Question 2:Spirit Contracting company is taking a decision to redesign their process of production. You aregiven an opportunity to support the company in deciding the process redesigning based onproductivity and efficiency. Based on the information provided below, you are supposed to giveyour recommendation based on efficiency.a.No. of chairs producedTotal Labor HoursDirect MaterialEnergy (kilowatt-hours)OverheadOld Process20080$5,0005,000$4,800New Process25080$5,0004,500$5,200Costs$ 20 per hour$ 1.75 per kilowatt-hourCalculate single factor productivity for old process and new process with dollars as thecommon denominator for all the resources.b. Calculate multifactor productivity for old process and new process.c. What is the unit increase in productivity for all single factor and multifactor in dollars?e. Do you suggest to redesign the process? Justify your decision.d. What is the percentage change in efficiency of all single and multifactor productivity?

First, I will determine the "single factor productivity" for each process, the dollar would be the…

Answered: a. Calculate single factor productivity…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

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a. Calculate single factor productivity for old process and new process with dollars as the common denominator for all the resources. b. Calculate multifactor productivity for old process and new process. C. What is the unit increase in productivity for all single factor and multifactor in dollars?