Problem $2-7($Algo$)$

The following table shows data on the average number of customers processed by several bank service units each day. The hourly

wage rate is $$15,$ the overhead rate is $1$ times labor cost, and materlal cost is $$5$ per customer.

Click here for the Excel Data File

a$.$ Compute the labor productlvity and the multifactor productlvity for each unit. Use an elght$-$hour day for multifactor productlvity.

$($Round your "Labor Productlvlty" answers to $1$ declmal place and "Multifactor Productivity" answers to $3$ decimal places.$)$

Answer is complete but not entirely correct.

b$.$ Suppose a new, more standardized procedure is to be introduced that will enable each employee to process one additional

customer per day. Compute the expected labor and multifactor productlvity rates for each unit. $($Round your "Labor Productlvity"

answers to $1$ decimal place and "Multifactor Productlvity" answers to $3$ declmal places.$)$