*1) Using the formula below determine annual demand given: Q =Order Quantity D= Annual Demand S = Ordering Cost H = Annual Holding Cost/unit economic order quantity 400 DE 2DS Q= Where Q = 400 Units S = $10.00 H = $20.00 a) 180,000 (b) 160.000 c) 4.000 d) 16,000 e) None of the answers are correct #2) A telephone answering service answered 400 phone calls with 8 workers on Tuesday and 500 phone calls with 10 workers on Saturday. On which day and by what amount was labor productivity higher? 400/8:56 500/10-50 a) Tuesday - 30 b) Tuesday -40 c) Tuesday - 10 @ Tuesday - 50 e) Tuesday - 45 Saturday -40 Saturday -40 Saturday - 40 Saturday - 50 Saturday- 50 3) Compute the multifactor productivity measure for each quarter. The output numbers are shown below. Qtr. 1 = 200,000. Qtr. 2 = 100,000. Qtr. 3 = 250,000, Qtr. 4 = 300,000 Material consumed (lbs./Qtr): Qtr. 1 = 500, Qtr. 2 = 200, Qtr. 3 = 2500, Qtr. 4 = 1250 Hours worked/Qtr. = 600 hours, Hourly wage = 15.00/hr., OH = 1.25 x Quarterly Labor cost, Material cost = 10,00/lbs. The Otr. With the best multifactor productivity is! Qur. I b) Qur. 2 c) Qur. 3 d) Qtr. 4 4) A company has a 15% scrap rate as a result 100 units/hour are produced. What would be the percent increase in labor productivity if scrap were eliminated? 85 ( S)100 100/855071 10 57 a) 17.65% b) 30% c) 16.23% d) 15% e) None of the answers are correct 15) From problem 4 above what would be the new output in units per hour if the scrap rate was eliminated? a) 120 b) 132 115 d) 185 e) None of the answers are correct