Solve these problems and upload your solution to Canvas. You can solve

them $$by hand$$ or using Excel.

Show all your work $($typed in the document, pasting a scanned image of your

handwritten solution, or by uploading an Excel file with your solution$).$ Also,

provide your answer in the provided tables.

Problem $1(20$ points$)$

Compute the multifactor productivity measure for each of the weeks shown for the production of

chocolate bars. Assume $40-$hour weeks and an hourly wage of $$16.$ Overhead is $1\mathrm{.}5$ times the

weekly labor cost. The material cost is $$9$ per pound. $($Round your answers to $2$ decimal places.$)$

Week Output $($units$)$ Workers Material $($lbs$)$

$127,0006420$

$232,0007470$

$333,0005530$

$443,00010630$

Week MFP $($Output $/$ Total Cost$)$

$1$

$2$

$3$

$4$

Problem $2(12$ points$)$

A property title search firm is contemplating using online software to increase the productivity of the

researcher performing the search. Currently, an average of $62$ minutes is needed to do a title

search. The researcher cost is $$2$ per minute. Clients are charged a fee of $$450.$ Company A$$s

software would reduce the average search time by $17$ minutes, at a cost of $$4\mathrm{.}00$ per search.

Company B$$s software would reduce the average search time by $22$ minutes at a cost of $$6\mathrm{.}00$ per

search.

a$.$ Calculate the productivity in terms of revenue per dollar of input. $($Round your intermediate

calculations and final answers to $2$ decimal places.$)$

Approach Productivity $($Revenue

per Dollar Input$)$

Current

Company A

Company B

Student name: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ CH $-2$ Procedure Problems EM$3310$

b$.$ Which option would have the highest productivity in terms of revenue per dollar of input?

$$ Company A

$$ Company B

$$ Current

Notes:

This problem expresses the output in terms of standard price rather than in units