Accounting MATH...DUE ASAP....NEED CONFIRM A+
Problem 2-7
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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. |
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Unit |
Employees |
Customers Processed / Day |
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A |
4 |
30 |
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B |
4 |
46 |
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C |
8 |
58 |
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D |
2 |
24 |
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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.) |
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Unit |
Labor Productivity (customers per day per worker) |
Multifactor Productivity (customers per dollar input) |
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A |
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B |
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C |
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D |
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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.) |
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Unit |
Labor Productivity (customers per day per worker) |
Multifactor Productivity (customers per dollar input) |
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A |
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B |
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C |
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D |
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Hints
References
eBook & Resources
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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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. |
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Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) |
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Multifactor productivity |
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References
eBook & Resources
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
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Air travel on Mountain Airlines for the past 18 weeks was: |
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Week |
Passengers |
Week |
Passengers |
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1 |
405 |
10 |
440 |
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2 |
410 |
11 |
446 |
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3 |
420 |
12 |
451 |
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4 |
415 |
13 |
455 |
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5 |
412 |
14 |
464 |
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6 |
420 |
15 |
466 |
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7 |
424 |
16 |
474 |
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8 |
433 |
17 |
476 |
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9 |
438 |
18 |
482 |
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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.) |
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Week |
Forecasted Demand |
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19 |
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20 |
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21 |
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Hints
References
eBook & Resources
WorksheetDifficulty: 2 Medium
Problem 3-8Learning Objective: 03-11 Prepare a linear trend forecast.
eBook: Prepare a linear trend forecast.
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Hint
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Problem 3-10
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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. |
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Period |
Actual |
Period |
Actual |
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1 |
206 |
6 |
266 |
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2 |
223 |
7 |
263 |
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3 |
224 |
8 |
283 |
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4 |
236 |
9 |
298 |
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5 |
255 |
10 |
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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.) |
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t Period |
TAFt |
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6 |
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7 |
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8 |
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9 |
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10 |
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References
eBook & Resources
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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Use the sub navigation below to navigate within this series of questions. |
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3.
value: 10.00 points
Problem 3-11
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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.) |
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Month |
Forecast |
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January of the next year |
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February of the next year |
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March of the next year |
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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.
4.
value: 10.00 points
Problem 3-15
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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.) |
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Wednesday |
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Thursday |
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Friday |
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Saturday |
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References
eBook & Resources
WorksheetDifficulty: 2 Medium
Problem 3-15Learning Objective: 03-13 Compute and use seasonal relatives.
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john.horne@myc
John Horne
16720556
Stevenson, Oper
BUSN312 D003 S
Chapter 03 Home
Andrea Segovia
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