Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that begin production each month, only 80 percent are considered good enough to sell. The other 20 percent are scrapped due to quality problems that are identified after they have completed the production process. Each guitar sells for $260. Because some of the production process is automated, each guitar only requires 8 labor hours. Each employee works an average of 160 hours per month. Labor is paid at $11 per hour, materials cost is $40 per guitar, and overhead is $4,000. a. The labor productivity ratio for Mack's guitar fabrication shop is $ 26 per hour. (Enter your response rounded to two decimal places.) The multifactor productivity ratio for Mack's guitar fabrication shop is 1.24 (Enter your response rounded to two decimal places.) b. After some study, the operations manager Darren Funk recommends 3 options to improve the company's multifactor productivity > Option 1 increase the sales price by 15 percent > Option 2 improve quality so that only 15 percent are defective, or > Option 3. reduce labor, materials, and overhead costs by 15 percent. If Mack's guitar fabrication shop decides to implement Darren Funk's option 1 to improve the multifactor productivity, the new productivity level would be (Enter your response rounded to two decimal places. After some study, the operations manager Darren Funk recommends 3 options to improve the company's multifactor productivity: > Option increase the sales price by 15 percent >> Option 2. improve quality so that only 15 percent are defective, or > Option 3. reduce labor. materials, and overhead costs by 15 percent. Hack's guitar fabrication shop decides to implement Darren Funk's option 1 to improve the multifactor productivity, the new productivity level would 132 (Enter your response rounded to two decimal places.) Nack's guitar fabrication shop decides to implement Darren Funk's option 1 to improve the multifactor productivity the new productivity level woul be 132 (Enter your response rounded to two decimal places) I Mack's gular fabrication shop decides to implement Darren Funk's option 2 to improve the multifactor productivity, the new productivity level wout de 125 Enter your response rounded to two decimet places ] E Mack's guitar fabrication shop der des to Emplement Darren Funk's option 3 to mprove the multifactor productivity, the new productivity level woul be 135 Enter your response touted to two decimal places) For increasing the multifacio: productivity level out of the three options identified by Darren, the option that provides the most improvement in productivity is Option 3