Give typed full explanation Student tuition at Boehring University is $180 per semester credit hour. The state supplements school revenue by $80 per semester credit hour. Average class size for a typical 3-creditcourse is 50 students. Labor costs are $5,200 per class, materials costs are $20 per student per class, and overhead costs are $24,000 per class. The multifactor productivity ratiocurrently is 1.29 and the labor productivity ratio is $174.11 per hour if the instructors work on an average of 14 hours per week for 16 weeks for each 3-credit class of 50 students.Coach Bjour Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form. Because of the currentstate of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $32,000 per classsection from the current $24,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average class size to 70 students. Labor costs willincrease to $7,000 per 3-credit course. Material costs will be about $30 per student for each 3-credit course. Tuition will be $250 per semester credit, which is supplemented by statesupport of $80 per semester credita. The multifactor productivity ratio with the university's plan to meet the expenses related to improving recruitment is(Enter your response rounded to two decimal places)

The ratio of input to output is the outcome of productivity. It assists in estimating the efficiency…

Answered: a. The multifactor productivity ratio…

a. The multifactor productivity ratio with the university's plan to meet the expenses related to improving recruitment is (Enter your response rounded to two decimal places)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places).
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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 425 hours per day @ $ 12.50 per hour Raw Material: 20,000 pounds per day @ $ 1.50 per pound Energy: $ 5,000 per day Capital: $ 10,250 per day a) Labor productivity per labor hour for these tires = enter your response here tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = enter your response here tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $ 1,000 per day without cutting production or changing any other inputs = enter your response here % (enter your response as a percentage rounded to two decimal places).…
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