Question: A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 40% with less material, but

A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 40% with less material, but one additional worker required. Under the old process, 7 workers could produce 90 units per hour. Labor costs are $13/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 $38 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 - A % (Answer is a whole number xx)

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