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3. Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume
3. Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hours work in a week and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound. Material (lbs) Week 1234 Output (units) Workers 30,000 6 450 33,600 7 470 32,200 7 460 35,400 8 480
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