is 50 Omani Rials. Calculate the Multifactor productivity (labor +raw material + overhead). Round to the nearest two decimal places. Oa. None is correct ОБ. 2.67 О с. 3.33 O d. 4.44
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 $112 each. What is the productivity of materials? ($/$)
A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$550 per week, overtime is $825 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify atemporary hire? Hint: Use break-even analysis (see Supple-ment A, “Decision Making Models”). Let w be the numberof weeks of the high demand (rather than using Q for thebreak-even quantity). What is the fixed cost for the regular-time option? Overtime option?
Q- ABC Company produces 10,000 units per month. The unit is sold in the market for $2. The labor costs the company $5,000 per month. The material to produce the required quantity costs them $1,000. The overhead cost for the company is $3,000. Calculate the multifactor productivity for the company.
An operation in a company has 25% scrap rate. It produces 2000 units in a ten-hour day. The units are produced by 4 workers who use 400 kilos of raw materials. Workers are paid 5 Omani Rials per hour; raw material cost is 0.5 Rial per kilo. The overhead cost is 50 Omani Rials. Calculate the Multifactor productivity (labor +raw material + overhead). Round to the nearest two decimal places. Select one: a. 3.33 O b. 2.67 O c. 4.44 O d. None is correct
A dressmaker manufactures fashionable clothing. In a specific week, employees worked 360 hours to produce a batch of 132 garments, 52 of which were “second” (defective), which will be sold for $ 90 each in the store for factory sales. The remaining 80 garments will be sold to retail distributors at a price of $ 200 each. What is the labor productivity ratio?
Zhu Manufacturing is considering the Introduction of a family of new products. Long-term demand for the product group is somewhat predictable, so the manufacturer must be concemed with the risk of choosing a process that is inappropriate. Faye Zhu is VP of operations. She can choose among batch manufacturing or custom manufacturing, or she can invest in group technology, Zhu won't be able to forecast demand accurately until after she makes the process choice. Demand will be classified into four compartments: poor, fair, good, and excellebt The table below indicates the payoffs (profits) associated with each processidemand combination, as well as the probabilities of each long-term demand level: Demand Poor Fair Good Excellent Probability Batch Custom 0.15 0.40 -$300,000 $100,000 $1,200,000 $800,000 $400,000 $00,000 0.30 $1,200,000 $750,000 $500,000 0.15 $1,300,000 $800,000 $2,200,000 Group technology a) The alternative that provides Zhu the greatest expected monetary value (EMV) is…

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