Question: Question 2 options: A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 5 0

Question 2 options:
A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 50% with less material, but one additional worker required. Under the old process, 7 workers could produce 70 units per hour. Labor costs are $13/hour, and material input was previously $20/unit. For the new process, material is now $14/unit. Overhead is charged at 1.7 times direct labor cost. Finished units sell for $38 each.
Answer each of the following questions:
Before the Process Improvement, the Multifactor Productivity =
( Answer with 3 decimal places x.xxx)
After the Process Improvement, the Multifactor Productivity =
(Answer with 3 Decimal Places x.xxx)
The increase in productivity associated with the process improvement =
%(Answer is a whole number xx)is

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