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Company XYZ produces goods with usable output of 400 units by working 8-hour day. Goods are produced by four workers with a consumption of
Company XYZ produces goods with usable output of 400 units by working 8-hour day. Goods are produced by four workers with a consumption of 600 pounds of material. Each worker gets wage of $30; material cost is $2 per pound; and overhead is 2 times labor cost. Calculate the multifactor productivity. Answer Choices: a. 0.098 b. 0.167 c. 0.124 d. 0.136
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To calculate the multifactor productivity we need to divide the total output by the total input cost ...
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
