Table 1.3 The Abco Company Manufactures Electrical Assemblies.The Current Process Uses 10

question 53

Essay

Table 1.3
The 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:
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.
a.Calculate the multifactor productivity for the current process.
b.Calculate the multifactor productivity for the new process.
c.Determine if the new process should be implemented.
-The three-person crew worked their way through the neighborhood,testing doorknobs and windows and slipping past security systems like a team of ninjas.Of course,they weren't ninjas,but a crew of brazen burglars,hoping to grab cash and other valuables to fence at the next level of their supply chain.Fortune smiles on them on this day in the prestigious Edmond Oaks neighborhood.A lawn maintenance crew is creating a tremendous racket mowing and edging lawns,which completely drowns out the sounds of breaking glass.Details of the day's haul appear in Table C.
a.What is the multifactor productivity?
b.What is the labor productivity?
Table C: The Haul
Workers are paid at a flat rate of 20% of the sales price of the merchandise.Materials cost represents the cost of gasoline and surgical gloves,and overhead is 20% of the sales price of the merchandise.

Conduct a moving average analysis to smooth time series data and identify patterns.

Differentiate between the use and purpose of exponential smoothing and moving averages.

Recognize and correct for the presence of autocorrelation in time series data.

Distinguish between the types of fluctuations in time series data and their causes.

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Definitions:

Triglycerides

A type of fat found in the blood, originating from food, that the body can either use for energy or store as fat tissue, affecting health.

Proteins

Large, complex molecules made up of amino acids, essential to the structure, function, and regulation of the body's tissues and organs.

Glucostatic Theory

A theory suggesting that blood glucose levels regulate feelings of hunger and satiety.

Blood Glucose

The sugar that is transported through the bloodstream to supply energy to cells throughout the body; it is critical for metabolic processes.