Question: I am stuck on my practice work = question is A company offers ID theft protection using leads obtained from client banks. Three employees work
I am stuck on my practice work = question is
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $25 per hour per employee. Each employee identifies an average of 3,100 potential leads a week from a list of 4,900. An average of 3 percent of potential leads actually sign up for the service, paying a one-time fee of $85. Material costs are $1,400 per week, and overhead costs are $7,000 per week.
Calculate the multifactor productivity for this operation in fees generated per dollar of input
I know I need the LABOR RATE + OVERHEAD RATE + MATERIAL RATE /output to get this
I calculated labor rate at 3 * 40 * 25 = $3000; I used the material cost of $1400 from the problem and the overhead cost of $7000
I am confused on what the output is and not even sure if I did the other part right
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