Question: A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 35% with less material, but

 A company has introduced a process improvement that reduces processing time

A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 35% with less material, but one additional worker required. Under the old process, 7 workers could produce 80 units per hour. Labor costs are $15/ hour, and material input was previously $17/ unit. For the new process, material is now $11 /unit. Overhead is charged at 1.7 times direet labor cost. Finished units sell for $31 each. Answer each of the following questions: Before the Process Improvement, the Multifactor Productivity = A (Answer with 3 decimal places x,xxx ) After the Process Improvement, the Multifactor Productivity = A (Answer witk 3 Decimal Places x.xxx ) The increase in productivity associated with the brocess improvement - A % (Answer is a whole number xx )

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