Question: Problem 2-7 (Static) 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 (Static) The following table shows
Problem 2-7 (Static) The following table shows
Problem 2-7 (Static) The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer. Employees Customers Processed / Day 4 Unit B D 5 8 3 36 40 60 2e 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 Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) 5 B D Problem 2-7 (Static) The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $25, the overhead rate is 1.0 times labor cost, and material cost is $5 per customer. Employees Customers Processed / Day 4 Unit B D 5 8 3 36 40 60 2e 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 Labor Productivity (customers per day per worker) Multifactor Productivity (customers per dollar input) 5 B D

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