Student tuition at Boehring University is $150 per semester credit hour. The state supplements schoolrevenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are$25,000 per class.a. What is the multifactor productivity ratio for this course process?b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-dents, what is the labor productivity ratio?

Student tuition at Boehring University is $150 per semester credit hour. The state supplements schoolrevenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students.Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are$25,000 per class.a. What is the multifactor productivity ratio for this course process?b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 stu-dents, what is the labor productivity ratio?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Please do not give solution in image format thanku Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT 49,500 cages Sales price: $3.50 per unit INPUT Production time 632 labor hours Wages $ 7.50 per hour Raw materials (total cost) $30,000 Component parts (total cost) $15,350 Find the total productivity in units sold and dollars of sales per dollar input. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
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: 21,000 pounds per day @ $1.00 per pound Energy: $5,250 per day Capital: $10,250 per day Part 2 a) Labor productivity per labor hour for these tires = ?tires/labor hour (round your response to two decimal places). Part 3 b) Multifactor productivity for these tires = ?tires/dollar (round your response to four decimal places).
Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are $25,000 per class. a. What is the multifactor productivity ratio for this course process? b. If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 students, what is the labor productivity ratio?
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).…
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: Raw Material: Energy: Capital: 425hours per day @ $12.00 per hour 21,000pounds per day @ $1.50 per pound $5,250 per day $10,000 per day a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = response to four decimal places). tires/dollar (round your c) The percent change in multifactor productivity if Fok can reduce the energy bill by $950 per day without cutting production or changing any other inputs =% (enter your response as a percentage rounded to two decimal places). Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.
ABC Insurance Ltd. wants to evaluate its labor and multifactor productivity with a new computerized title-search system. The company has a staff of four, each working 8 hours per day (for a payroll cost of $630/day) and overhead expenses of $450 per day. Collins processes and closes on 7 titles each day. The new computerized title-search system will allow the processing of 13 titles per day. Although the staff, their work hours, and pay are the same, the overhead expenses are now $900 per day. Calculatea) single factor productivity with old systemb) multi factor productivity with old systemc) ) single factor productivity with new systemd) multi factor productivity with new system
Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,000 per class, material costs are $20 per student per class, and overhead costs are $25,000 per class. What is the multifactor productivity ratio for this course process? If instructors work an average of 14 hours per week for 16 weeks for each 3-credit class of 50 students, what is the labor productivity ratio?
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour 20,000 pounds per day @ $1.50 per pound $5,250 per day $10,250 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires tires/dollar (round your response to four decimal places). %3D
A manufacturer of printed circuit boards has a designcapacity of 1000 boards per day. Th e eff ective capacity, however,is 700 boards per day. Recently, the production facility has beenproducing 950 boards per day. Compute the design and eff ectivecapacity utilization measures. What do they tell you?
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Cox Electric makes electronic components and has estimated the following for a new design of one of its products. . Fixed cost-$21,000 • Material cost per unit $0.17 Labor cost per unit = $0.11 Revenue per unit $0.68 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. Construct an appropriate spreadsheet model to find the profit based on a given production level and use the spreadsheet model to answer these questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue the total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which…
The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $200 per unit. Overhead is charged weekly at the rate of [[$1,200 + 3/4 X direct labor cost]]. Assume a 40-hour week and an hourly wage of $20. Material cost is $7 per foot. What is the average multifactor productivity?