Accounting MATH...DUE ASAP....NEED CONFIRM A+

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busn312-_week__assigned_2-3_homework.docx

Problem 2-7

The following table shows data on the average number of customers processed by several bank service units each day. The hourly wage rate is $35, the overhead rate is 1.0 times labor cost, and material cost is $8 per customer.

     

Unit

Employees

  Customers Processed / Day

A

4

30

B

4

46

C

8

58

D

2

24

     

a.

Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 3 decimal places.)

     

Unit

Labor Productivity (customers per day per worker)

Multifactor Productivity (customers per dollar input)

A

 

 

B

 

 

C

 

 

D

 

 

     

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. (Round your "Labor Productivity" answers to 1 decimal place and "Multifactor Productivity" answers to 4 decimal places.)

     

Unit

Labor Productivity (customers per day per worker)

Multifactor Productivity (customers per dollar input)

A

 

B

 

C

 

D

 

 

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WorksheetDifficulty: 2 Medium

Problem 2-7Learning Objective: 02-07 Describe several factors that affect productivity.

eBook: Describe several factors that affect productivity.

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Problem 2-9

A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $30 per hour per employee. Each employee identifies an average of 3,700 potential leads a week from a list of 4,900. An average of 3 percent of potential leads actually sign up for the service, paying a one-time fee of $85. Material costs are $1,400 per week, and overhead costs are $7,000 per week.

     

Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.)

     

  Multifactor productivity

 

 

References

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WorksheetDifficulty: 3 Hard

Problem 2-9Learning Objective: 02-07 Describe several factors that affect productivity.

eBook: Describe several factors that affect productivity.

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value: 10.00 points

 

Problem 3-8

Air travel on Mountain Airlines for the past 18 weeks was:  

     

Week

Passengers

Week

Passengers

1

405

10

440

2

410

11

446

3

420

12

451

4

415

13

455

5

412

14

464

6

420

15

466

7

424

16

474

8

433

17

476

9

438

18

482

     

b.

Use an appropriate technique to develop a forecast for the expected number of passengers for the next three weeks. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.)

      

Week

Forecasted Demand  

19

    

20

     

21

       

 

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WorksheetDifficulty: 2 Medium

Problem 3-8Learning Objective: 03-11 Prepare a linear trend forecast.

eBook: Prepare a linear trend forecast.

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Problem 3-10

After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units.

      

Period

Actual

Period

Actual

1

206

6

266

2

223

7

263

3

224

8

283

4

236

9

298

5

255

10  

 

      

Use α=.5 and β=.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.)

      

t Period

     TAFt

6

 

7

 

8

 

9

 

10

 

References

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WorksheetDifficulty: 3 Hard

Problem 3-10Learning Objective: 03-12 Prepare a trend-adjusted exponential smoothing forecast.

eBook: Prepare a trend-adjusted exponential smoothing forecast.

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value: 10.00 points

 

Problem 3-11

A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality. She uses the following equation to estimate the trend component of monthly demand: Ft = 100 + 2t, where t = 0 in June of last year. Seasonal relatives are 1.13 for January, 1.07 for February, and .92 for March. What demands should she predict? (Round your answers to 2 decimal places.)

    

  Month

  Forecast

  January of the next year

 

  February of the next year

 

  March of the next year

 

References

eBook & Resources

WorksheetDifficulty: 2 MediumLearning Objective: 03-13 Compute and use seasonal relatives.

Problem 3-11Learning Objective: 03-11 Prepare a linear trend forecast.

eBook: Compute and use seasonal relatives. eBook: Prepare a linear trend forecast.

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value: 10.00 points

 

Problem 3-15

The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 27 percent of its business on Friday night, 27 percent on Saturday night, and 23 percent on Thursday night. What seasonal relatives would describe this situation?(Round your answers to 2 decimal places.)

      

 

 

  Wednesday

 

  Thursday

 

  Friday

 

  Saturday

 

References

eBook & Resources

WorksheetDifficulty: 2 Medium

Problem 3-15Learning Objective: 03-13 Compute and use seasonal relatives.

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BUSN312 D003 S

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