Question
MGMT 335.D1 Midterm Exam Part 2 1.1onely Tech oattpany produces printers. In January, the company pr dured 40pnnnes per wrek. The company has 30 direet labor employees. Each employee worlks 40 hours per we oith an hourly wage of $20.00. The material cost of the firm per weck is $16,000.00 The overhead expensc incueted in operating the fien is $10,000 per weck (1) Determine the lint Total input Labor cost + Material cost + Overhead) (Labor cost. number of employees . working hours work . wage) of the Lovely-Tech Compacy in Jacweary 2) In February, Lowely-Tech Company peoduceal 3,800 printess per week and the material cos per week is $18,poi. It the labor cost and orechead remain the same, what is gromth rate tin froem january so Febeuary? 2. Here is an Activity on Arrow (AC)A) netwock disgram for a peoject. The lettered A through P represents a sub-project, as shown in the accoempanying precedence diagram The deterministic time for each activity is as follows Time Time (1) Which path is the cntical path? What is the expected duration of the projet (Z) What are the Earliest Start (ES), Earliest Finish (EI), Latest Start (LS·Latest Finish in and Slack time for each activity?
Explanation / Answer
(1) Weekly multifactor productivity in January = Output / Input
Output = 4000 printers per week
Input (Total cost) = Labor cost + Material cost + Overhead = (30 employees * 40 hrs per week * hourly wage rate @ 20) + 16000 + 10000 = 50000
Multifactor productivity = 4000/50000 = 0.08
(2) February multifactor productivity = 3800/(30*40*20+18000+10000) = 0.073
Grow rate in MFP from JAnuary to February = (0.073 - 0.08)/0.08 = -8.75 %
