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Problem 2-3 (Algo) Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an
Problem 2-3 (Algo) Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.) Week Output (units) Workers Material (lbs) 1 28,000 7 420 2 33,000 8 470 3 31,000 8 510 4 35,000 7 530 Click here for the Excel Data File Week MFP (Output / Total Cost) 1 2 3 4 Problem 2-5 (Algo) An operation has a scrap rate of 5%. As a result, 95 sellable pieces per hour are produced. a. How many pieces per hour are produced, including scrap? (Enter your answer as a whole number.) pieces b. What is the potential increase in labor productivity that could be achieved by eliminating the scrap? (Enter your answer as a percentage rounded to one decimal.) The potential increase in labor productivity % Problem 2-6 (Algo) A manager checked production records and found that a worker produced 195 units while working 50 hours. In the previous week, the same worker produced 128 units while working 40 hours. a. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.) Current period productivity Previous period productivity Units / hour Units / hour b. Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations and final answer to 2 decimal places.) Worker's productivity by %
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