White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $143 per unit (labor, $28; materials, $69;and overhead, $46). The sales price is $275 per unit.a. To achieve a 15 percent multifactor productivity improvement by reducing materials costs only, one needs to reduce the materials cost byas a percent rounded to two decimal places.)percent. (Enter your responseb. To achieve a 15 percent multifactor productivity improvement by reducing labor costs only, one needs to reduce the labor cost by percent. (Enter your response as apercent rounded to two decimal places.)c. To achieve a 15 percent multifactor productivity improvement by reducing overhead costs only, one needs to reduce the overhead cost byas a percent rounded to two decimal places.)percent. (Enter your response

The standard cost of CD players = $143 per unitLabor cost = $28Materials cost = $69Overhead =…

Answered: White Tiger Electronics produces CD…

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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White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit.a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?
What are the differences between effective and efficient? Why effectiveness and efficiency are important? wordss:400-500
25) The operations manager suggests a hike in the prices to improve productivity. However, the marketing manager rules this option out. What could be the possible reason for this? A) The industry is characterized by intense competition. B) Product prices are not related to organizational productivity. C) Selling price is negatively correlated to organizational productivity. D) Such an action would lead to reduced employee satisfaction.
Cameras are produced on an automated assembly line process. The standard cost of cameras is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit. What is the labor productivity? What is the overhead productivity? What is the multifactor productivity (include all inputs)?
The best measures that should be captured and reported to managers relate to corporate strategy and are SMART: specific, measurable, actionable, relevant, and timely. Below are examples of poorly constructed performance measures for each of these. For each component of SMART, provide two better measures than those provided. SMART Process Measured Poor Measure Better measures Specific Production Number of defects #1 #2 Measurable Inventory Errors made #1 #2 Actionable Division A Profit margin #1 Relevant Sales Earnings per share Timely Production Last year's defect rate #2 #1 #2 #1 #2
Explain: Some simple secrets of success are: Keeping cost down Focusing on customer value Keeping the employers happy and contended Keeping simple operations
Factors that may influence the measurement of productivity are a. quality. b. external elements, like the general state of the economy. c. definition of "productivity" in terms of what to measure. d. all of the above. e. all of the above except b.
White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70, and overhead, $50). The sales price is $300 per unit. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced?
Company X considers the ratio: number of complaints per day/number of employees neededto handle those complaints, as a productivity measure that is best when it is large.What explains the company’s point of view?To a systems thinker, there is something wrong with this point of view. What is amiss?
Armstrong Co.’s balanced scorecard lists performance measures that belong to the following four perspectives: financial, customer, internal business processes, and learning and growth. Which of the following pairs does NOT belong to the same perspective? Multiple Choice a)Stock price and market share percentage b)Overall equipment effectiveness and manufacturing cycle time c)Employee turnover percentage and average training hours per employee d)Number of patents approved and overall equipment effectiveness
A company produces 1,222 units of output per hour using 28 workers and 528 pounds of raw materials. Each worker is paid $15 per hour. Materials cost $4 per pound. Overhead is charged at 1.8 times the labor expense. Finished units sell for $112 each. What is the productivity of materials? ($/$)
In a manufacture company, a group of workers produces 20,000 units of a product and sold them in the market for $15 each. The accounting department reports that, In order to produce all of these products. it costs. S 200 for labor. S600 for materials. $150 for overhead, $1000 for administrative manager salary. Now what is the multifactor productivity for this process?

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