Topic : Competitiveness,Planning and strategy

3. Calculate the productivity for the following operations: a) Three employees processed 600 insurance policies last week. They 8 hours per day, 5 days per week. b) A team of workers made 400 units of product, which is valued by its standard cost of $10 each (before markups for other expenses and profit). That accounting department reported that for this job the actual cost were $ 400 for labor, $1000 for materials and $4300 for overhead