Question: A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 4 5 % with less

A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 45% 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 $18? unit. For the new process, material is now $12? unit. Overhead is charged at 1.8 times direct labor cost. Finished units sell for $32 each.
Answer each of the following questions:
Before the Process Improvement, the Multifactor Productivity =
A (Answer with 3 decimal places x.x)
After the Process Improvement, the Multifactor Productivity =
A (Answer with 3 Decimal Places x.x
The increase in productivity associated with the process improvement =
A %(Answer is a whole number )
 A company has introduced a process improvement that reduces processing time

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