Table 1.2The Abco Company manufactures electrical assemblies…

Table 1.2The Abco Company manufactures electrical assemblies. The current process uses 10 workers and produces 200 units per hour. You are considering changing the process with new assembly methods that increase output to 300 units per hour, but will require 14 workers. Particulars are as follows: ​ CURRENT PROCESS NEW PROCESS OUTPUT (UNITS / HOUR) 200 300 NUMBER OF WORKERS 10 14 MATERIAL COST / HOUR $120 $150 Workers are paid at a rate of $10 per hour, and overhead is charged at 140% (or 1.4 times) labor costs. Finished switches sell for $20 / unit.Use the information provided in Table 1.2. What is the multifactor productivity of the new process?

It takes the Blacksburg shipyard twenty six weeks with 500 w…

It takes the Blacksburg shipyard twenty six weeks with 500 workers to build a small tanker. Material costs are $32 million and overhead costs are $2 million. Workers cost $40 per hour including benefits and work 40 hours per week. The ship sells for $75 million. What is the multifactor productivity ratio?