Question1 At Modem Lumber, Inc., Art Binley, a president and a producer of an apple crates sold to growers, has been able, with his current equipment, to produces 240 crates per 100 logs. He currently purchases 100 logs per day, and each logs required 3 labor hours to process. He believes that he can hire a professional buyer who can buy a better quality log at the same cost. If this is the case, he increases his production to 260 crates per 100 logs. His labor hours will increase by 8 hours per day. What will be the impact on productivity (measured in crates per labor hour) if the buyers are hired? What is the Growth in productivity in this case? Question2 Calculate the productivity for the following operations: a) Three employees processed 600 insurance policies last week. They worked 8 hours per day, 5 days per week. b) A team of workers made 400 units of product, which is valued by its standard cost of $10 each (before markups for other expenses and profit). That accounting department reported that for this job the actual costs were $ 400 per labor, $1000 for materials and 4300 for overhead. Question3 A firms annual inventory is 1,600 units. The cost of placing an order is $50, purchase price of raw material/unit is $10 and the carrying costs is expected to be 10% per unit p.a. Calculate EOQ? Question4 Assume a car dealer that faces demand for 5,000 cars per year, and that it costs $15,000 to have the cars shipped to the dealership. Holding cost is estimated at $500 per car per year. How many times should the dealer order, and what should be the order size? If the lead time to receive cars is 10 days? (when should you place your order?)