Question: A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 25% 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 25% with less material, but one additional worker required. Under the old process, 5 workers could produce 90 units per hour. Labor costs are \$14/hour, and material input was previously \$20/unit. For the new process, material is now \$14/unit. Overhead is charged at 1.9 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.xxx ) After the Process Improvement, the Multifactor Productivity = A (Answer with 3 Decimal Places X.xxx) The increase in productivity associated with the process improvement =

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