$$QUESTION $5(20$ Marks$)$

$5\mathrm{.}1.$ Examine the information provided below and answer the following questions.

INFORMATION

Royal Bank $($RB$)$ employs three loan officers, each working eight hours per day and processing an

average of seven loans per day. The bank$$s daily payroll cost for all the officers is R$2400,$ and the daily

overhead expense is R$1000.$ The bank has recently acquired new advanced computer software, which is

expected to increase each officer's loan processing capacity to twelve loans per day. However, the

overhead expense will rise to R$1200,$ and there will be an additional software license cost of R$20$ per

officer per day.

REQUIRED:

$5\mathrm{.}1\mathrm{.}1.$ Calculate the labour productivity per labour$-$hour before and after implementation of the new

computer software. Show all calculations and round off answers to three decimal places.

$(4$ Marks$)$

$5\mathrm{.}1\mathrm{.}2.$ Based on the answers obtained in question $5\mathrm{.}1\mathrm{.}1,$ evaluate the percentage change in labour

productivity. Show all calculations and round off the answer to three decimal places.

$(2$ Marks$)$

$5\mathrm{.}1\mathrm{.}3.$ Calculate the multifactor productivity per Rand before and after implementation of the new

computer software. Show all calculations and round off answers to four decimal places.

$(7$ Marks$)$

$5\mathrm{.}1\mathrm{.}4.$ Based on the answers obtained in question $5\mathrm{.}1\mathrm{.}3,$ evaluate the percentage change in multifactor

productivity. Show all calculations and round off the answer to two decimal places.

$(2$ Marks$)$

$5\mathrm{.}2.$ Study the information provided below and answer the following question.

INFORMATION

Last week, employees at Greenstreet Enterprises produced $46$ chairs after working a total of $200$ hours.

Labour is compensated at R$25$ per hour. Of the $46$ chairs produced, $12$ were damaged due to a problem

with the new sanding machine. The damaged chairs were discounted and sold for R$150$ each, while the

undamaged chairs were sold to a retail store for R$500$ each. Calculate the labour productivity for last

week.