Question: 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

Problem 2-7 (Algo) The following table shows data
Problem 2-7 (Algo) The following table shows data
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 $10, the overhead rate is 11 times labor cost, and material cost is $5 per customer. Unit Employees Customers Processed Day 39 44 61 31 7 5 D Click here for the Excel Data File a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Unit Labor Productivity Multifactor Productivity (customers per day per worker) (customers per dollar input A 9.8 0.045 B 6.3 0.032 12.2. 0.053 D 15.5 0.063 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 productivity rates for each unit (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.) Unit Multifactor Productivity (customers per dollar input) A Labor Productivity (customers per day per worker) 10,8 73 13.2 B D 0.048 0,036 0.056 16.5

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