FARE 3310 Lecture 2: Jan_11_Class example.pdf
24 Oct 2014
School
Course
Professor
Document Summary
They work 8 hours per day, 5 days per week: a team of workers make 400 units of a product, which is sold in the market for each. Seconds are sold for each at factory. Calculate the productivity for the following operations: five clerks process 500 insurance policies in a week. They work 8 hours per day, 5 days per week. Gives: output=500 policies per week; 5 clerks ; 8 hours per clerk per day; 5 days per week clerks) (8 hours (5. 500policies/week per clerk per day ) (5 days per week) = 2. 5policies/hr: a team of workers make 400 units of a product, which is sold in the market for each. The accounting department reports that for this job the actual costs are for labour, ,000 for materials, and for overhead. = 0. 235units/dollar . ( + , 000 + )
