Question: QUESTION#5 (3p) The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate

QUESTION#5 (3p) The following table shows data on

QUESTION#5 (3p) The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $23, the overhead rate is 1.0 times labor cost, and material cost is $6 per customer. Customers/Process Unit Employees Per day A 4 36 B 5 40 60 3 20 a. Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. 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. 8 D YOUR

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