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Collins Title Insurance Co. has a staff of 4 each working 8 hours per day for a payroll cost of $640 per day Overhead costs
Collins Title Insurance Co. has a staff of 4 each working 8 hours per day for a payroll cost of $640 per day Overhead costs are $400 per day. Collins processes and closes on 8 titles per day. The new computerized system allows them to close on 14 titles per day. The staff, their work hours and pay stay the same. The new Overhead is $800 per day. Has Labor Productivity Increased? If so, by how much?
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