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

$(4$ Marks$)$

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

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

$(2$ Marks$)$

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

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

$(7$ Marks$)$

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

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

$(2$ Marks$)$

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

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

$(5$ Marks$)$

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.