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1. Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of
1. Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.)
Week | Output (units) | Workers | Material (lbs) |
1 | 28,000 | 7 | 420 |
2 | 33,000 | 8 | 470 |
3 | 31,000 | 8 | 510 |
4 | 35,000 | 7 | 530 |
Week | MFP (Output / Total Cost) |
1 | |
2 | |
3 | |
4 |
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