Question: A company has introduced a process improvement that reduces processing time for each unit. Assume a 40 hour work week at $12/hour, and material input

A company has introduced a process improvement

A company has introduced a process improvement that reduces processing time for each unit. Assume a 40 hour work week at $12/hour, and material input was previously $16/foot. Overhead is charged at $1,000 plus 1.6 times direct labour cost. Finished units sell for $31 each. What increase or decrease in productivity is associated with the process improvement? Use 2 decimal points. Month 1 Output 60 70 # Workers 5 6 Material (feet) 3720 3790 2

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