Question: Exam Problems (You MUST show all formulas, calculations and work and you must circle answers.) Problem 1. Liberty Insurance Company processes applications forms. The average

Exam Problems (You MUST show all formulas, calculations and work and you must circle answers.) Problem 1. Liberty Insurance Company processes applications forms. The average output in a week is 600 claims. Currently the staff includes six full-time employees who work 40 hours per week and earn $18.00 per hour, including fringe benefits. Management has invested in computer technology which has a weekly cost of $1,200. Material and energy are not used in significant amounts, What is the productivity of the application process? (Show all calculations.) a- 129 b- 109 C-149 d-159 I haring Problem 2. Stop Share ny gallons should be ordered each time to minimize total annual variable costs? (Show all calculations.) W tv A AN PA 25

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