CHAPTER 8: Strategy & Productivity Solve the following practical question. (10 marks) Student tuition at Boehring University is $ 150 per semester credit hour. The state supplements school revenue by $100 per semester credit hour. Average class size for a typical 3 credit course is 50 students. Labor costs are $4,000 per class, materials costs are $20 per student per class, and overhead costs are $25,000 per class. a What is the multifactor productivity ratio for this course process? b. If instruction work an average of 14 hours per week for 16 weeku for each 3 credit class of 50 students, what is the labor productivity ratio? SOLUTION HAPTER 8: Strategy & Productivity Solve the following practical question. (10 marks) Calculate the productivity for the following operations: a Three employees process 600 insurance policies in a week. They work 8 hours per day, 5 days per week b. A team of workers makes 400 units of a product, which is sold in the market for $10 each The accounting department reports that for this job the actual costs are $ 400 for labor, $1000 for materials and $300 for overhead. SOLUTION