A company offers ID theft protection using leads obtained from client banks. Thr

Question

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 $35 per hour per employee. Each employee identifies an average of 2,700 potential leads a week from a list of 4,900. An average of 7 percent of potential leads actually sign up for the service, paying a one-time fee of $85. Material costs are $1,100 per week, and overhead costs are $11,000 per week.

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

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

Explanation / Answer

Formulae for Multifactor Productivity is Outputs / Inputs. Convert all inputs and outputs into dollars

Answer is

Outputs : 16065 ( 7% of 2700 is calculated and multipled by $85)

Inputs: $ 11000 + $ 1100 = 12100

Answer: $ 1.33

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.