1.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 $15 per hour per employee. Each employee identifies an average of 3,400 potential leads a week from a list of 5,500. An average of 6 percent of potential leads actually sign up for the service, paying a one-time fee of $50. Material costs are $1,200 per week, and overhead costs are $9,000 per week.
Calculate the multi factor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.)
Multifactor productivity …………………….?
2.A catering company prepared and served 340 meals at an anniversary celebration last week using seven workers. The week before, five workers prepared and served 225 meals at a wedding reception.
a1.Calculate the labor productivity for each event. (Round your answers to 1 decimal place.)
Anniversary…………….. ?meals/worker
Wedding …………………… ?meals/worker
