Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An industrial plant needs to make 1 0 0 , 0 0 0 parts per month to meet demand. Each month contains 2 0 working

An industrial plant needs to make 100,000 parts per month to meet demand. Each month
contains 20 working days, each of which allows for 3 separate 8 hour shifts.
(a) If a worker can produce 10 parts/hour, how many workers are needed on each shift? (3 marks)
(b) If material costs are $10? part, capital costs are $100,000 and labor costs are $10? hour, what is
the multifactor productivity of the plant? (3 marks)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General And Industrial Management

Authors: Henri Fayol, Constance Storrs

1st Edition

1614274592, 978-1614274599

More Books

Students also viewed these General Management questions

Question

Cite the characteristics of satisfying intimate relationships.

Answered: 1 week ago