Question
At Symtecks, the output of a process is valued at $100 per unit. The cost of labor is $45 per hour including benefits. The accounting
At Symtecks, the output of a process is valued at
$100
per unit. The cost of labor is
$45
per hour including benefits. The accounting department provided the following information about the process for the past four weeks:
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Week 1 | Week 2 | Week 3 | Week 4 | |
Units Produced | 1,117 | 1,310 | 1,088 | 977 |
Labor ($) | 12,379 | 14,842 | 10,653 | 9,476 |
Material ($) | 21,301 | 24,573 | 20,442 | 18,414 |
Overheads ($) | 9,894 | 10,530 | 8,736 | 7,848 |
a. The multifactor productivity ratio for week 1 is
enter your response here.
(Enter your response rounded to two decimal places.)
b. The labor productivity for week 1 is
enter your response here
units per hour. (Enter your response rounded to two decimal places.)
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